Foreign exchange management in the Vietnam-China trade border area

This is an important point of the Circular that was recently issued by the State Bank of Vietnam, which guides the management of foreign exchange in border trade areas between Vietnam and China.

Accordingly, the payment methods include payments through banks or in cash. In addition, this Circular also applies to commercial banks, branches of foreign banks authorized for operation in Vietnam, branches of banks located in the border areas of Vietnam and China, and other organizations and individuals involved in trade activities in the Vietnam China border trade area.