Vietnam Forex Rules Reform Aims to Ease Foreign Investment Flows

Vietnam forex rules are set for overhaul as the central bank proposes easing procedures for foreign investors while strengthening oversight of capital flows.

The draft circular would allow eligible investors to open investment capital accounts before receiving registration approval, although usage would initially be limited.

Investors may also open multiple foreign-currency accounts for different currencies.

The revised Vietnam forex rules aim to align with recent legal changes and expand coverage to sectors such as oil and gas and international financial centres, while maintaining requirements for capital transfers and profit repatriation through designated accounts.