STATE BANK OF VIETNAM
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No: 230/QD-NHNN
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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Hanoi, 11 February 2011
 
 
DECISION
On the issuance of some provisions relating to foreign currency transaction
of credit institutions authorised to engage in foreign exchange activity
 
THE GOVERNOR OF THE STATE BANK
 
- Pursuant to the Law on the State Bank of Vietnam No.46/2010/QH12 dated 16 June 2010;
- Pursuant to the Law on Credit Institutions No.47/2010/QH12 dated 16 June 2010;
- Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;
Upon the proposal of the Director of the Foreign Exchange Control Department,
 
DECIDES:
 
 
Article 1. General Directors (Directors) of credit institutions authorised to engage in foreign exchange activity shall be permitted to determine the buying and selling rate for spot transaction between Vietnamese Dong and foreign currencies under the following principles:
1. For USD: the maximum exchange rate shall not exceed +1% (one per cent) of the average exchange rate in the inter-bank foreign currency market applicable to the previous latest transaction date, which is announced by the State Bank.

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