There is no licensed Forex floor in Vietnam yet.

Specifically, in a recent report sent to the National Assembly , the State Bank of Vietnam also coordinated with ministries, branches, and research agencies on central bank digital currency (CBDC) and reported to the Prime Minister on the implementation of CBDC in countries and proposed assigning a focal unit to conduct research.

Currently, the State Bank continues to follow the instructions of the Deputy Prime Minister, report and coordinate with relevant units to propose related contents. At the same time, the State Bank has also researched, consulted experiences and conducted surveys related to digital currency projects of a number of central banks in the world .

The SBV has participated in seminars, workshops, and training courses to exchange, learn, and discuss with experts from international organizations (such as IMF, BIS, WB, etc.), and participated as an Observer of the CBDC mBridge project of 4 central banks (China, Hong Kong, Thailand, United Arab Emirates) as well as studied documents and published reports of central banks and international organizations on CBDC.

Regarding the task of strengthening inspection, examination, detection and strict handling of organizations and individuals establishing foreign exchange (Forex) trading floors in violation of the law (Resolution No. 173/2024/QH15), the State Bank informed: Forex trading floor activities are not within the scope of permitted foreign exchange activities in the field of foreign exchange management. Therefore, to date, the State Bank has not licensed any Forex floors in Vietnam.

This means that payment and money transfer abroad (if any) for Forex transactions are not permitted transactions according to current regulations on foreign exchange management.

Illegal Forex trading activities are carried out in cyberspace, so to detect, prevent and handle this activity, it is necessary to have timely coordination and handling by competent authorities such as the Ministry of Culture, Sports and Tourism (performing the information and communication function), the Ministry of Public Security , the Ministry of Industry and Trade, etc.

In recent times, in order to serve the verification and investigation of fraud and property appropriation cases related to the activities of Forex floors in cyberspace, the State Bank has provided information on the current legal framework on foreign exchange management to the Ministry of Public Security and the Investigation Police Agencies of provinces and cities.

At the same time, the State Bank has proactively directed credit institutions to implement measures to prevent and stop the exploitation of payment for illegal transactions, including payment for Forex floor activities./.

Source: https://baodaknong.vn/chua-co-mot-san-forex-nao-tai-viet-nam-duoc-cap-phep-252091.html