SBV seeking comment on foreign currency circular

The State Bank of Vietnam (SBV) is collecting opinions from organizations and individuals on a draft circular guiding foreign currency transactions between the central bank and credit institutions licensed to conduct foreign exchange activities, to replace Circular No. 02/2012/TT-NHNN. Under the draft, the SBV will conduct transactions with credit institutions through five forms: spot trading, forward trading, swap trading, options trading, and other types of transactions decided upon by the central bank in the future, of which options trading is a newly-added form.