TITLE: Vietnam's State Bank Issues Circular Amending Foreign Exchange Management Regulations for Non-Credit Institutions
BODY:
On June 10, 2026, the Governor of the State Bank of Vietnam (SBV) issued Circular 23/2026/TT-NHNN, which amends and supplements foreign exchange management regulations applicable to non-credit institutions providing foreign exchange services.
The circular addresses amendments to three regulatory documents governing administrative procedures and business conditions that were repealed under Government Resolution 24/2026/NQ-CP (April 29, 2026), which mandated the reduction, decentralisation, and simplification of administrative procedures and business conditions across defence, internal affairs, finance, construction, diplomacy, justice, and banking sectors.
Circular 23/2026/TT-NHNN comprises four chapters and 22 articles. Chapter I contains six articles amending Decision 21/2008/QĐ-NHNN on foreign exchange dealer regulations. Chapter II includes 11 articles amending Circular 04/2023/TT-NHNN governing foreign exchange dealer activities for bordering countries. Chapter III contains two articles amending Circular 07/2001/TT-NHNN, which provides guidance on managing currency from bordering countries in border areas and border economic zones. Chapter IV establishes enforcement provisions, transitional clauses, and implementation responsibilities.
The circular applies to non-credit institutions engaged in foreign exchange service provision, including foreign exchange dealers and related entities operating in Vietnam's border regions and border economic zones. These amendments streamline regulatory requirements and reduce administrative burdens for such organisations.
Circular 23/2026/TT-NHNN entered into force on June 10, 2026.