FX Week

Vietnam Plans To Launch Forwards, But Initial Demand May Be Limited

REGULATORS

The State Bank of Vietnam is in the final stages of approving a series of foreign exchange regulations which are expected to include the launch of Vietnamese dong forward contracts in the next six to seven weeks, say sources. However, FX sources in Hanoi say that while they welcome the new currency rules, the forward contracts will have little impact on the market due to limited demand.

The new currency rules are expected to address legal requirements for foreign exchange-based products, name