>Revalue all USD-denominated receivables/payables using SBV-authorized mid-rates effective March 9, 2026, and record FX gains/losses in Q1 2026 financials
>Process all outbound profit remittances exclusively via SBV-licensed banks and retain full settlement documentation for minimum 10 years per Decree 126/2020/ND-CP
>Update Local File transfer pricing documentation by April 30, 2026, to reflect material FX impact on intercompany transactions
English Summary
This report notes the USD/VND exchange rate rose to VND26,315 at Vietcombank (0.02% increase) on March 9, 2026, while the black-market rate surged 1.12% to VND27,200. Though not a regulatory decree, this movement triggers key compliance obligations under Vietnam’s Foreign Exchange Ordinance (No. 28/2023/ND-CP) and Circular 15/2024/TT-NHNN. Foreign businesses must use SBV-authorized rates for financial reporting, tax calculations, and cross-border payments. All foreign currency revenues must be declared and converted within 3 working days. Use of unofficial rates may lead to tax reassessment, penalties up to 25% of misreported tax, and transfer pricing scrutiny. Affected entities include FDI firms, exporters, importers, and service providers with USD-denominated contracts. No new deadline is introduced, but ongoing compliance with SBV and GDT requirements remains mandatory.