>Cease all USD/VND exchanges via unofficial channels effective immediately; route 100% of FX through SBV-licensed banks (e.g., Vietcombank, BIDV)
>Audit all FX inflows/outflows for FY2025 by April 30, 2026 — flag transactions lacking commercial contracts, invoices, or SBV-compliant declarations
>Submit an annual FX Compliance Statement to the General Department of Taxation (GDT) and local SBV branch by May 15, 2026
English Summary
This report notes a 0.18% decline in the unofficial USD/VND exchange rate to VND27,190 on March 14, 2026 — starkly diverging from Vietcombank’s official rate of VND26,318. While not a regulatory update per se, it signals heightened foreign exchange volatility and enforcement risk. Under Vietnam’s Foreign Exchange Ordinance (No. 28/2023/ND-CP) and SBV Circular 29/2023/TT-NHNN, all foreign currency transactions must occur via licensed credit institutions; black-market dealings are strictly prohibited and subject to fines up to VND500 million, account suspension, or criminal referral. Affected entities include foreign-invested enterprises (FIEs), trading companies, and digital service providers remitting cross-border payments. No new deadline is introduced, but SBV intensified inspections in Q1 2026 targeting informal FX flows linked to e-commerce, freelance platforms, and offshore payroll. Practical implications: FIEs must audit all FX channels by April 30, 2026; replace informal remittance partners with SBV-approved banks; and retain full documentation (contracts, invoices, bank slips) for 5 years to satisfy tax and AML audits.