Experts suggested firms use more derivative instruments to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.
Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Viet Nam (SBV) does not extend a circular regulating the loans.
The Government has issued Decree No.222/2013/ND-CP (31 December 2013)
regulating payments in cash and the State management of payments in cash
in some specific types of transactions on Vietnamese territory.
The Government has instructed the State Bank of Viet Nam to issue
"proper" policies in order to mobilise gold hoarded by the public and
use it for socio-economic development.