Chương 5 Pháp lệnh Ngoại hối 2005: Thị trường ngoại tệ, cơ chế tỷ giá hối đoái và quản lý xuất, nhập khẩu vàng

Chapter V

FOREIGN CURRENCY MARKET, FOREIGN EXCHANGE RATE MECHANISM, AND MANAGEMENT OF IMPORT AND EXPORT OF GOLD

Article 28 Foreign currency market of Vietnam

1. Members participating in the inter-bank foreign currency market comprise the State Bank of Vietnam and authorized credit institutions.

2. Members participating in the foreign currency market between authorized credit institutions and their customers comprise authorized credit institutions, foreign exchange counters and customers being residents and non-residents in Vietnam.

3. Entities participating in the foreign currency market of Vietnam shall be entitled to conduct forms of transaction in accordance with international practice when they satisfy the conditions stipulated by the State Bank of Vietnam.

Article 29. Operations of the State Bank of Vietnam on the foreign currency market

The State Bank of Vietnam shall carry out the purchase and sale of foreign currency on the domestic foreign currency market in order to achieve the objectives of the national monetary policy.

Article 30. Exchange rate mechanism applicable to Vietnamese dong

1. The exchange rate mechanism applicable to Vietnamese dong shall be determined on the basis of the supply of and demand for foreign currency in the market as regulated by the State.

2. The State Bank of Vietnam shall determine the exchange rate applicable to Vietnamese dong in accordance with specific macro-economic objectives from time to time.

Article 31 Management of import and export of gold

The State Bank of Vietnam shall manage the import and export of gold in the form of bullion, bars, granules and plate by credit institutions and other institutions licensed to trade in gold.