Forex trading in Vietnam operates within a complex regulatory framework overseen by the State Bank of Vietnam (SBV). While individual forex trading through international brokers is technically legal, the Vietnamese government maintains strict restrictions on domestic forex operations (1). The State Bank of Vietnam serves as the primary financial regulator, focusing on maintaining stability of the Vietnamese dong and controlling foreign exchange flows within the country.
The regulatory landscape in Vietnam prohibits domestic forex floor trading entirely, meaning that Vietnamese citizens cannot engage in forex trading through local Vietnamese brokers or trading floors (2). However, Vietnamese residents can access international forex brokers that operate outside Vietnam's jurisdiction, creating a legal gray area that many traders navigate carefully.
"The State Bank of Vietnam has reinforced regulations that prohibit individuals from trading forex through online brokers, emphasizing that unregulated forex trading is illegal. Despite some lobbying for a more liberal approach, the government has not shown any signs of easing these restrictions."
The current scope of Vietnam's forex laws illustrates a scenario where domestic floor trading remains prohibited, but accessibility to international brokers continues to transform the Vietnamese forex landscape (1). Vietnamese traders who choose to engage with international brokers do so at their own risk, as these activities fall outside the direct oversight of Vietnamese financial authorities. The government's stance reflects broader concerns about capital flight and maintaining control over the country's monetary policy and exchange rate stability.
Source:
https://market-bulls.com/is-forex-trading-legal-in-vietnam/
https://issuu.com/exness_blog/docs/exness.docx/s/60491314
Last updated: 01-06-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
