Treasury & FX in Vietnam

Report date:

2 Apr 2020

Whether talking about FX hedging, liquidity or systems, it seems that international banks can do quite a lot in Vietnam. However, most companies need a local bank and with that comes documentation complexity and operational complications. A local presence helps but is not the cure. One participant described Vietnam as ‘Like China but China has evolved.’ Vietnam is likely to develop in future but it is not developed yet (according to our participants.)

Contributors:

This report is based on a Treasury Peer Call chaired by Nick Franck.

Countries:

Vietnam

Topics covered in this report:

Hedging FX, Intercompany loans, Funding, Investments, T&E Management, Payments - domestic

Service providers discussed in this report:

Amex, SWIFT, Vietcombank, FXall, Bloomberg

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