The Bank for Investment and Development of Vietnam (BIDV) will provide a series of foreign exchange services on the international market, according to a document issued by the State Bank of Vietnam (SBV) Governor.

The document said the BIDV will join in overseas currency and foreign derivative markets, providing lending, borrowing and interest rate swap, as well as brokerage services.

The bank is required to strictly comply with the SBV regulations and relevant provisions of law on forex services.

The recognition of qualified commercial banks and non-bank credit institutions to provide forex services is governed by the SBV Governor’s Circular No. 03/2008/TT-NHNN of August 11, 2008, guiding the provision of forex services by credit institutions./.