🇻🇳 Broker coverage in Vietnam

Regulatory overview

In Vietnam, foreign-exchange activity is governed by the State Bank of Vietnam (SBV); the State Securities Commission (SSC) regulates securities, not retail forex. Vietnamese law restricts foreign-currency trading to banks and authorised credit/financial institutions; retail forex trading by individuals through online or foreign brokers is illegal, and forex trading floors have been declared illegal by the SBV, with administrative and criminal penalties. Administrative sanctions in the monetary/banking sector were set by Decree No. 88/2019/ND-CP, replaced by Decree No. 340/2025/ND-CP (effective 9 February 2026). [S1][S2] The SSC does not license retail forex brokers; per-entity status must be confirmed individually. [S3]

Considerations

Individual retail forex via online or foreign brokers is illegal in Vietnam; only banks/authorised institutions may transact FX. [S1][S2] There is no SSC-licensed retail forex broker - the SSC does not license retail forex. [S3]

Frequently asked questions

Is retail forex trading legal for individuals in Vietnam?

No. FX trading is restricted to banks/authorised institutions; individual forex via online or foreign brokers is illegal and penalised under the monetary/banking administrative-sanctions decree. [S1][S2]

Sources

1. [S1] Decree No. 88/2019/ND-CP - administrative penalties in the monetary and banking sector (official English text; superseded by Decree 340/2025/ND-CP eff. 9 Feb 2026) — https://thuvienphapluat.vn/van-ban/EN/Tien-te-Ngan-hang/Decree-88-2019-ND-CP-penalties-for-administrative-violations-in-monetary-and-banking-sector/431979/tieng-anh.aspx
2. [S2] SBV - declares forex floor trading illegal; penalties (Vietnam News, SBV) — https://vietnamnews.vn/economy/252475/sbv-bans-foreign-exchange-trades.html
3. [S3] SSC - State Securities Commission (does not license retail forex) — https://www.ssc.gov.vn/