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Circular 38/2026/TT-NHNN: Key considerations regarding foreign exchange management for foreign investment in Viet Nam

To specify regulations governing foreign exchange management for foreign investment activities in Viet Nam, on July 31, 2026, the State Bank of Vietnam issued Circular 38/2026/TT-NHNN (Circular 38). Circular 38 takes effect on August 18, 2026. This article analyzes several key highlights that foreign investors and member enterprises within the Viet Nam International Financial Center should take note of.