Vietnam draws a lot of interest from retail forex brokers lately as it is a strong economy and a large untapped market for them. Most of them still operate there just like they operate in China – through local IBs or through online marketing only however some are thinking of opening local branches, subject to regulatory limitations. The State Bank of Vietnam (SBV) on Thursday requested foreign banks to strictly adhere to regulations on foreign currency trading activities. Accordingly, general directors and directors at foreign banks’ branches or 100% foreign-invested banks have to observe current rules about local ... (full story)