Forex trading under the laws of Vietnam (Part 1)
Further to our article on Cryptocurrency, today we will discuss another related topic which is increasingly popular in emerging markets, including Vietnam: Forex business/ trading. In the first part of this Article, we will answer the question: “Is Forex trading regulated under the laws of Vietnam?” With Forex trading, the Traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies which are likely to fluctuate in the future. On the other hand, investing in foreign exchange trading is investing in the difference between the exchange rate of a pair of one currency or the price fluctuations of other commodities. It means Forex trading is not about buying and selling foreign exchange to serve the needs of using foreign exchange but rather to speculate on price fluctuations. However, the applicable laws of Vietnam do not provide any clauses on price fluctuation speculation as a legal foreign exchange activity. According to the Schedule of