A bank clerk counts Chinese yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei, Anhui province. Photo by Reuters /Stringer
Vietnamese can trade in yuan at the border with China, the State Bank of Vietnam has decreed.
It means the transactions that traders and residents have been doing informally in the yuan for long along the border gets legal sanction from October 12.
Economist Nguyen Tri Hieu told VnExpress International: “There have not been any specific regulations on using the yuan in transactions. This will be the first.”