Vietnamese Bankers Develop First FX/MM Unit: Vinaforex

ASSOCIATIONS

Vietnam's first foreign exchange organization was officially started in Hanoi on April 24. Vinaforex, which was established by the Vietnam Bankers Association (VBA), aims to improve dealers' training standards, discuss issues concerning the country's FX and money markets and establish a code of conduct, says executive committee member and co-founder Peter McLean, head of treasury at Standard Chartered Bank in Hanoi.

McLean stresses that Vinaforex is currently a social organization for dealers and

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