Vietnam Allows Direct Payment in Yuan Rather Than Dollars for China Border Trade
SEAFOODNEWS.COM [FishFirst] translated by Amy Zhong - September 10, 2018
Beginning October 12, Renminbi (RMB) (also called Yuan), the official currency of China, can be used directly in some border trade between China and Vietnam, according to a notice from the State Bank of Vietnam on August 28. This would reduce the influence on importers brought by exchange rate fluctuations and would also benefit China’s basa and prawn imports.
As the notice reads, businessmen and local residents can...
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