Banks' customers are being targeted by new phishing attacks by criminals posing as bank officials and asking customers for their one-time password (OTP).
The State Bank of Vietnam (SBV) must take action to ensure 90 percent of the Vietnamese population over the age of 15 have bank accounts by 2030.
Money laundering mostly goes unpunished in Vietnam because cash is the main form of payment and relevant legislation is murky.
Police in Hanoi have said they are considering electronic (and automatic) charging of traffic fines to offenders’ bank accounts.
Deputy Prime Minister Vuong Dinh Hue has signed a policy decision encouraging cash-free transactions in Vietnam in order to reduce the number of cash-based deals, improve overall electronic payment methods and control tax evasion.
The Ministry of Public Security on June 24 proposed criminal charges against three former officials of a company affiliated to shipping giant Vinashin, and another man for misappropriating nearly US$16 million from 2006-08.
Ho Chi Minh City police on December 9 said they had taken into custody a Chinese man for his alleged involvement in a phone scam ring that cheated many people out of billions of dong, local media reported.
A growing number of Vietnamese youths are being introduced to LSD, one of the most potent, mood-changing hallucinogens, through social networking sites, especially Facebook.
The police arrested five persons for being involved in an online fraud operation on May 16.
A five-member gang in HCM City, headed by a Taiwanese person, was prosecuted for impersonating the police to commit fraud and steal nearly VND1.8 billion (US$85,700).