Deputy Prime Minister Ho Duc Phoc chaired a meeting of the Steering Committee for Anti-Money Laundering in Hanoi on March 24.

Permanent Deputy Prime Minister Nguyen Hoa Binh on September 22 highlighted the need to establish a transparent legal framework with outstanding preferential policies that are predictable and in line with international practices for investors engaging in developing Vietnam’s international financial centre.

The State Securities Commission of Vietnam (SSC) and Monetary Authority of Singapore (MAS) on March 12 agreed to cooperate in safeguarding the integrity and stability of the countries’ capital markets, while fostering their connectivity.

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

The newly established Department of Anti-Money Laundering will operate under the State Bank of Vietnam (SBV) from January 5 next year.

The Government Inspectorate of Vietnam treasures its sustainable cooperative relationship with the Administrative Control Authority (ACA) of Egypt, Deputy Inspector General Duong Quoc Huy told ACA Deputy Chairman Tamer El Fargany at their meeting on October 7 in Hanoi.

The State Bank of Vietnam (SBV) on May 17 issued a decision to inspect the compliance with policies and laws in gold trading activities of credit institutions and gold trading enterprises.

The Vietnam Banks Association (VNBA) and Vietnam Blockchain Association on September 20 jointly organised a conference to promote legal regulations on anti-money laundering in cryptocurrency transactions.

The National Assembly (NA) Standing Committee opened a four-day law-making session in Hanoi on August 15, with 11 draft laws, ordinances and resolutions to be tabled for discussion.

The State Bank of Vietnam (SBV) has given timely instructions to banks in order to prevent risks and acts that take advantage of virtual currencies in transactions, Deputy Governor Dao Minh Tu has said.