The Government clearly stipulates the responsibilities of each agency in preventing and combating counterfeit money

The Government clearly stipulates the responsibilities of each agency in preventing and combating counterfeit money

VCN - The Government signed and promulgated Decree No.87/2023/ND-CP regulating the prevention and combat of counterfeit money and the protection of Vietnamese currency (Decree 87). The Decree takes effect from February 2, 2024.
Automated customs system promises to save food businesses time and money

Automated customs system promises to save food businesses time and money

A new automation system for customs declarations promises to reduce the customs process for trucks carrying multiple products into the UK in a bid to make imports more efficient ahead of the upcoming Brexit checks.
Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes

Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes

The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.
Dinh Ba Customs prosecute after illegal transport of money through border gate

Dinh Ba Customs prosecute after illegal transport of money through border gate

A case of illegally transporting VND330 million from Cambodia to Vietnam has been detected and prosecuted by Dinh Ba Customs Branch – Dong Thap Customs Department.
National action plan to tackle money laundering approved

National action plan to tackle money laundering approved

Under the plan, ministries concerned will propose regulations on administrative fines related to virtual assets as well as enhance inspection in fields under their management.
Banks have difficulty in handling assets to ensure bad debt recovery

Banks have difficulty in handling assets to ensure bad debt recovery

VCN - The settlement of disputes related to security assets of bad debts at banks is still limited, not accepted or resolved according to simplified procedures, affecting the rights and interests of the parties in the bad debt settlement process.
Low payment limit: is "the land" no longer fertile?

Low payment limit: is "the land" no longer fertile?

VCN - According to some mobile money payment service providers, the potential of this field is not absent, but this is "barren and rocky " because the "fertile land" has been plowed by banks.
Banking liquidity on the rise

Banking liquidity on the rise

Total liquidity in the banking system reached about VNĐ13.749 trillion (US$601 billion) in January, increasing by 2.59 per cent against the end of 2021.
New money into stock market slows down, growth may miss targets

New money into stock market slows down, growth may miss targets

In its recent report, Dragon Capital said that the market uptrend is still led by new individual investors. However, while margin loans were still at a record high and securities companies continued to raise capital, new money deposited into accounts started to show signs of declining.
Criminal case of illegal transport of money across Moc Bai Border Gate prosecuted

Criminal case of illegal transport of money across Moc Bai Border Gate prosecuted

VCN- Through initial investigation, Tran Thanh Tong was found to be a goods owner who regularly trades and exchanges goods with Cambodian business partners.
Interest rates decreasing, but money still pouring into banks

Interest rates decreasing, but money still pouring into banks

VCN- Meanwhile deposits in domestic currency increased by 9.19% and foreign currencies increased by 6.32% compared to the end of last year.
ACV tries not to lose money

ACV tries not to lose money

VCN - In 2020, the Airport Corporation of Vietnam (ACV) tries not to lose money, but this is also a huge challenge in the coming time. The ACV expects total passenger traffic through 21 airports this year to fall 41% year-on-year to 69.2 million.
Concerns that money flows into the risky fields to push credit growth?

Concerns that money flows into the risky fields to push credit growth?

VCN- According to financial and bank expert Dr Nguyen Tri Hieu, businesses are also facing a shortage in capital resources due to the "freezing" market before the social distancing orders ended.
State Treasury system tightens administrative discipline

State Treasury system tightens administrative discipline

VCN- Accordingly, the State Treasury has identified areas that can generate corrupt behavior in the system, focusing on certain positions and operations, and on that basis, promulgating ethical standards and lifestyles of officials and employees in the sy
Dong Thap Customs arrests an illegal export of nearly VND 360 million

Dong Thap Customs arrests an illegal export of nearly VND 360 million

VCN – According to Dong Thap Customs Department, Dinh Ba international border gate customs branch has seized an illegal export shipment of VND 359 million.
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