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money

Legal framework for Mobile Money awaited

Legal framework for Mobile Money awaited

An official legal framework for Mobile Money is expected to be issued early to promote cashless payment in rural and remote areas when the official pilot implementation ends on Tuesday.
New decree on using telecommunications accounts for payment proposed

New decree on using telecommunications accounts for payment proposed

Currently the use of a telecommunications account to pay for small-value goods and services in the country, called Mobile-Money service, is being implemented in a pilot programme.
State bank to strengthen anti-money laundering efforts with new department

State bank to strengthen anti-money laundering efforts with new department

The Government announced the organisational changes of the State Bank of Việt Nam on Wednesday.
Property sector remains vulnerable to money laundering: SBV

Property sector remains vulnerable to money laundering: SBV

Việt Nam''s property sector remains vulnerable to money laundering with the risk of money laundering activities in the sector being high, said the latest report by the State Bank of Vietnam (SBV).
Cheap money period in Việt Nam forecast to come to an end

Cheap money period in Việt Nam forecast to come to an end

The period of cheap money in Việt Nam is coming to end as deposit interest rates are increasing, say finance experts
Mobile Money users in Việt Nam rise rapidly

Mobile Money users in Việt Nam rise rapidly

The Government has extended the Mobile Money service pilot implementation period following early signs of success.
Govt defines electronic money, Bitcoin not included

Gov't defines electronic money, Bitcoin not included

A recently issued decree has, for the first time, defined the concept of electronic money as "the equivalent value in VNĐ stored by electronic means".
Central bank promotes prevention of money laundering

Central bank promotes prevention of money laundering

The State Bank of Vietnam (SBV) has required relevant parties to strengthen the monitoring and reporting of transactions that are suspected of involving money laundering.
Mobile-Money service pilot extended to late 2024

Mobile-Money service pilot extended to late 2024

The Government has decided to extend the trial period for using telecom payment accounts for small-value goods and services until December 31, 2024.
Agencies promote anti-money laundering in cryptocurrency transactions

Agencies promote anti-money laundering in cryptocurrency transactions

According to the United Nations Office on Drugs and Crime (UNODC), the total value of money laundering activities globally each year can be equal to 2-5 per cent of world GDP, equivalent to US$800 billion to $2 trillion.
Anti-money laundering bureau to be granted additional autonomy and power

Anti-money laundering bureau to be granted additional autonomy and power

Anti-money laundering should receive greater operational autonomy and independence, according to the State Bank of Vietnam (SBV).
SBV boosts anti-money laundering regulations

SBV boosts anti-money laundering regulations

New documents provide regulations on criteria and methods for assessing money laundering risks of reporting entities.
Grow stock market to ease pressure on the money market

Grow stock market to ease pressure on the money market

Too much dependence on credit to boost the economy is not the safe path.
Mobile Money has nearly 4 million users

Mobile Money has nearly 4 million users

Viet Nam has more than 3.9 million people using Mobile Money service by the beginning of last month.
Viet Nams banking system shows signs of money surplus

Viet Nam’s banking system shows signs of money surplus

Viet Nam’s banking system is showing signs of returning to a period of money surplus.