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transactions

Transactions of gold on unofficial online market pose high risks

Transactions of gold on unofficial online market pose high risks

A scarcity of SJC gold bars and gold rings in official trading channels is causing the demand for the asset on the unofficial online market to increase sharply, but industry insiders warn that purchases could result in high risks.
A common coordination process to handle suspected fraudulent transactions to be developed

A common coordination process to handle suspected fraudulent transactions to be developed

The National Payment Corporation of Việt Nam emphasised the need for a common process to streamline coordination among banks, as each currently handles doubtful transactions differently.
City forms task force to enhance monitoring of gold bar transactions

City forms task force to enhance monitoring of gold bar transactions

HCM City authorities have established a task force aimed at enhancing the monitoring of gold bar transactions in the city to tackle speculation.
New credit regulations on related-party transactions proposed

New credit regulations on related-party transactions proposed

The proposal is under a MoF’s draft decree amending and supplementing Decree No. 132/2020/NĐ-CP regulating tax management for enterprises with related transactions.
Property transactions of individuals might be limited

Property transactions of individuals might be limited

Deputy Prime Minister Trần Hồng Hà asked the Ministry of Construction to study carefully to raise specific regulations.
Ministry to consider possible tax on gold transactions

Ministry to consider possible tax on gold transactions

The Ministry of Finance is to start a process to study the effect of taxation on gold transactions, said deputy minister of finance Nguyễn Đức Chi in a press conference on Tuesday in Hà Nội.
Proposal of compulsory non-cash payment for gold transactions causes a stir

Proposal of compulsory non-cash payment for gold transactions causes a stir

The General Department of Taxation proposed the State Bank of Việt Nam study regulations on making non-cash payments compulsory for gold transactions together with a control mechanism to improve transparency.
Central bank revises regulations on foreign currency transactions

Central bank revises regulations on foreign currency transactions

The State Bank of Vietnam wants to amend the current policy to increase flexibility and initiative in managing monetary and exchange rate policies in response to changes in domestic and international market conditions.
General Department of Taxation reviews draft regulations on loan interest expense cap

General Department of Taxation reviews draft regulations on loan interest expense cap

The GDT said that it has coordinated with six local tax departments to organise a conference to review a draft decree that amends and supplements Decree 132/2020/NĐ-CP on tax management for enterprises with associated transactions.
Banking digitalisation sees rapid growth: SBV

Banking digitalisation sees rapid growth: SBV

SBV''s deputy governor Phạm Tiến Dũng said as the number of customers and transactions increases, the rising complexity poses many challenges for managing and ensuring security in the payment industry.
Việt Nams e-commerce market is expected to reach US20.5 billion

Việt Nam's e-commerce market is expected to reach US$20.5 billion

MoIT Deputy Minister Hải was speaking at the Vietnam E-commerce Development conference, entitled Sustainable E-commerce Development, organised by the MoIT’s Department of E-commerce and Digital Economy on December 1.
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.
Amended law on electronic transactions to hasten digital transformation

Amended law on electronic transactions to hasten digital transformation

If the revised regulations are successfully implemented, administrative procedures will be much simpler and costs will be reduced for individuals and firms.
Festival opens in HCM City to promote cashless transactions

Festival opens in HCM City to promote cashless transactions

The cashless revolution continued to gather steam with the Cashless Town Festival opening on Friday in HCM City to promote digital payments.
Derivatives transactions fall sharply in Jan

Derivatives transactions fall sharply in Jan

The dip in derivatives trading in January 2023 may be due to an increase of  the margin ratio and low sentiment around the Lunar New Year holidays.