The fourth session of the 15^th National Assembly concluded in Hanoi on November 15 after 21 working days.

The draft revised laws on land, anti-money laundering, and cooperatives and a bill on national defense are under consideration at the ongoing fourth session of the 15th National Assembly (NA) on November 1.

The Prime Minister has recently issued a decision on the National Plan of Action on prevention and control of money laundering, terrorism financing and financing of the proliferation of weapons of mass destruction for the 2021-25 period.

Prime Minister Pham Minh Chinh chaired a monthly Cabinet meeting on legislation in Hanoi on July 26, with four draft laws tabled for discussion.

Credit institutions could provide loans via electronic means as long as they satisfy the conditions on customer information security and confidentiality and operational safety specified by the State Bank of Vietnam

The discussion of the Indo-Pacific Economic Framework for Prosperity (IPEF) should aim at a framework that brings practical benefits to the people, stated Prime Minister Pham Minh Chinh at the launch ceremony of the IPEF on May 23.

The number of criminal cases showing signs of money laundering in Vietnam is on a rapid increase, reaching over 11,000 cases per year on average. In some cases, the appropriated money amount mounts to trillions of Vietnam dong. Every day, the Anti-Money Laundering Department of the State Bank of Vietnam receives, analyzes and processes thousands of reports on suspicious transactions.

Central bank digital currency (CBDC) is a new issue of interest of most central banks and economists and lawmakers in the world. In short, CBDC is a generic term for a version of currency that could use an electronic record or digital token to represent the digital form of a nation’s currency. CBDC is issued and managed directly by the central bank and could be circulated like a traditional currency. This article discusses CBDC’s economic and legal aspects, including CBDC technologies, its advantages and downsides and possible legal reforms for issuance of CBDC.

The United Nations always plays an important role in Vietnam’s foreign policy and accompanies the country in the process of national construction and development, thus creating favorable conditions to enhance its position and image in the international arena and deepen its relations with other nations around the world.

For the time being, there has been no unified definition of “cryptoasset” or “digital asset” or “virtual asset” in the world. According to the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, “a virtual asset is a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes.”[1] Canada’s model legislation regarding digital assets, the Uniform Access to Digital Assets by Fiduciaries Act, defines “a digital asset” as “a record that is created, recorded, transmitted or stored in digital or other intangible form by electronic, magnetic or optical means or by any other similar means.”[2] Cryptocurrency (or virtual currency) is a form of cryptoassets (or virtual assets). There is also no unified definition of this term in the world.