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Official Gazette

Friday, August 19, 2022
Tags: money laundering
PM chairs monthly Cabinet meeting on legislation PM chairs monthly Cabinet meeting on legislation
Prime Minister Pham Minh Chinh chaired a monthly Cabinet meeting on legislation in Hanoi on July 26, with four draft laws tabled for discussion.
SBV proposes conditions for online lending SBV proposes conditions for online lending
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
Vietnamese top legislator holds talks with British lower house speaker Vietnamese top legislator holds talks with British lower house speaker
National Assembly Chairman Vuong Dinh Hue and Speaker of the UK’s House of Commons Lindsay Hoyle discussed various issues regarding cooperation between the two legislatures during their talks in London on June 29 morning.
IPEF discussion should aim at cooperation for peoples benefits: PM IPEF discussion should aim at cooperation for people’s benefits: PM
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.
How Vietnam legally adapts to the emergence of Fintech How Vietnam legally adapts to the emergence of Fintech
Fintech is the combination of two factors: Finance and Technology. For the time being, there is no official or legal definition of Fintech. It should be noted that how Fintech is defined hinges upon the specific contexts and different approaches. However, the common denominator in most definitions is the application of technologies to enhance financial services.
New rules set for stricter control of prize-winning video games for foreigners New rules set for stricter control of prize-winning video games for foreigners
The Government has recently released new rules to better manage prize-winning electronic games for non-nationals in Vietnam. The rules are provided in two decrees issued in late December 2021, namely Decree 121 and Decree 137.
Money laundering crimes on the rise: situation and solutions Money laundering crimes on the rise: situation and solutions
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.
Vietnams efforts in maintenance of international peace and security Vietnam’s efforts in maintenance of international peace and security
With its foreign policy of peace, independence, self-reliance, respecting and committing to the principles and noble objectives of the United Nations (UN), Vietnam wishes to make more contributions to the common efforts of the international community in upholding international law and the UN Charter and promoting the role of the UN and multilateral institutions, especially in the maintenance of international peace and security. This article reviews Vietnam’s efforts in fulfillment of the UN’s common goals of maintenance of international peace and security as well as its guidelines, policies and actions on the issue.
Fighting wildlife-related corruption through international cooperation: Analysis and recommendations to improve compatibility between Vietnams law and the UNCAC Fighting wildlife-related corruption through international cooperation: Analysis and recommendations to improve compatibility between Vietnam’s law and the UNCAC
International cooperation has been recognized as a key in the fight against corruption in general and corruption relating to wildlife crime in particular. In order to create a legal basis for international anti-corruption efforts, the United Nations adopted the Convention against Corruption on October 31, 2003. Vietnam became an official State Party to the Convention on August 19, 2009. This article analyzes the Convention’s provisions and Vietnam’s regulations on international cooperation in the fight against corruption, especially those concerning the wildlife, and puts forward some recommendations for making them more compatible with the United Nations Convention against Corruption.
Central bank digital currency: economic and legal aspects - a vision for Vietnam Central bank digital currency: economic and legal aspects - a vision for Vietnam
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.

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