Viet Nam’s hosting of the signing ceremony of the United Nations Convention against Cybercrime (Ha Noi Convention) marks a major step in its efforts in global integration on cybersecurity and financial security, underscoring the country’s determination to strengthen its defences against money laundering and other high-tech crimes.

The establishment of a gold exchange is seen as the final step in reforming the management of the gold market, creating opportunities to strengthen oversight and enhance transparency in the flow of gold within the economy.

Deputy Prime Minister Ho Duc Phoc called for effective coordination between monetary and fiscal measures to ensure macro-economic stability for sustainable development while chairing a meeting on September 16 with the State Bank of Viet Nam (SBV) and relevant ministries and sectors to review monetary policy and gold market management over the past nine months and chart directions for the period ahead.

The State Bank of Viet Nam (SBV) has proposed that all electronic money transfers of 1,000 USD or more at the shaping International Financial Centre (IFC) must be reported.

Prime Minister Pham Minh Chinh on April 25 asked ministries and sectors to optimise all tools to remove difficulties facing the financial, corporate bond and real estate markets, thus pumping in more resources and promoting major growth in consumption, exports and investment.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has underscored that credit governance must be prudent to help curb inflation and stabilise the macro-economy when responding to legislators’ concern about credit for real estate.