The Prime Minister has issued a national action plan on fighting money laundering and terrorism financing for the period 2015-2020.

The plan is aimed at establishing an anti-money laundering and terrorism financing mechanism in Vietnam, implementing the Government's commitments to the country's role in the Asia/Pacific Group on Money Laundering (APG), and participating in trans-national crime prevention programmes, according to the Vietnam Government Portal.

The plan also looks to protect national, organisational and individual benefits and contribute to preventing crimes and corruption; strengthen the stability of financial organisations and stimulate the economic growth rate; confirm the standpoints and commitments to combating money laundering and terrorism financing for peace, stability, development and integration as well as increasing Vietnam’s position in the international community.-VNA