Business

Vietnam adopts action plan to combat money laundering, terrorist financing

Ministries are required to develop, issue and effectively implement sector-specific policies and action plans by September 2026 to mitigate money laundering risks in line with the national action plan on addressing risks related to money laundering, terrorist financing and proliferation financing for the 2023–2028 period.

Border guards at the Lao Cai International Border Gate uncover and seize multiple cases involving the illegal transport of foreign currency through the Lao Cai International Road Border Gate. (Photo: VNA)
Border guards at the Lao Cai International Border Gate uncover and seize multiple cases involving the illegal transport of foreign currency through the Lao Cai International Road Border Gate. (Photo: VNA)

Hanoi (VNA) – Vietnam has adopted a national action plan to fulfil its commitments on combating money laundering, terrorist financing and the financing of the proliferation of weapons of mass destruction, with the goal of being removed from the Financial Action Task Force's (FATF) increased monitoring list while safeguarding national interests.

According to Decision No. 1139/QD-TTg, dated June 26, 2026, ministries are required to develop, issue and effectively implement sector-specific policies and action plans by September 2026 to mitigate money laundering risks in line with the national action plan on addressing risks related to money laundering, terrorist financing and proliferation financing for the 2023–2028 period.

They will also establish monitoring mechanisms to oversee implementation of these action plans, including training programmes to strengthen awareness of money
laundering, terrorist financing and proliferation financing risks among competent authorities.

Relevant agencies must provide data and evidence demonstrating the actual implementation of measures to mitigate money laundering, terrorist financing and proliferation financing risks.

The plan also demands additional risk assessments of high-risk predicate offences identified in the mutual evaluation report, including environmental crimes and sexual exploitation offences. Sectoral money laundering risk assessments will be completed for casinos, prize-winning gaming, virtual assets, legal entities and legal arrangements.

Vietnam will step up both formal international cooperation, including extradition and mutual legal assistance, and informal cooperation between law enforcement agencies and financial intelligence units. Competent authorities will be provided with adequate resources to support international cooperation and encouraged to pursue cooperation agreements with as many foreign partners as possible to facilitate international collaboration.

The plan also requires the collection and consolidation of data on requests for mutual legal assistance and informal cooperation, as well as training activities for investigators and prosecutors.

Supervisory authorities overseeing reporting entities are tasked with strengthening international cooperation and information sharing with their foreign counterparts.

The State Bank of Vietnam is assigned to coordinate, monitor and urge ministries and agencies to implement the newly issued action plan./.

VNA
#money laundering #terrorist financing #weapons of mass destruction
Follow VietnamPlus

Related News

Action plan launched to strengthen anti-money laundering framework

Action plan launched to strengthen anti-money laundering framework

The plan seeks to safeguard the interests of the State, organisations and individuals while helping prevent corruption, money laundering, terrorist financing and proliferation financing, thus strengthening financial system stability, supporting economic growth and promoting Vietnam's reputation and stature in the international community.

At the meeting of the Steering Committee for Anti-Money Laundering. (Photo: VNA)

Deputy PM chairs meeting of Steering Committee for Anti-Money Laundering

Phoc also urged ministries and sectors, in line with their mandates, to pool all available resources to fulfill the tasks set out in the plan, increase investment in workforce and technology for anti-money laundering work, review and amend legal regulations to ensure consistency with conclusions issued by competent authorities.

See more

Ca Mau companies and households use rooftop solar to cut expenses. (Photo: VNA)

Vietnam raises rooftop solar sales cap to 50%, widens direct power deals

Rooftop solar power is entering a new phase of development with a more solid foundation. When integrated with energy storage systems and direct power purchase mechanisms, it not only contributes to supplementing distributed energy sources and reducing pressure on the national power system, but also serves as a driving force for green growth, enhances the competitiveness of the economy, and ensures energy security.

Production of electrical wiring harnesses at Bandai Vietnam Co., Ltd. in the Left Bank Industrial Park, Phu Tho province. (Photo: VNA)

Record FDI Inflows signal strong investor confidence, but absorptive capacity remains key

Vietnam's competitive advantages are evolving. Rather than relying primarily on low labour costs and tax incentives, the country's future competitiveness will increasingly depend on structural and long-term factors, including transparent institutions, policy predictability and an investment environment capable of supporting long-term strategic investors.

Vietnamese Ambassador to the RoK Vu Ho (first, left) and other participants in the conference in Seoul on July 14 (Photo: VNA)

Vietnam, RoK strengthen investment links at Seoul conference

Vietnamese Ambassador to the RoK Vu Ho said bilateral relations are currently enjoying the best conditions, underpinned by what he described as the three key factors of “favourable timing, geographical advantages, and strong public support”.

Electricity generation is monitored at the plant of the Hai Phong Thermal Power Joint Stock Company. (Photo: VNA)

Energy security “shield” must be built in layers: Expert

In an interview recently granted to the Vietnam News Agency, Dr Nguyen Van Tu, General Director of the Vietnam Petroleum Institute (VPI), said petroleum reserves are a critical line of defence, but a genuine energy security “shield” must be built in layers.

Reducing emissions is not only essential for tackling climate change but also brings tangible benefits to farmers and businesses. (Photo: VNA)

Vietnam steps up low-emission farming to support green growth

Vietnam is among the world's leading producers and exporters of agricultural products, including rice, coffee and a wide range of fruits. However, key export markets such as the US, the European Union (EU) and Japan are tightening sustainability requirements for agricultural products, making the transition to low-emission farming increasingly important.

Fresh fruit products of Vietnam are introduced to German customers. (Photo: VNA)

"Live data" paves way for Vietnamese farm exports

Achieving Vietnam's target of more than 74 billion USD in agricultural, forestry and fishery exports in 2026 will require stronger traceability systems, initially focusing on key export commodities, high-value products and major markets such as the EU, the US and China.

An enterprise in the southern province of Dong Thap invests in modern technologies and machinery for production. (Photo: VNA)

Broadening financing channels key to unlocking SME growth

As the private sector takes on a more central role under the Politburo's Resolution No. 68-NQ/TW, experts and business representatives say Vietnam needs a more comprehensive approach to supporting SMEs. This includes improving institutions, making financial support tools more effective and reshaping the financial system to better suit the characteristics of SMEs.

Phase 1 and Phase 2 of the Tan Thuan Wind Power Plant in Tan Thuan commune, Ca Mau province, have a combined installed capacity of 75 MW, comprising 18 wind turbines. (Photo: VNA)

Energy storage unlocks renewable power potential, cuts emissions

Energy transition is not simply about replacing fossil fuels with wind and solar power. It also requires building a sustainable energy ecosystem in which clean power generation, energy storage, smart grids and material recycling chains develop in parallel. Such an integrated approach will improve energy efficiency, further reduce greenhouse gas emissions and help Vietnam achieve green growth and net-zero emissions targets by 2050.

Vietnamese food is increasingly diverse in varieties and packaging, meeting domestic demand. (Photo: VNA)

Government urges vigilance as inflation pressures mount in H2

The Government's inflation target remains within reach despite mounting headwinds. Several forecasts suggest inflation can stay below 4.5% this year if international oil prices continue to retreat. Extending domestic fuel tax incentives through year-end, along with stable electricity prices, healthcare fees and exchange rates, would offer additional relief.

Construction is underway at the Tu Lien Bridge project in Hanoi. (Photo: nhandan.vn)

Public investment drives Hanoi’s growth momentum

In the first half of 2026, Hanoi disbursed 64 trillion VND (2.4 billion USD) in public investment, equivalent to more than 53% of the annual plan assigned by the Prime Minister – the highest mid-year disbursement rate recorded in many years.