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Thursday, July 25, 2024

Transactions worth VND400 million to be reported to central bank

The Saigon Times

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HCMC – Transactions whose value tops VND400 million will have to be reported to the State Bank of Vietnam from December 1, according to a new government decision.

Deputy Prime Minister Le Minh Khai has signed Decision 11/2023, which increases the value of transactions prescribed in Decision 20/2013 by VND100 million to VND400 million.

The regulation is applied to financial organizations and organizations and individuals who organize prize-awarding games and trade properties and precious metals and gems.

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