Deputy Minister of Finance Tran Xuan Ha and US Under Secretary of State Robert Hormats have discussed issues related to anti-money laundering and restructuring of Vietnam’s economy.
At a meeting in Hanoi on March 20, Deputy Minister Ha highlighted the development of bilateral relations and expressed hope for stronger investment and trade cooperation between the two countries in the future.
Ha said Vietnam has basically restructured state-owned businesses in the 2012-2015 period and will continue to perfect this in the 2016-2020 period.
Vietnam is committed to implementing initiatives on anti-money laundering at multilateral forums, and it has signed 20 bilateral treaties on anti-crime, as well as regulations on anti-money laundering.
The State Bank of Vietnam is building a law on anti-money laundering and will submit it to the National Assembly for approval in the next session, Ha said.
The Ministry of Finance has also issued a circular on anti-money laundering in the fields of insurance, lottery and securities and is expected to get more technical assistance from the US in the fight against money laundering, he added.