State Bank of Vietnam’s Anti-Money Laundering Department elects 2025-2027 Party cell leadership as Deputy Governor calls for accelerated automation and grey list exit

The State Bank of Vietnam published an update on the first congress of the Party cell of its Anti-Money Laundering Department for the 2025–2027 term, which elected a new executive committee and delegates to the central bank’s Party congress. Deputy Governor Pham Tien Dung used the event to set priorities for the term, centred on accelerating technology adoption and automation to support AML operations and risk-based supervision, while advancing work linked to Vietnam’s international commitments and the objective of exiting the “grey list”. The congress reviewed work in the 2022–2025 term, including coordination on the 2022 Anti-Money Laundering Law and implementing guidance, delivery of more than 70 training courses to over 6,000 staff across credit institutions, finance companies and State Bank of Vietnam provincial branches, and processing large volumes of suspicious transaction reports, including 9,839 received and 11,609 handled. Operational directives for 2025–2027 included completing and bringing into use information technology systems for AML to enable risk-based inspection and supervision of reporting entities in the banking sector, strengthening analysis and information transfer related to suspicious transaction reports, developing concrete initiatives aligned with Resolution 57 on innovation and digital transformation, and improving specialist staff capability alongside clearer accountability for deliverables. Following the congress, the department is to develop working regulations and arrangements for assigning and supervising implementation of its plans, and to incorporate the Deputy Governor’s instructions into its action programme for the 2025–2027 term.