The State Bank of Vietnam has issued a 2025–2026 plan for the banking sector covering counter-terrorism and the financing of the proliferation of weapons of mass destruction. The plan focuses on reducing the risk of terrorism and related financing activity, improving incident preparedness to limit damage, raising staff awareness across the sector, and aligning implementation with legal requirements and international standards. Key measures include strengthening the banking sector counter-terrorism steering committee and its coordination with the Ministry of Public Security, the Ministry of National Defence and local counter-terrorism bodies, supported by a standing team responsible for monitoring implementation and reporting. State Bank of Vietnam units and provincial branches are tasked with implementing the plan and stepping up supervision and inspections of commercial banks and other supervised entities. Credit institutions and other banking organisations are expected to establish and refine internal counter-terrorism plans, enhance physical preparedness, apply customer identification and screening requirements, improve detection and reporting of suspicious transactions in line with the Anti-Money Laundering Law, and expand training and communications.
State Bank of Vietnam 2025-01-11
State Bank of Vietnam issues 2025–2026 plan to strengthen counter-terrorism and WMD proliferation financing controls in the banking sector
The State Bank of Vietnam's 2025–2026 plan for the banking sector focuses on counter-terrorism and financing of weapons of mass destruction proliferation. Key measures include enhancing coordination with security ministries, strengthening internal counter-terrorism plans, and improving detection and reporting of suspicious transactions. The plan mandates increased supervision and inspections, aligning with legal and international standards.