Editor’s Note
The State Bank of Vietnam has issued a new circular (No. 27/2025/TT-NHNN) detailing provisions of the Anti-Money Laundering Law, effective November 1. This article outlines key reporting requirements for financial institutions.
The State Bank of Vietnam (the central bank) has issued Circular No. 27/2025/TT-NHNN, detailing certain provisions of the Anti-Money Laundering Law. This circular will take effect on November 1.
According to the circular, reporting entities—including financial institutions and organizations/individuals operating in related non-financial sectors—must collect information electronically and report it to the Anti-Money Laundering Department under the central bank.
For domestic electronic transfer transactions, reporting is mandatory for individual transactions of 500 million VND (approximately 2.8 million yen) or more, or the equivalent in foreign currency.
For international electronic transfer transactions where at least one of the involved financial institutions is located abroad, the reporting obligation is triggered for amounts of 1,000 USD (approximately 148,000 yen) or more, or the equivalent in foreign currency.
Furthermore, the circular also stipulates the amounts and required documentation for declarations at customs when individuals carry cash (foreign currency or Vietnamese dong), precious metals, gemstones, or transferable financial instruments across borders.
The declaration threshold for precious metals (excluding gold) and gemstones is set at 400 million VND (approximately 2.2 million yen).
“Precious metals” include silver, platinum, silver/platinum artworks and ornaments, and various alloys containing silver or platinum. “Gemstones” include diamonds, rubies, sapphires, and emeralds.