Bao Tin Minh Chau violates the law, information transferred to the Ministry of Public Security for verification and investigation
Implement Decision No. 324/QD-TTGSNH2 dated May 17, 2024 of the Chief Inspector and Supervisor of the Bank (TTGSNH) on inspecting compliance with policies and laws in gold trading activities at credit institutions and enterprises.
On May 23, 2025, the Chief Inspector of the State Bank of Vietnam (SBV) signed and issued Inspection Conclusion No. 22/KL-TTNH4 on compliance with policies and laws in gold trading activities at Bao Tin Minh Chau Company Limited (BTMC Company).
According to the inspection conclusion, BTMC Company basically complies with legal regulations in gold trading activities; trading in buying and selling gold bars under the license of the State Bank; implementing the information regime, reporting basic data on buying and selling gold bars in full accordance with regulations; listing the price of buying and selling gold; gradually recognizing and implementing legal regulations on money laundering prevention and control (PCRT) with more positive changes; opening accounting books and basic accounting according to accounting laws.
The State Bank Inspectorate said that in addition to violations of the invoice, document, accounting, tax regime... in gold trading activities at BTMC Company, it has reported, submitted to the Governor of the State Bank for approval and issued a document transferring information on the violation to the Ministry of Public Security for verification, investigation, and handling; BTMC Company also has shortcomings and violations. See more...
Bustling day of opening fabric gardens, Hai Duong farmers expect a bumper harvest
Yen recovers
According to Lao Dong, on May 30, the Japanese Yen (JPY) suddenly recovered from a two-week low against the USD in the context of the global market being affected by trade policy developments and newly released economic data from both Japan and the US.
The JPY has received strong support after a US federal appeal court unexpectedly restored large-scale trade tariffs under former President Donald Trump last night. This decision increased market instability, causing investors to return to safe-haven assets such as the Japanese Yen. See more...
Hanoi talks about the current situation of trade fraud and counterfeit goods in the area
On May 30, the Prime Minister's Working Group on the peak of the fight against, prevention and repelling of smuggling, trade fraud and counterfeit goods (Working Group 950 worked with the Hanoi People's Committee on implementing Official Dispatch No. 65/CD-TTg and Directive No. 13/CT-TTg of the Prime Minister in Hanoi.
Informing about the prevention and control of counterfeit goods in Hanoi in the first 5 months of the year, Ms. Nguyen Kieu Oanh - Deputy Director of the Hanoi Department of Industry and Trade said that the situation of production and trading of counterfeit goods, infringement of intellectual property rights, unknown origin... in the area continues to develop complicatedly.
Activities taking advantage of e-commerce to produce, trade, transport prohibited goods, smuggled goods, goods of unknown origin, counterfeit goods, poor quality goods, infringements of intellectual property rights... tend to increase. See more...
