The Government issued Decree No. 340/2025/ND-CP regulating penalties for administrative violations in the monetary and banking sectors, effective from February 9, 2026.
The Decree stipulates warning penalties for the following acts: Buying and selling foreign currency between individuals, buying and selling foreign currency at organizations where foreign currency is not allowed to be exchanged but foreign currency purchased and sold is worth less than 1,000 USD.
With the same act, foreign currency purchased and sold with a value of 1,000 to less than 10,000 USD shall be fined from 10-20 million VND; value from 10,000 to less than 100,000 USD shall be fined from 20-30 million VND; value from 100,000 USD or more shall be fined from 80-100 million VND.
A fine of 200-250 million VND shall be imposed for one of the following violations: Buying and holding shares of other credit institutions not in accordance with regulations, exceeding the limits prescribed by the State Bank of Vietnam; contributing capital, buying, receiving and transferring shares of credit institutions not in accordance with regulations.
Regarding receiving deposits, the Decree stipulates penalties for violations of regulations on receiving deposits from 20-150 million VND. In which, the act of receiving deposits and paying deposits not in accordance with procedures according to the provisions of law is fined 20-40 million VND; the act of receiving deposits from incorrect subjects according to the provisions of law is fined 100-150 million VND.
A fine of 10-20 million VND is imposed for the act of listing capital mobilization interest rates, unclear service provision fees, causing confusion for customers. For the act of applying capital mobilization interest rates, service provision fees not at the listed level, the fine is 20-40 million VND.
For violations of regulations on buying and selling corporate bonds, the Decree stipulates a fine of 15-30 million VND for the act of not monitoring and supervising the use of money collected from bond issuance of enterprises.
The act of not using non-cash payment services when making payments in bond trading activities is fined from 30-50 million VND.
A fine of 100-150 million VND shall be imposed for one of the following violations:
- Not appraising corporate bonds to consider the decision to buy corporate bonds;
- Buying corporate bonds issued with the following purposes: restructuring the debts of the issuing enterprise; contributing capital, buying shares in other enterprises; increasing the scale of operating capital;
- Foreign bank branches purchase convertible bonds, bonds with warrants;
- Selling corporate bonds to its own subsidiaries, unless the credit institution is the party receiving the mandatory transfer to sell corporate bonds to a commercial bank that is required to transfer;
- Buying corporate bonds that the issuing enterprise has changed the purpose of using money collected from bond issuance according to the provisions of law before the time the credit institution bought bonds, but the bond issuing enterprise is not ranked at the highest level according to the internal credit rating regulations of the credit institution at the most recent time.
The Decree clearly states that the fine level specified above is the fine level applied to individuals; the fine level applied to organizations with the same administrative violation is 2 times the fine level applied to individuals.
