to fight money laundering and terrorist financing.

Deputy Prime Minister Vuong Dinh Hue, head of the committee, chaired the function.

Deputy Prime Minister Vuong Dinh Hue, speaks at a meeting in Hanoi to discuss activities serving the Asia-Pacific Group on Money Laundering (APG)’s upcoming mutual evaluation of Vietnam’s mechanism to fight money laundering and terrorist financing. VNA/VNS Photo Duong Giang

Members of the committee heard a report from the State Bank of Viet Nam (SBV) on the progress of preparations for the evaluation session, which is scheduled by APG for November 4 – 15 this year.

The report also envisaged potential results of the assessment and recommended urgent actions for relevant ministries and sectors to tackle their current shortcomings.

Deputy PM Hue highlighted the importance of the evaluation and its impact on Vietnam’s politics, economy and society as a whole.

He requested ministries, sectors and members of the committee to focus on carrying out the urgent activities decided at the meeting. They were also tasked with collaborating with the SBV in terms of resources to complete the preparation by the end of October.

Vietnam became the 34th member of APG in May 2007.

VNS