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State Bank goes after counterfeit currency

The State Bank of Vietnam (SBV) has approved a project to prevent the circulation of counterfeit money.
The 10 billion VND (500,000 USD) two-phase project will also help raiseawareness among the public about security features on bank notes and howto identify counterfeit money. In the first phase from2010 to 2012, the project will focus on training banking staff,producing documents on the issue and conducting surveys.
In the second phase from 2013 to 2015, the project will provide furthertraining to banking staff as well as treasury accountants and cashiers. The project will also be broadcast through the mass media, withinstructions on what to do if someone passes fake money and the methodscounterfeit money dealers use to help prevent circulation in banks andthe market.

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Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

Maximum fine of 3,000 USD proposed 🍒for violat💫ing invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

 Sun PhuQuoc Airways enters strategic partnership wi꧒th Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

Banks acওcelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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