Transactions valued at VND 400 million are subject to reporting From December 1

On April 27, 2023, the Prime Minister issues Decision No. 11/2023/QD-TTg on high-value transactions subject to reporting and these regulations take effect on December 1, 2023.

To be specific:

- The value level of high value transactions subject to reporting is VND 400,000,000 (four hundred million) or more.

Transactions valued at VND 400 million
Transactions valued at VND 400 million are subject to reporting From December 1 (Illustration)

This Decision prescribes the level of high-value transactions reported to the State Bank of Vietnam. Financial institutions, related organizations, and individuals engaged in non-financial business lines.

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