Vietnam

VN · VNM · Asia-Pacific

3 regulators · 14 laws & regulations · 3 obligations

Obligation	Timing	Regulator	Arises from	Source
All industries
Collect and update beneficial ownership information	Ongoing; kept up to date	—	Luật Phòng, chống rửa tiền số 14/2022/QH15 (Law No. 14/2022/QH15 on Anti-Money Laundering)	source
Art. 21(2) requires legal persons to collect, update and keep their own basic information, including beneficial owners, while Art. 21(1) requires registration and licensing authorities to hold the same data. Art. 22(1)(a) requires trustees to record the settlor, trustee and beneficiaries and the person with ultimate control. Reporting entities identify beneficial owners under Art. 10(2).
Banking
AML record retention	Retention period 5 years	—	Luật Phòng, chống rửa tiền số 14/2022/QH15 (Law No. 14/2022/QH15 on Anti-Money Laundering)	source
Art. 38(2)(a) requires CDD records, analyses and related documents to be kept for 5 years from the end of the transaction, account closure or report date. Art. 38(2)(b) sets 5 years from the transaction date for reports under Arts. 25, 26 and 34.
Information-system safety and business continuity for credit institutions	Ongoing	SBV	Luật Các tổ chức tín dụng số 32/2024/QH15 (Law No. 32/2024/QH15 on Credit Institutions)	source
Art. 14 requires credit institutions and foreign bank branches to ensure information-system safety, data security and continuous operations, with details left to the Governor of the State Bank and other law. Art. 34(2)(d) makes a suitable IT system a licensing condition.
No obligations match these filters.