One of the most effective channels for laundering money in Vietnam is through the real estate and securities markets, one official said.
Nguyen Duc Kien, Vice Chairman of the National Assembly’s Committee for Economics, made the statement during an interview on the issue with DTiNews outside the NA meeting on May 22.
How serious a problem is money laundering in Vietnam?
It is a growing problem, and one that is inevitable. But it hasn’t reached the levels that can be seen in some other countries. One of the most obvious ways of money laundering in Vietnam is conducted through real estate and securities transactions.
How exactly do money launderers use these markets?
They put their money into shares of companies. After privatisation shareholders often collect dividends. They can then claim this as legal income.
Detailed interview link: here