As per the inspection conclusion published on May 30, the State Bank of Vietnam’s Inspection Agency acknowledged that Eximbank has fundamentally complied with legal regulations in gold trading and buying and selling gold bullion as per the license granted by the State Bank. The bank has implemented reporting regulations, including gold bullion trading data and gold status reports, and adhered to regulations on anti-money laundering. Additionally, Eximbank has maintained proper documentation, invoicing, and tax declaration as per legal requirements.
However, Eximbank has been found to have certain administrative violations in its gold trading activities.
In response, Eximbank has proactively devised remedial measures: focusing on rectifying the issues highlighted in the inspection conclusion; conducting a comprehensive review and refinement of gold trading procedures to ensure compliance with current regulations; strengthening internal inspection and control; and providing retraining for relevant personnel to enhance compliance across the entire system.
Eximbank’s representative asserted: “The bank is committed to earnestly addressing these administrative violations. We are transparent and prioritize the interests of our customers and shareholders. We are also implementing initiatives to strengthen risk management and enhance the capabilities of our internal control and audit systems for improved effectiveness in bank governance.”
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