Banks collaborates with armed forces to fight money counterfeiting crimes

PSNews - The Department for Fiscal, Monetary, Investment Security (General Department of Security, Ministry of Public Security) on October 25 signed a tri-party coordination mechanism on preventing money counterfeiting crimes with the Issue and Vault Department of the Vietnam State Bank and the Drug-Related Crime Prevention and Combat Department under the Border Guard Command.

Over the past years, the situation of the money counterfeiting crimes has become more complicated in Vietnam, especially along the borderline between Vietnam and China.

At the signing ceremony.
At the signing ceremony.

Counterfeit Vietnamese currency, which is made in China with higher quality and more sophisticated technique and transported across the shared border into Vietnam, is harder to be distinguished with the naked eyes. So only officers at the border gate can have function devices and expertise to identify fake money. Due to big profits from the production, transportation and trade of counterfeit money, the crime has risen in terms of both number and complexity.

As an agency directly responsible for the protection of the Vietnamese currency, over the past years, the Vietnam State Bank has paid much attention to prevention and fight against criminal activities related to counterfeit money.

With the effective collaboration of the Ministry of Public Security, the Ministry of National Defense and other relevant agencies, the State Bank has obtained a number of significant achievements in the work.

However, in the current complicated context of fake money and in order to improve the efficiency of the fight against crimes relating to counterfeit money, the functional forces in the country should further promote cooperation.

The signing of the agreement on coordination regulations between the State Bank, and units of the Ministry of Public Security and the Ministry of National Defense.

Speaking at the signing ceremony, Major General Nguyen Khac Thanh, deputy head of the General Department of Security, asserted that monetary protection is a core part of the economic security, of which prevention and fight against money counterfeiting activities has been considered central.

"For many years, the General Department of Security and the police force at the central and local levels have deployed many measures and special projects to fight the money counterfeiting crime. The coordination mechanism will serve as a basis for the three units to better cooperate in the fight against money counterfeiting crimes," Major General Nguyen Khac Thanh said.

Meanwhile, Deputy Governor of the State Bank of Vietnam Dao Minh Tu, proposed that, in the coming time, subordinate units of the two ministries and State Bank of Vietnam should strictly implement the regulations and further concretize the contents and forms of coordination between the parties in the fight against counterfeit crimes by crafting specific action programs.

By Phung Nguyen

Other News

Comprehensive preparations underway for computer-based public security second-degree entrance examination

Comprehensive preparations underway for computer-based public security second-degree entrance examination

PSNews – Member of the Party Central Committee and Deputy Minister of Public Security Senior Lieutenant General Le Quoc Hung chaired a working session, on September 8, 2026, in Hanoi, with the Department of Training, functional units and People's Public Security (PPS) academies and schools regarding preparations for the 2026 Computer-Based Second-Degree Public Security Entrance Assessment Examination.

Executive Committee of the Public Security CPV Organization announces decision to inspect Dong Nai Provincial Police Party Committee

Executive Committee of the Public Security CPV Organization announces decision to inspect Dong Nai Provincial Police Party Committee

PSNews – Inspection and Supervision Team No. 07 of the Executive Committee of the Public Security CPV Organization, led by Member of the Standing Committee of the Executive Committee of the Public Security CPV Organization and Deputy Minister of Public Security Senior Lieutenant General Dang Hong Duc announced the decision and plan for the first phase of the 2026 inspection and supervision of the Dong Nai Provincial Police Party Committee, on the afternoon of September 9, 2026, in Dong Nai.

Deputy Minister Nguyen Ngoc Lam visits international fire safety and rescue exhibition

Deputy Minister Nguyen Ngoc Lam visits international fire safety and rescue exhibition

PSNews - Member of the Party Central Committee and Deputy Minister of Public Security Senior Lieutenant General Nguyen Ngoc Lam visited the 2026 International Exhibition on Techniques and Means of Fire Prevention, Fighting, and Rescue; Science & Technology Application and Digital Transformation in Fire Safety and Rescue; and Security and Safety Equipment (SECUTECH VIETNAM 2026), on the afternoon of September 9, 2026, in Hanoi.

MPS delegation attends opening of 2026 Conference of Global Public Security Forrum

MPS delegation attends opening of 2026 Conference of Global Public Security Forrum

Member of the Secretariat of the Central Committee of the Communist Party of China and Minister of Public Security Wang Xiaohong chaired the 2026 Global Public Security Cooperation Forum (Lianyungang) and the Conference to establish the International Alliance against Telecom and Online Fraud, on the afternoon of September 9, in Lianyungang City, Jiangsu Province, China.

CAND FC urged to develop to match its name

CAND FC urged to develop to match its name

PSNews — The Ministry of Public Security held a send-off ceremony on September 3 in Hanoi for the People’s Public Security Football Club (CAND FC) ahead of the 2026/27 season, while officially announcing the transfer of PVF-CAND Youth FC to Hung Yen FC.

Deputy Minister Nguyen Van Long chairs briefing conference on combating cybercrimes

Deputy Minister Nguyen Van Long chairs briefing conference on combating cybercrimes

PSNews - Member of the CPV Central Committee, Deputy Minister of Public Security and Head of the Ministry of Public Security’s Criminal Investigation Police Authority Senior Lieutenant General Nguyen Van Long chaired a briefing conference with police departments of northern provinces and centrally-governed cities on the prevention and control of crimes and law violations in cyberspace, on the afternoon of August 25, in Ha Noi.

Deputy Minister Dang Hong Duc pays respects to late Chinese Premier Zhu Rongji

Deputy Minister Dang Hong Duc pays respects to late Chinese Premier Zhu Rongji

A delegation of the Executive Committee of the Public Security CPV Organisation and the Ministry of Public Security (MPS), led by Member of the CPV Central Committee and Deputy Minister of Public Security Senior Lieutenant General Dang Hong Duc, visited the Chinese Embassy in Viet Nam on August 18 to pay respect to late Chinese Premier Zhu Rongji and sign the condolence book following his passing.