Vietnam studies pilot system to trace cash flows in fraud cases
Ho Chi Minh City, Nov. 6 -- As Vietnam is widening its digital finance defence beyond blocking cyberattacks, the new priority is detecting fraud early, tracing stolen cash and clawing it back. Col. Nguyen Ba Son, Deputy Director-General of the Ministry of Public Security's Department of Cyber Security, disclosed the push at the Vietnam Digital Financial Security Forum 2026 held in Ho Chi Minh City on November 6. Son said the ministry had held a working session with the State Bank of Vietnam (SBV) three days earlier to discuss a pilot system to reconcile and trace cash flows tied to fraud and asset appropriation, aiming to improve recovery and minimise victim losses. The approach matters because fraud moves fast, with stolen funds passing ...
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