Recently in Hạ Long, Quảng Ninh, the authorities discovered more than 200 thousand yuan, equivalent to 31 thousand USD that was illegally transferred to foreign countries without going through any banks or intermediary organizations in Vietnam. All these transactions were carried out by illegal Point of Sales machines (POS) that were brought into Vietnam from abroad. These POS machines can carry out money transfers and payments from anywhere with just a 3G phone sim.
This case is one example of some of the loopholes in the management of payment activities by foreigners in Vietnam.
