Enhancing internal control to prevent fraud in Vietnamese commercial banks Abstract

The internal control system plays a vital role in ensuring transparency, operational safety, and risk management within the banking sector. As Vietnam’s banking industry grapples with increasing challenges related to financial fraud and regulatory compliance, enhancing the effectiveness of internal controls has become imperative. This study analyzes the current state of internal control systems in Vietnamese commercial banks, explores the underlying causes of existing shortcomings, and proposes practical solutions for improvement. The analysis is supported by empirical data to provide a comprehensive assessment and actionable recommendations.