Vietnam Announces Cleanup of 86 Million Unverified or Inactive Bank Accounts

Voice of Vietnam reported on 18 July 2025 that banks were expected to delete more than 86 million accounts from 1 September as part of an anti-fraud cleanup. The accounts had not been biometrically authenticated or had been inactive for a long time; the central bank said about 113 million personal accounts remained valid. The plan made biometric verification and account activity part of deciding which bank accounts would remain open.