Vietnam Shuts Down Millions of Bank Accounts Over Biometric Rules

Longtime Slashdot reader schwit1 shares a report from ICO Bench: As of September 1, 2025, banks across Vietnam are closing accounts deemed inactive or non-compliant with new biometric rules. Authorities estimate that more than 86 million accounts out of roughly 200 million are at risk if users fail to update their identity verification. The State Bank of Vietnam has also introduced stricter thresholds for transactions: - Facial authentication is mandatory for online transfers above 10 million VN...