Require biometric authentication for new business transactions.

VTV.vn - From March 1st, according to Circular 77 of the State Bank of Vietnam, businesses and organizations established less than 12 months ago will have to verify their identity using biometrics...

The State Bank of Vietnam warns that high-tech crimes are becoming increasingly sophisticated, exploiting "ghost" corporate accounts combined with deepfake technology and malware to commit fraud. In response to this situation, Circular 77/2025/TT-NHNN (effective from March 1, 2026) supplements a series of measures to tighten authentication for high-risk institutional customers.

Circular 77 has four notable new points: Expanding the scope of regulation to comprehensively cover the digital ecosystem; strengthening authentication for high-risk institutional customers; standardizing technical security requirements according to international standards; and enhancing the self-defense capabilities of Mobile Banking applications.

A key highlight is the tightening of authentication for institutional customers. According to Circular 77 of the State Bank of Vietnam, businesses and organizations established less than 12 months ago will have to authenticate using biometrics or secure electronic signatures when transactions exceed 50 million VND or when total daily transactions exceed 100 million VND.

This regulation was issued in the context of rising high-tech crime, which exploits "ghost" business accounts, deepfakes, and malware to commit fraud.

The circular also strengthens security requirements for mobile banking applications, mandating security vulnerability control, detection of unauthorized access devices, and raising biometric standards to international standards, contributing to ensuring the safety of the banking system.

According to a report by the State Bank of Vietnam, as of December 26, 2025, the banking sector had over 143 million individual customer files (CIFs); and over 1.5 million institutional customer files with payment accounts whose biometric information had been verified via chip-embedded citizen identification cards (CCCD) or the VneID application.

Source: https://vtv.vn/yeu-cau-xac-thuc-sinh-trac-hoc-voi-giao-dich-doanh-nghiep-moi-100260115052317295.htm