The State Bank of Vietnam published an update on the banking sector’s implementation of Project 06 and its joint plan with the Ministry of Public Security, highlighting the rollout of biometric matching against the National Population Database for customers transacting via digital channels and continued momentum in non-cash payments. Banks were instructed to collect and match biometric information for all personal and corporate payment accounts when registering for transactions on digital channels. As of 15 August 2025, the sector had biometrically matched more than 123.9 million individual customer files and over 1.3 million corporate files, covering 100% of payment accounts that generate digital-channel transactions; the update links this to a reduction of more than 59% in fraud cases and a 52% fall in accounts associated with fraud compared with the pre-matching period. The National Credit Information Centre and the Ministry of Public Security’s C06 completed six offline data-matching rounds covering around 57 million customer records, while adoption of chip-based Citizen ID card authentication and VNeID expanded across credit institutions and payment intermediaries. Over the first seven months of 2025 versus the same period in 2024, non-cash transactions rose 44.40% by volume and 25.04% by value, with QR code payments up 66.73% by volume and 159.58% by value, while ATM transactions fell 15.83% by volume and 4.97% by value. In connection with a Prime Ministerial directive on making commemorative gift payments around National Day, the central bank instructed banks and foreign bank branches to keep payment systems operating safely and continuously on a 24/7 basis and adjusted the operating schedule of the interbank electronic payment system over the holiday period. The update also reports 32 entities linked with VNeID to support welfare payments, comprising 28 banks and foreign bank branches and four payment intermediaries (VNPT Money, Mobifone Money, Viettel Money and MoMo).
State Bank of Vietnam 2025-09-05
State Bank of Vietnam reports full biometric matching of digital-channel payment accounts and 44% growth in non-cash transactions
The State Bank of Vietnam reported progress on Project 06, highlighting biometric matching against the National Population Database for digital transactions, significantly reducing fraud. By mid-August 2025, over 123.9 million individual and 1.3 million corporate accounts were biometrically matched, covering all digital transactions. Non-cash transactions rose significantly, ATM transactions declined, and 32 entities, including banks and payment intermediaries, linked with VNeID to support welfare payments.