Vietnam Mandates Biometric Authentication for Corporate Transfers July 1

Vietnam banking security Circular 77 biometric authentication transaction limits corporate accounts

The State Bank of Vietnam’s Circular 77/2025/TT‑NHNN, which tightens online transaction security, takes effect on July 1. It requires corporate customers to use facial‑recognition combined with OTP for any transfer of VND 10 million or more per transaction, or VND 20 million in total per day for micro‑enterprises. Higher thresholds apply to larger firms, with VND 50 million per transaction or VND 100 million per day needing direct approval and biometric verification by the legal representative. The rule also covers invoicing over VND 100 million and all international transfers.

Banks such as TPBank, ABBank and ACB are reconfiguring their digital platforms: separate user roles must be created for transaction initiation and approval, and previously all‑privilege accounts will be disabled. Enterprises must update their representatives’ biometric data and adjust account permissions promptly to avoid payment disruptions.

The change aims to strengthen asset protection and ensure smooth cash flow for businesses operating under the new authentication framework.

Sources

Thay đổi về giao dịch chuyển khoản từ 10 triệu đồng chính thức có hiệu lực từ ngày 1/7 [soha.vn]

27 days ago

Thay đổi về giao dịch chuyển khoản từ 10 triệu đồng chính thức có hiệu lực từ ngày 1/7 [kenh14.vn]

28 days ago