![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Vietnam mandates biometric verification for many online transactions
Bank customers must provide face or fingerprint ID for transactions over $393
![State Bank of Vietnam, Hanoi State Bank of Vietnam, Hanoi](/sites/default/files/styles/landscape_750_463/public/2023-12/EDITORIAL%20USE%20ONLY%20State%20Bank%20of%20Vietnam%2C%20Hanoi%20Getty%20662300704.jpg.webp?h=915f5f0d&itok=afVa6q4Y)
The State Bank of Vietnam (SBV) has made biometric verification mandatory for online transactions exceeding 10 million dong ($393).
The Vietnamese central bank decided to impose the new rule in December last year to combat fraud and cyber crime, and it took effect from July 1.
Bank customers are now not only required to provide biometric authentication to make online transactions that are over 10 million dong, but also provide verification when they make their first online transactions or when
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com