Hanoi (VNA) - The State Bank of Vietnam (SBV) announced on September 5 that 32 institutions have linked with the VNeID electronic identification platform to support the distribution of gifts and social welfare payments delivered on the occasion of the 80th anniversary of the August Revolution and National Day.
The list includes 28 banks such as VietinBank, BIDV, Vietcombank, Agribank, Techcombank, VPBank, MB and HDBank, along with four e-wallet and intermediary payment providers -VNPT Money, Viettel Money, MobiFone Money and MoMo.
These organisations have assisted citizens in opening accounts, linking IDs and registering for welfare accounts to ensure convenient and secure distribution.
In line with the Prime Minister's Dispatch No. 149/CĐ-TTg issued on August 28, the SBV has instructed the banking system and intermediaries to guarantee uninterrupted 24/7 payments during the holiday.
The interbank payment system was adjusted to run continuously, while units were told to coordinate with the State Treasury and local authorities to ensure smooth cash flows.
As of August 15, 2025, biometric cross-checking had been completed for 123.9 million personal and 1.3 million organisational records, covering all accounts with digital transactions. Fraud cases fell 59% and scam-linked accounts dropped 52% compared to previous periods.
The National Credit Information Centre (CIC), working with the Ministry of Public Security, completed six rounds of offline data cleansing involving 57 million customer records.
At present, 63 credit institutions and foreign bank branches use chip-ID verification at counters; 57 credit institutions and 39 intermediaries apply chip-ID verification via mobile apps; and 32 banks along with 15 intermediaries use VNeID directly.
Cashless payments continue to grow strongly. In the first seven months of 2025, QR code transactions surged 66.7% in volume and 159.6% in value, internet payments rose nearly 50%, while ATM withdrawals fell 15.8%, reflecting a steady shift from cash to digital payments./.
VNA
