DigitalID 86 million bank accounts deleted

Summary: Vietnam DigitalID 86 million bank accounts deleted of ‘Non-Compliant’ Citizens Who Refuse Digital ID.

This topic revolves around a controversial move by the Vietnamese government, set to take effect in September 2025, to close or freeze approximately 86 million bank accounts deemed “unverified” or “inactive.” These accounts lack biometric authentication (e.g., facial recognition or fingerprints). The State Bank of Vietnam (SBV) justifies the action as a cleanup effort to combat fraud, money laundering, and cybercrime—Vietnam currently has around 200 million accounts, with nearly 90% of adults holding at least one. The initiative is part of a broader digitalization push promoting cashless payments, which in 2024 facilitated transactions worth over $11.57 trillion.

Critics, particularly from the Bitcoin community and conspiracy circles, view it as a step toward the “Great Reset” orchestrated by global elites: The account closures force citizens to adopt the national Digital ID system, VNeID, which stores biometric data (fingerprints, facial scans, passport details, medical records) in a centralized database. Everything from banking to renting housing becomes tied to it, enabling the government to exclude “non-compliant” individuals from the system. Project 06, launched in 2022, drives this “technological revolution” and aims for 80–90% digital identities by 2030. Social media discussions frame it as a warning against totalitarian control, with calls to use Bitcoin as an alternative to state-controlled fiat currency.

Reporting ranges from neutral Vietnamese sources (e.g., Vietnam+) to alarmist Western media linking it to global trends in the EU or UK. There are no reports of mass protests, but skepticism over data security is growing.

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