BIDV

Vietnamese authorities have escalated enforcement against illegal bank account use, with fines up to VND 500 million and prison terms up to 7 years under Decree 340/2025/NĐ-CP and the Penal Code. This regulatory tightening directly affects major banks including Vietcombank (VCB), ACB, BIDV, and VPBank (VPB), requiring enhanced compliance systems to monitor and report suspicious transactions, potentially increasing operational costs while reducing fraud-related risks.