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Vietnam Erases 86 Million Bank Accounts – The Great Reset in Motion
Armstrong Economics ^ | 10 Sep 25 | Martin Armstrong

Posted on 09/10/2025 6:25:29 AM PDT by delta7

Vietnam has erased and/or frozen 86 million unverified bank accounts as the nation surrenders to the globalist Great Reset. Anyone wishing to function in society must surrender their biometric data to maintain a bank account. The State Bank of Vietnam (SBV) claims that the measure was a system cleanup aimed at preventing fraud. In actuality, the measure is one step closer toward a national ID system that enables the government to control its citizens’ every move.

“This is a data-cleansing revolution,” said Pham Anh Tuan, Director of the Payment Department. “While the total number of bank accounts remains 200 million, by September 2025, once the legal framework is complete, all accounts without biometric data will be closed to prevent scams and fraud. After seven years of promoting non-cash payments, we are moving toward real efficiency.”

Vietnam recently implemented a nationwide digital ID (e-ID) system called VNeID that requires both citizens and foreign residents to surrender to the matrix and permit the government to store their personal information in a centralized database. Fingerprints, facial biometric data, photographs, passports, nationality, criminal records, and even medical records will be stored in the government database. Participation is not optional.

Digital ID 2

Project 06 launched in January 2022, hailed as a technological revolution to digitize the country. Project 06’s full name is the “Project on Developing Data Applications on Population, Identification, and Electronic Authentication to Serve National Digital Transformation in the 2022-2025 Period (Vision 2030),” which aligns entirely with the World Economic Forum’s plans for the Great Reset. The concept has been sold to the people as a convenience measure, but in truth, the aim is centralized, unrestrained control over the entire population.

Everything from banking to renting an apartment is linked to the digital ID. One wrong move and the government can completely erase someone from the system. One glitch in the power grid and the nation will come to a standstill. The Vietnamese government has the power to halt a person’s life instantaneously.

High-level Vietnamese officials met in Davos in January 2025, and shortly after, began voicing concern for bank accounts that were unverified through biometric data. Vietnam has been actively seeking OECD membership and signed a Memorandum of Understanding, citing that Project 06 will enable the nation to meet the OECD’s guidelines for regulatory reforms. Vietnam was one of the last nations disconnected from the Automatic Exchange of Information (AEOI) that requires members to share banking information under the pretense of preventing tax evasion.

Vietnam signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC) with the OECD in March 2023, enabling automatic exchange of tax and financial information with over 146 jurisdictions. In early 2025, shortly after Davos, Vietnam joined the Multilateral Competent Authority Agreement (MCAA) for Country-by-Country Reporting (CbCR), broadening its commitment to AEOI and international tax transparency. In February 2025, Vietnam activated CbCR exchange relationships with 29 jurisdictions including the entire European Union.

Globalist entities defy democracy and demand the complete surrender of national sovereignty under the belief that the world population must be controlled by one centralized force. The majority of world leaders have willingly surrendered, unaware of the full extent of power a small unelected few will yield if the Great Reset succeeds.


TOPICS:
KEYWORDS: biometricdata; commiesgottacommie; darknesshascome; darknessisfalling; oecd; policestate; vietnam
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Don’t think this can’t ever happen here in the US….remember senile Joe and his bunch?
1 posted on 09/10/2025 6:25:29 AM PDT by delta7
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To: delta7

People wonder why Bitcoinis a “thing.”

This is why.


2 posted on 09/10/2025 6:27:06 AM PDT by Vermont Lt
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To: delta7; bitt; thinden; RitaOK; AFB-XYZ

” In actuality, the measure is one step closer toward a national ID system that enables the government to control its citizens’ every move. “

Or is it a way to expose and control the CIA cut-outs operating VN?
The CIA is NOT interested in an independent Vietnam.


3 posted on 09/10/2025 6:29:56 AM PDT by Cletus.D.Yokel (There are no more conspiracy theories, only questions that further the truth.)
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To: delta7

And we still get people who insist that Vietnam is a great example of a successful communist society.

I guess it’s true if “successful“ is defined as someone who doesn’t have, or doesn’t want a bank account, or is a party member.


4 posted on 09/10/2025 6:31:06 AM PDT by rlmorel (Factio Communistica Sinensis Delenda Est.)
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To: delta7

How could anyone forget?!


5 posted on 09/10/2025 6:31:22 AM PDT by No name given ( Anonymous is who you’ll know me as )
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To: delta7

Charlie is alive and well.


6 posted on 09/10/2025 6:32:51 AM PDT by ImJustAnotherOkie
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To: delta7

Biometric Data...........


7 posted on 09/10/2025 6:35:33 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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Comment #8 Removed by Moderator

To: delta7

Misleading and exaggerated article. People still have bank accounts and still rent apartments. Bank account withdrawals are regulated, in that one can’t withdraw large amounts of cash without documented reason. No, I don’t want this in the U.S., but Vietnam doesn’t deserve this sort of bashing.


9 posted on 09/10/2025 6:38:14 AM PDT by Chengdu54 (This is a time for which the 2nd Amendment was intended. )
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To: ImJustAnotherOkie

Yep, Charlie never went away. Sneaky little bastards.


10 posted on 09/10/2025 6:44:07 AM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: laplata

Varmint Cong!


11 posted on 09/10/2025 6:45:01 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Chengdu54

Misleading and exaggerated article
——————-
Re-read the article again ( and again) until you fully comprehend it.


12 posted on 09/10/2025 6:46:28 AM PDT by delta7
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To: Chengdu54

Gasp. Are you saying that a conspiracy nut would lie?


13 posted on 09/10/2025 6:50:21 AM PDT by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: rlmorel

“Vietnam is a great example of a successful communist society.”

Vietnam is more capitalistic than most societies as the poverty led all the people to start their own businesses to survive. I traveled Vietnam and it appeared that everyone was in business for themselves.


14 posted on 09/10/2025 6:50:31 AM PDT by tired&retired (Blessings )
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To: delta7

Our government is way ahead of them. Every bank account can be traced to us. This has been true for decades.


15 posted on 09/10/2025 6:53:32 AM PDT by Raycpa
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To: All

This will happen here. You’ll vote for it to keep from the increased street crime you also voted for.
Not us personally but many states and stupid p people.


16 posted on 09/10/2025 7:03:16 AM PDT by Karliner (Heb 4:12 Rom 8:28 Rev 3, "...This is the end of the beginning." Churchill)
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To: delta7

State Owned, we let the Communist state take over there.


17 posted on 09/10/2025 7:04:34 AM PDT by WhiteHatBobby0701
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To: delta7
https://www.biometricupdate.com/202407/vietnams-digital-identity-transformation-taking-shape

Digital transformation is progressing in Vietnam as the country’s government pursues “Project 06” to modernize its economy and public services. The new national identity system is a cornerstone of the digital transformation plan, which includes civil registration, digital ID and authentication.

A Vietnam Briefing news report says that to enable interactions with public sectors, Vietnam is set to launch digital identity cards that will be added to the VNeID mobile app. These digital IDs were introduced in July with a view of supporting various public sector services. Vietnamese citizens must have the national e-identification VNeID app on their phone and be enrolled in level 2 which includes facial photos together with fingerprint biometrics. Level 1 accounts may be established through the mobile app while level 2 applications require an applicant’s presence at either a Ministry of Public Security MPS or provincial police office for verification.

This digital ID system will also assimilate health and social insurance cards, driving licenses, and birth certificates, thereby increasing convenience and security. Furthermore, users can disable ID to secure it but the government can also terminate an account due to violation of its terms.


Human lives…all wrapped up in nice little digital packages.

18 posted on 09/10/2025 7:07:10 AM PDT by yelostar (AI will be the scapegoat when the SHTF. )
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To: yelostar
Also from the article..

The government of Vietnam is in the process of digitalizing its operations through Project 06, which will require the collection of complete biometric data such as facial recognition, fingerprints, iris scanning, voice recording, and DNA for digital identity cards that are needed to access services like online financial transactions and diagnostic medical services.

19 posted on 09/10/2025 7:12:46 AM PDT by yelostar (AI will be the scapegoat when the SHTF. )
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To: Chengdu54
one can’t withdraw large amounts of cash without documented reason. No, I don’t want this in the U.S.

Whaddya talking 'bout? You deposit or withdraw any amount of cash $10K or above and it gets reported to the Feds. If you consistently deposit or withdraw an amount of cash just under the 10K marker and it's going to get reported. It's already in the US.

20 posted on 09/10/2025 7:13:07 AM PDT by LouAvul (1 John 2:22: Who is a liar but he that denieth that Jesus is the Christ? He is antichrist.)
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