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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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To: delta7

All those expats looking to Vietnam for a cheap life should think twice.


21 posted on 09/10/2025 7:14:18 AM PDT by Ge0ffrey
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To: delta7

I remember BO musing about the trillions that Americans have in retirement accounts and how to redistribute it.


22 posted on 09/10/2025 7:15:03 AM PDT by Cowgirl of Justice
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To: delta7

1984 was just a warning of what was to come.


23 posted on 09/10/2025 7:17:00 AM PDT by CIB-173RDABN
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To: delta7

People want convenience in their financial transactions, and people want security. The online world is dangerous. I don’t know exactly what form the evolving safety protocols will take, but I do think they will continue to get tighter — and people will accept it because there are so many fraud victims around.

As we approach the endgame of total Borg surveillance, there is only one domain that the left will resolutely protect from any ironclsd monitoring. That, of course, is voting.

I recall the first time I encountered the new fingerprint check upon returning to the U.S. from abroad. Being politically oriented, my first thought was, “Cool. I wonder how long it will take for this technology to get cheap enough and easy enough to be routinized and deployed at polling places for voter id.”

My second thought was, “Dream on. At that point the dems will tell us that blacks, hispanics and Native Americans disproportionately don’t have fingerprints. Or retinal or iris patterns that could be scanned. Or DNA.”

That was a long time ago, but the dems have anticipated the problem and now sidestepped it by going for automatic and contactless voter registration, remote voting, and no verification system other than the superior Jedi mind powers of democrat hacks involved in the open ended vote counting and ballot curing scams that have replaced real elections.


24 posted on 09/10/2025 7:26:57 AM PDT by sphinx
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To: LouAvul

The difference is that a Vietnamese citizen literally cannot withdraw large sums without cause. That’s what I’m talking about.


25 posted on 09/10/2025 7:31:59 AM PDT by Chengdu54 (This is a time for which the 2nd Amendment was intended. )
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To: delta7

Try setting up a bank account without an address and an ID.
Can’t be done in the USA.
The only thing you CAN do in the USA without a valid ID is vote and drive.
Assuming you are not caught.


26 posted on 09/10/2025 7:34:33 AM PDT by Zathras
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To: delta7

Vietnam has erased and/or frozen 86 million unverified bank accounts.

Money laundering hit hardest.


27 posted on 09/10/2025 7:37:50 AM PDT by Vaduz
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To: Red Badger

Yep. Why I’m not a fan of biometrics. It’s the ultimate digital-ID, one that you can’t change. When banking, traveling, etc., are all tied to them, you can be controlled at an absolute level.

It’s anti-freedom, too much risk to trust governments with.


28 posted on 09/10/2025 7:43:27 AM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: delta7

That should be the moment for a shooting Civil War right there.

There is only one reason for perfected biometric control: totalitarianism.

Shoot the bastards dead now, Vietnamese people!

That is, if they refuse to step down after free and fair elections.

What, no free and fair elections in a communist dictatorship?

See what I mean?


29 posted on 09/10/2025 7:43:54 AM PDT by Uncle Miltie (The U.S spends 13 times (+1,200%) as much per year on Ukraine than it ever has on Israel.)
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To: delta7

HOW MANY BIDEN ACCOUNTS WILL BE AFFECTED???
JOE
JILL
HUNTER
JAMES
SARAH
BEAU—DOESN’T MATTER THAT HE IS DEAD
ASHLEY


30 posted on 09/10/2025 8:05:24 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: LouAvul

HUNDREDS OF BIDEN TRANSACTIONS DIDN’T GET THAT TREATMENT


31 posted on 09/10/2025 8:07:23 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: Cowgirl of Justice

BARRY & PELOSI SPOKE MANY TIMES ABOUT USING THE EXAMPLE OF ARGENTINA & TAKING SAVINGS & MONEY MARKET ACCOUNTS FROM CITIZENS.

ARGENTINA PULLED THIS STUNT 3 TIMES, IIRC.


32 posted on 09/10/2025 8:09:13 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: Vermont Lt
Caution ahead, for everybody. Whether or not it's true will depend if you can see it start to unfold when it comes to pass further. On gold, it's will probably be safest to have numismatic gold since it was exempt from confiscation in 1933. Right now there is very little premium on high grade slab gold coins vs confiscatable bullion.

.


33 posted on 09/10/2025 8:28:58 AM PDT by Karl Spooner
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To: Raycpa

Our government is way ahead of them. Every bank account can be traced to us. This has been true for decade
——————-
But their ability to instantly freeze your accounts and money with a computer stroke hasn’t been worked out, yet.

Oppose CBDC’s and electronic “ money” every way you can.


34 posted on 09/10/2025 8:36:50 AM PDT by delta7
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To: delta7

35 posted on 09/10/2025 8:40:26 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Chengdu54

The difference is that a Vietnamese citizen literally cannot withdraw large sums without cause.
——————
Spain now requires government approval to withdraw anything over $3,000 in cash.

“ Withdrawing large sums in cash is no longer possible in Spain without the government’s approval. Those withdrawing €3,000 or more must notify Spain’s tax agency, Agencia Tributaria, in advance. Withdrawals at or exceeding €100,000 require a 72-hour approval process, and the tax agency is requesting a 24-hour mandatory notification for any amount over €3,000.…”

https://www.armstrongeconomics.com/world-news/taxes/spain-limits-cash-withdrawals/


36 posted on 09/10/2025 8:40:34 AM PDT by delta7
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To: rlmorel

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

Saigon is successful. Hanoi, not so much.


37 posted on 09/10/2025 9:00:18 AM PDT by TexasGator (The 750 hp Florida Gnat)
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To: delta7

Not true the IRS can do that.


38 posted on 09/10/2025 9:11:30 AM PDT by Raycpa
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To: Cletus.D.Yokel
Or is it a way to expose and control the CIA cut-outs operating VN?
The CIA is NOT interested in an independent Vietnam.

Remind me again who won that war.

39 posted on 09/10/2025 9:49:32 AM PDT by Salman (It's not a slippery slope if it was part of the program all along.)
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To: delta7

Because Spain is a WEF minion, just like the rest of europe


40 posted on 09/10/2025 9:54:49 AM PDT by jpp113
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