Vietnam’s great banking clean-up is only the beginning

Vietnamese banks started deleting more than 86 million bank accounts last September. Of the roughly 200 million accounts on the country’s books, only 113 million personal accounts and some 711,000 organizational ones survived the biometric verification requirements introduced by the State Bank of Vietnam (SBV). The rest, close to 43% of the total, were dormant, […]

The post Vietnam’s great banking clean-up is only the beginning appeared first on Asia Times.

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