Hanoi, Oct. 6 -- The State Bank of Vietnam (SBV) announced that it has cleaned up 154 million bank accounts and flagged nearly 300,000 customers for suspected fraud, blocking transactions worth a combined 1.5 trillion VND (56.9 million USD). According to Director of the SBV's Information Technology Department Le Hoang Chinh Quang, as of September 2025, the central bank proposed cutting and simplifying 124 out of 298 administrative procedures, representing 41.6% of the total. This initiative has reduced processing time by hundreds of days and saved more than 7.6 billion VND in costs. The bank's Anti-Money Laundering Department, in cooperation with the Ministry of Public Security, scrubbed 154 million accounts and 36 million customer files ...