Hanoi, Aug. 14 -- Vietnam's banking sector has completed a comprehensive review and verification of all customer records, both individual and corporate, linked to payment accounts using digital channels. According to the State Bank of Vietnam (SBV), the process involved validating and updating more than 120.9 million individual records and over 1.2 million organisational accounts with biometric data obtained through chip-based ID cards or VNeID e-identification platform, ensuring 100% coverage for active digital payment accounts. The initiative not only standardises customer information but also significantly curbs fraud. Compared to pre-July 1, 2024 levels, fraud and theft cases involving individuals have dropped by 59%, while accounts r...