East Asia & Pacific · GDP rank #30

Vietnam

VN · VND @ 0.0000379/USD

Tab 06

Fraud & security

Headline fraud totals and typology splits, the rollout of EMV chip, tokenisation, 3DS and biometrics, and the controlling data-protection and payments statutes.

SBV-mandated biometric face-ID for transactions > VND 10m (US$400) from July 2024 has materially reduced ATO; APP fraud continues to rise.

Reported payment fraud · 2024

2100.0B VND +38% vs prior year

Card-not-present share

72%

3DS adoption on CNP

90%

Trend lines

What's growing fastest

Where a full typology breakdown is not published, the authorities typically disclose year-on-year growth in specific scam categories. Authorised push-payment (APP) scams and account-takeover fraud are the canonical “wallet era” concerns in most markets.

  • Card-not-present share72%
  • APP scam growth YoY+56%
  • Account takeover growth YoY+22%

Controlling regulation

Personal Data Protection Decree 13/2023

Vietnam's GDPR-inspired framework effective July 2023; Ministry of Public Security is supervisory authority.

Ministry of Public Security, Vietnam

SBV Circular 17/2024 — Biometric Authentication

Mandatory face-ID on transactions > VND 10m effective 1 July 2024.

State Bank of Vietnam (SBV)