Authorities in Tay Ninh province have issued a warning that bank accounts will be frozen if any unauthorized transactions are detected. This announcement comes amid rising concerns over the buying, selling, and renting of bank accounts, which has become increasingly complex and problematic.

According to the Tay Ninh police, individuals, particularly students and workers, are being lured into opening bank accounts and providing personal information in exchange for small sums of money. This practice is not only illegal but also poses significant risks, as these accounts are often used for fraudulent activities, money laundering, and other criminal enterprises.

Under the new government decree effective from February 9, 2026, individuals found guilty of buying, selling, or renting bank accounts could face fines ranging from 100 million to 200 million VND, depending on the number of accounts involved. If the actions are deemed criminal, offenders could face up to seven years in prison and fines of up to 500 million VND for illegally trading bank account information.

The Tay Ninh police emphasize that the person whose name is on the bank account is responsible for managing and using it legally. Even if individuals believe they are merely lending or renting out their accounts, they can still be held accountable if their accounts are used for illegal transactions.

To protect themselves, the police advise the public to refrain from buying, selling, or renting bank accounts. They also recommend that individuals do not share their identification, phone numbers, OTP codes, or banking login information with others. Furthermore, people should avoid receiving or transferring money for unknown individuals and report any suspicious offers related to bank accounts to the nearest police station.