Under the new regulations established by Decree 340/2025, which will come into effect on February 9, 2026, individuals in Vietnam could face fines of up to 250 million VND for unauthorized bank transactions. This decree aims to tighten regulations surrounding payment accounts and impose stricter penalties for violations.

Specific offenses that could lead to fines include buying, selling, renting, or borrowing payment accounts, as well as using false identification to open or operate such accounts. For violations involving fewer than ten accounts, fines will range from 100 to 150 million VND. However, for violations involving ten or more accounts, the fines increase to between 150 and 200 million VND.

The highest penalties, ranging from 200 to 250 million VND, will be applied to serious violations such as maintaining anonymous accounts, using accounts for illegal gambling or fraud, and failing to fulfill obligations to payment acceptance units. In addition to monetary fines, violators may be required to return any illicit gains obtained from these violations to the state budget.

As these regulations come into play, it is crucial for individuals to manage their bank accounts responsibly and refrain from engaging in any illegal activities involving their accounts. This includes avoiding the buying, selling, or renting of accounts or account information, and ensuring that all transactions are legal and compliant with the law.