Vietnam

Identity Verification & KYC For Vietnam

Q: Is CCCD mandatory for all new KYC applications in Vietnam?

As of 1 January 2025, CCCD is the primary accepted ID document for new customer onboarding. CMND is no longer valid. Passport remains accepted for non-residents and cross-border transactions.

Q: What happens if a customer provides an expired CMND?

CMND cards expired before 1 January 2025 are invalid for KYC purposes. Request updated identification using CCCD or passport. Historical documents using CMND retain legal validity for record-keeping.

Q: What is enhanced due diligence (EDD) and when is it required?

EDD applies to high-risk customers, politically exposed persons, and FATF grey list-related exposure. Required under Law No. 14/2022/QH15 and SBV guidance. Includes structured risk assessment, additional beneficial ownership verification and documented rationale.

Q: What is the beneficial ownership (UBO) requirement under Decree 168/2025?

Enterprises must identify individuals owning 25%+ of charter capital or exercising control. UBO records must be maintained throughout operational lifetime plus 5 years post-dissolution and updated within 10 days of any change.

Q: What documents are required for Vietnamese business verification (KYB)?

Business Registration Certificate (BRC), Tax Identification Number (MST), and beneficial ownership records under Decree 168/2025. Digital certificates available via National Business Registration Portal (dangkykinhdoanh.gov.vn).

Q: How long must customer records be retained?

Minimum 5 years from transaction completion date, account closure date or reporting date under Law No. 14/2022/QH15. Includes customer identification records, CDD results, transaction analysis and all supporting evidence.

Q: What is FATF grey list and how does it affect compliance?

Vietnam remains on Financial Action Task Force grey list (Jurisdictions Under Increased Monitoring). Enhanced scrutiny applies to all transactions; requires heightened documentation, beneficial ownership monitoring and regulatory examination preparedness.

Q: What causes onboarding drop-off in Vietnam?

CMND/CCCD mismatches, address proof exceptions, informal sector documentation gaps and name disambiguation (particularly Nguyễn surname matches) are common friction points. Retries typically required for approximately 15–20% of submissions.

Shufti delivers KYC, KYB, and AML screening aligned to Anti-Money Laundering Law No. 14/2022/QH15, FATF grey list obligations, and SBV regulatory expectations for Vietnam.

Operational performance for Vietnam KYC

Our Numbers Speak Volumes

99.74%

Pass rates

< 5 sec

Verification
Time

50%

EIDV
Verification

Evidence-Ready Checks Across People & Businesses

Individual Documents We Verify

Shufti supports 18 Vietnamese document types.

View All Supported Documents

Căn Cước Công Dân (CCCD)

Chip-based citizen identity card; primary domestic ID issued for life. Two-language display (Vietnamese and English); electronic signature capability enables eIDV integration and modern KYC workflows.

Hộ Chiếu

Vietnamese passport; standard 32-page booklet with biographical data page in Vietnamese and English. Includes machine-readable zone (MRZ) and photo; accepted for cross-border and international transaction verification.

Giấy Phép Lái Xe

Driver's licence issued under Road Traffic Law 2024. Includes photo, date of birth, licence class, and validity period; accepted as secondary ID for individuals in banking and financial services onboarding.

Chứng Minh Nhân Dân (CMND)

Old national ID format. No longer valid as of 1 January 2025. Do not accept CMND for new KYC applications; transition to CCCD is mandatory for current customer onboarding.

Business Entity Identity

Giấy Chứng Nhận Đăng Ký Doanh Nghiệp

Business Registration Certificate (BRC) or Enterprise Registration Certificate (ERC). Confirms legal entity status, business activities, charter capital, and representative details. Available in digital format through the National Business Registration Portal.

Business Tax Identity

Giấy Chứng Nhận Đăng Ký Thuế / Mã Số Thuế

Tax Registration Certificate or Tax Identification Number (TIN). 10-digit code for parent entities; 13-digit code (10 + 3-digit subsidiary identifier) for subsidiaries. Essential for identifying entities, validating tax compliance, and confirming operational status.

Ownership & Control (UBO)

Beneficial Ownership Records (Decree 168/2025; effective 1 July 2025)

Mandatory for entities; identifies individuals owning 25%+ of charter capital or exercising operational control. Enterprises must maintain, update, and retain UBO records throughout operational lifetime plus 5 years post-dissolution.

Languages We Cover

Vietnamese Script And Diacritics

Vietnamese uses the Latin alphabet with diacritical marks essential for correct name and address representation. Shufti preserves diacritical marks in native language fields while ensuring MRZ-compatible transliteration for travel documents and international compliance.

Name Matching And Disambiguation

Approximately 40% of the Vietnamese population shares the surname Nguyễn; combined with shorter given names and the cultural practice of using the given name alone, identity verification presents disambiguation risk. Shufti implements full legal name capture and handles equivalent name format variations.

Evidence Consistency Across Steps

Customer identification records, address verification, and business entity data reconciled across all document types and screening outputs. MRZ processing removes or transliterates diacritical marks (ă → A, ơ → O, đ → D, ê → E) to match international standards.

GOVERNANCE & CONTROLS

Audit-Ready Decisions, Lower Operational Drag

Fewer Avoidable Re-submissions

CCCD chip capture and diacritic handling reduce failure rates across Vietnam's identity document landscape and transition period friction.

Cleaner Audit
Trails

Structured KYC/KYB case files retrievable for SBV and government inspectorate compliance examinations and regulatory reporting.

Better Name Matching Outcomes

Handles Vietnamese diacritics, Nguyễn surname disambiguation and equivalent name format variations to reduce false positives in screening.

One workflow, one
back office

KYC, KYB, sanctions screening and AML case management consolidated in one system, reducing operational silos and cost per verification.

CCCD-First Flow Design

Adapted to Vietnam's primary ID landscape; electronic signature capability enables remote eIDV integration for digital-first onboarding.

Enterprise-grade compliance infrastructure

Vietnam IDV/KYC Challenges

CCCD/CMND Transition

Old CMND cards became invalid on 1 January 2025. Document age, validity verification and variant formats complicate batch identity verification and require active regulatory monitoring.

FATF Grey List Scrutiny

Vietnam remains on FATF grey list with expired remediation deadlines. Enhanced due diligence required for Vietnam-originated transactions, heightened beneficial ownership monitoring and additional documentation obligations.

Nguyễn Surname Prevalence

Approximately 40% of Vietnamese population shares surname Nguyễn. Combined with shorter given names and cultural use of given name alone, identity verification presents significant disambiguation risk in matching records.

Cash-Dependent Economy

Informal sector economic activity, small-merchant cash transactions and cross-border remittance flows via informal channels limit AML transaction visibility and detection of suspicious layering patterns.

Shufti’s IDV/KYC Solutions for Vietnam

KYC Solutions

Fast track customer onboarding and authentication with real-time identity verification solutions.

Face Verification

Reduces impersonation and synthetic identity risk. Vietnam's growing digital onboarding adoption makes biometric corroboration essential for remote KYC workflows and fraud detection aligned to SBV guidance.

Age Verification

Selfie-based age estimation with document verification fallback where required. CCCD and passport data capture enable multi-modal age verification for regulated products and financial services onboarding.

Address Verification

Verifies address-bearing documents across major Vietnamese utility providers (EVN, VNPT, Viettel, Mobifone) and principal banks (Vietcombank, VietinBank, BIDV, Agribank, Techcombank, VP Bank, MB Bank). Address capture and validation required under AML Law 14/2022.

Document Verification

Supports CCCD chip capture with embedded electronic signature extraction, Vietnamese diacritics handling, and MRZ processing for passports and travel documents. Detects and rejects expired or invalid CMND cards from pre-2025 applications.

KYB Solutions

Business Verification

Validates entity status through Vietnamese business registry data, corroborates MST (Tax Identification Number) evidence, and captures beneficial ownership disclosures consistent with Decree 168/2025 obligations for UBO verification.

Enhanced Due Diligence (EDD)

Structured escalation workflows for high-risk entities, politically exposed persons (PEPs), and FATF grey list-related exposure. Produces reconstructable audit trails aligned with SBV Circular 27/2025/TT-NHNN expectations.

AML Screening

Utilise artificial intelligence models and 1700+ sanction and watchlists to identify and prevent money laundering attempts.

Business AML Screening

Screens entities and controlling persons against UNSC Consolidated Sanctions List, domestic sanctions administered by Ministry of Public Security, and global PEP datasets. Aligned to FATF action plan requirements and grey list enhanced scrutiny obligations.

Transaction Screening

Supports ongoing monitoring aligned to Law No. 14/2022/QH15 suspicious activity monitoring obligations. Flagged transactions escalated to SBV reporting system; domestic threshold VND 500 million, cross-border threshold USD 1,000 reported under standardised STR forms.

REGULATORY ALIGNMENT

Built to Fit Vietnam's Compliance Landscape

State Bank of Vietnam (SBV)

The central bank and primary AML supervisory authority regulate all banking operations and money laundering controls. Oversees KYC/AML compliance across financial institutions and manages the Financial Intelligence Unit (AMLD) responsible for STR analysis and dissemination.

Ministry of Finance (MOF)

The government ministry responsible for national budget management, tax revenue collection, and state assets oversight. Governs tax registration and identification requirements essential for KYB processes and entity financial compliance monitoring.

State Securities Commission of Vietnam (SSC)

Regulates and supervises securities trading on Vietnam's stock exchanges (HSX and HaSTC). Enforces capital market compliance, investor protection rules, and disclosure requirements relevant to beneficial ownership identification for listed entities.

Ministry of Justice (MOJ)

Oversees business registration, enterprise licensing, and legal documentation. Administers beneficial ownership disclosure requirements under Decree 168/2025, manages company formation registers, and controls official entity recognition essential for KYB verification.

Ministry of Public Security (MPS)

Law enforcement authority managing national identity systems, including ID card issuance, passport administration, and driver licensing. Critical for KYC document verification, anti-fraud enforcemen,t and criminal intelligence sharing with financial regulators for AML investigations.

Government Inspectorate (GI)

Ministry-level anti-corruption oversight body exercising state inspection and auditing functions across government agencies and state enterprises. Conducts compliance inspections relevant to sanctions enforcement and beneficial owner verification in state-owned enterprise transactions.

Deployment Choice

AWS Local Zones operational in Hanoi since 2024; on-premise options available for regulated entities subject to Cybersecurity Law 2018 (Law No. 24/2018/QH14) data localisation mandates. Hyperscalers must use local presence or partner with domestic providers.

Regulatory Alignment

Aligned to Cybersecurity Law 2018 (Law No. 24/2018/QH14) and Decree 53/2022/ND-CP (effective 1 October 2022); enforced by Department of Cybersecurity and Hi-Tech Crime Prevention (Ministry of Public Security). Financial institutions implicitly covered; personal information and account data subject to localisation.

Retention controls

Configurable retention tied to 5-year AML minimum under Law No. 14/2022/QH15. Includes customer identification data, transaction records, due diligence documentation and all supporting evidence. SBV and provincial authorities conduct compliance audits; violations subject to fines up to VND 3 billion.

Encryption posture

Encryption in transit and at rest per SBV Circular 77/2025/TT-NHNN (effective January 2025); multi-layer authentication required. Industry standard: 256-bit AES encryption for data at rest, TLS 1.2+ for data in transit. Compliance aligned to PCI DSS and ISO 27001 expectations.

Data Controls & Privacy for Vietnam

BUILT FOR COMPLIANCE TEAMS

Vietnam AML Sources That Strengthen Decision

National Assembly of Vietnam

People's Court of Bình Thuận Province

Ho Chi Minh City People's Committee

Ministry of Public Security

Chứng Khoán Guotai Junan (Việt Nam)

Báo Phụ Nữ

Báo Lao Động

Vietnam News Agency

National Assembly of Vietnam

People's Court of Bình Thuận Province

Ho Chi Minh City People's Committee

Ministry of Public Security

Chứng Khoán Guotai Junan (Việt Nam)

Báo Phụ Nữ

Báo Lao Động

Vietnam News Agency

National Assembly of Vietnam

People's Court of Bình Thuận Province

Ho Chi Minh City People's Committee

Ministry of Public Security

Chứng Khoán Guotai Junan (Việt Nam)

Báo Phụ Nữ

Báo Lao Động

Vietnam News Agency

Frequently Asked Questions

Is CCCD mandatory for all new KYC applications in Vietnam?

As of 1 January 2025, CCCD is the primary accepted ID document for new customer onboarding. CMND is no longer valid. Passport remains accepted for non-residents and cross-border transactions.

What happens if a customer provides an expired CMND?

CMND cards expired before 1 January 2025 are invalid for KYC purposes. Request updated identification using CCCD or passport. Historical documents using CMND retain legal validity for record-keeping.

What is enhanced due diligence (EDD) and when is it required?

EDD applies to high-risk customers, politically exposed persons, and FATF grey list-related exposure. Required under Law No. 14/2022/QH15 and SBV guidance. Includes structured risk assessment, additional beneficial ownership verification and documented rationale.

What is the beneficial ownership (UBO) requirement under Decree 168/2025?

Enterprises must identify individuals owning 25%+ of charter capital or exercising control. UBO records must be maintained throughout operational lifetime plus 5 years post-dissolution and updated within 10 days of any change.

What documents are required for Vietnamese business verification (KYB)?

Business Registration Certificate (BRC), Tax Identification Number (MST), and beneficial ownership records under Decree 168/2025. Digital certificates available via National Business Registration Portal (dangkykinhdoanh.gov.vn).

How long must customer records be retained?

Minimum 5 years from transaction completion date, account closure date or reporting date under Law No. 14/2022/QH15. Includes customer identification records, CDD results, transaction analysis and all supporting evidence.

What is FATF grey list and how does it affect compliance?

Vietnam remains on Financial Action Task Force grey list (Jurisdictions Under Increased Monitoring). Enhanced scrutiny applies to all transactions; requires heightened documentation, beneficial ownership monitoring and regulatory examination preparedness.

What causes onboarding drop-off in Vietnam?

CMND/CCCD mismatches, address proof exceptions, informal sector documentation gaps and name disambiguation (particularly Nguyễn surname matches) are common friction points. Retries typically required for approximately 15–20% of submissions.

Build a Vietnam-ready KYC, KYB & AML programme with Shufti

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PROVEN WORKFLOWS

Use Cases for Regulated Growth in Vietnam

Fintech

Forex

Banking

Gaming

Gig Economy

Crypto

Marketplace

Fintech

Forex

Banking

Gaming

Gig Economy

Crypto

Marketplace

Fintech

Forex

Banking

Gaming

Gig Economy

Crypto

Marketplace

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