The Vietnamese government has mandated facial recognition for digital transactions over $390 to enhance online payment security. This regulation aims to protect against fraud and cyberattacks, given Vietnam’s high rate of cyber threats. The government emphasizes the importance of digital convenience, especially during the pandemic when traditional banking was inaccessible.
However, concerns about privacy and data security arise, as Vietnam faces significant cyber risks and privacy challenges. The regulation is part of Vietnam’s broader digitization efforts, integrating citizen data into a national database for various online services.
