The Ministry of Public Security (MPS) has recently unveiled a draft revised Law on Citizen Identification, which is scheduled to replace the 2014 Law on Citizen Identification, adding regulations on management and issuance of citizen’s identity cards (ID cards), inclusion of more information in ID cards, and development of electronic identification (e-ID).

The State Bank of Vietnam (SBV) has recently released Circular 11/2022/TT-NHNN to improve the legal framework for bank guarantee to better suit international practices and comply with Vietnam’s relevant regulations such as the Law on Real Estate Business, Law on Investment, and Civil Code.

According to Government Decree 59/2022/ND-CP dated September 5, 2022, providing electronic identification and authentication, foreign residents in Vietnam who are aged full 14 years or older are entitled to apply for e-ID accounts. Those who are aged under 14 years or currently under guardianship may be registered into e-ID accounts of their parents or guardians.

Prime Minister Pham Minh Chinh on March 2 demanded accelerating implementation of the project on developing and applying the population data and electronic identification and authentication to serve national digital transformation.