Vietnamese
This requirement is prescribed in Circular No. 25/2025/TT-NHNN, which amends Circular No. 17/2024/TT-NHNN on the opening and use of payment accounts at payment service providers.
Accordingly, from March 1, 2026, business households are required to use bank accounts bearing their duly registered names and may no longer use payment accounts opened under individuals’ names.
For individual payment accounts, the payment account name shall be designated in accordance with the full name stated on the customer’s identity document.
For organizational payment accounts, the payment account name must include the name of the organization as stated on the establishment license, establishment decision, enterprise registration certificate, or documents evidencing the lawful establishment and operation of the organization;
For joint payment accounts, the payment account name shall be designated by the bank or foreign bank branch so as to reflect the names of the account holders and shall not be identical to the payment account name of any other individual or organization.
Pursuant to Clause 2, Article 15 of Circular No. 25/2025/TT-NHNN, the above provisions take effect from March 1, 2026. Accordingly, from this date, business households must use bank accounts bearing their registered names and are not permitted to use payment accounts under individuals’ names.
