Transcript of the above video: 

So, I have to stand corrected. I made a video within the last day or so from this video coming out I expect, in which I talked about 86,000 Vietnamese Bank Accounts being shut down in furtherance of OECD policy, and I don't know what was going on there. First of all, look I come by some of this honestly. One, I have got to be honest with you, I don't focus on Vietnamese news so this came at me from multiple different directions. I looked it over and I sort of made a synopsis. I do shoot these videos extemporaneously, so I don't have a script or something from which I'm reading when I am making these videos; I just sort of shoot them. And I don't know what it was. My brain just didn't calculate 86 million, it calculated 86,000 and I figured it was primarily they were focusing on foreigners. I read the synopsis, I saw the other video but for whatever reason it just did not click.

That said, I was corrected and thank you very much to the commenter on our channel for correcting me in the comments. Quoting directly: "Thank you. I agree with most of your conclusions but 86 thousand or 86 million accounts to be closed, it makes a huge difference. Maybe the Vietnamese News I read was wrong.” Then they go on, quote: "AI confirms 86 million, in September 2025, Vietnam State Bank, SBV initiated the closure of over 86 million inactive or unverified bank accounts" - so it's important point that out. Inactive or unverified. So what does that mean? Is that like over here where everybody has had to run in and align their banking to their SIM card and do all this facial recognition or whatever - "inactive or unverified bank accounts as part of a biometric authentication drive to combat fraud and cybercrime. This affects accounts lacking biometric data e.g. fingerprints or facial recognition" - again where did this come from that it became a presumption you have to get fingerprints and facial recognition just to use a bank. And bear in mind, we're the customers of these banks, okay? Very communistic here and, Vietnam, it is a Communist country. Quoting further: "or those frozen for long periods. Out of approximately 200 million total registered accounts. This cleanup leaves around 113 million active individual accounts and over 711,000 organizational ones. The process began on September 1, 2025, and is carried out by commercial Banks marking a significant "data cleansing revolution". Wow. The phraseology in this stuff is just profound. “To enhance digital transaction security three sources,” - The figure is 86 million not 86,000 aligning with Vietnam's push for OECD compliance and non-cash payment reforms." Yet another reason I am truly hopeful under this incoming government, under Mr. Anutin, that this is at least reviewed again, because as Mr. Trump pointed out over in the United States, President Trump pointed out in his Executive Order where he rejected out of hand OECD. It's a direct assault on National sovereignty as he noted, creates extra territorial jurisdiction for undue foreign influence in the United States in that case, I think the same analysis holds true for Thailand. And on top of it, what? Are we going to see a bunch of millions upon millions of accounts being shut down here in Thailand? Apropos also of what laws? What laws were passed to allow this to occur? Where is it written down and codified in law here in Thailand, or anywhere else, that they can go ahead and seize bank accounts, freeze funds unless you show up and do facial recognition? How is this legal? I truly ask that question. And I'm tired of it just kind of being fobbed off because I have looked around and I don't see where there is any; I can I guess see the authority to say look the bank's changing its policy, you have to comply or you can't bank with us anymore, but how are they freezing people's funds and keeping them from being able to get their money? That's what I want to know. 

That said, again I stand corrected. I try to do this when and if it's required on this channel. I said 86,000 because frankly my brain just could not comprehend that they would come in and shut down 86 million accounts and basically freeze that many people who were either “inactive” or “unverified”. Which again, what are the definitions of those terms? How long do you have to be inactive before they are going to seize your account? And what does unverified mean? No fingerprints? No facial recognition? Since when do you need to do that kind of thing to do basic banking, and what gives anyone the right to demand that kind of information from people to do basic banking? Who was it? The UN some years ago said internet access was some kind of basic human right. What about banking? The ability to use Banking and Financial facilities, especially in the world in which we live, to be able to get on with your life and make your living. But no you have to give up all your biometric data for just basic banking facilities. It's just ridiculous. I truly hope Thailand rethinks this. I hope we see of course correction on this sooner rather than later, and of course we will certainly be keeping you updated on this channel as the situation evolves.