The State Bank of Vietnam convened the second meeting of its banking-sector steering committee for science and technology, innovation, digital transformation and Project 06, taking stock of 2025 delivery and setting priority tasks for 2026. The Governor instructed the committee and its supporting team to deepen work on assigned tasks and proactively advise SBV leadership, and asked credit institutions to further apply technology to banking products and services including digital credit, streamline processes, and work with relevant agencies on building shared data, alongside strengthened information security and development of high-quality IT talent. Implementation updates for 2025 included the issuance of two directives on digital transformation, information security and payment development, 18 decisions approving implementation plans, and two sector strategies to 2030 covering digital transformation and data. As of 12 December 2025, the banking sector had biometrically matched more than 140 million individual customer records (CIF) and over 1.5 million organisational files using chip-based citizen ID cards or VNeID; 57 credit institutions and 39 payment intermediaries had enabled chip ID use via mobile applications, 63 credit institutions via at-counter devices, and 19 entities had officially implemented VNeID. SBV reported a data warehouse exceeding 16TB with more than 40 billion rows, and operation of the SIMO monitoring system for suspicious payment accounts and e-wallets, with 122 of 149 entities successfully reporting 596,000 suspicious records by 19 December 2025; the system generated over 2.26 million customer warnings and more than 700,000 customers halted or cancelled transactions totalling over VND 2.78 trillion. SBV also completed an upgrade to its centralised administrative procedure processing system from 15 December 2025 and added 32 end-to-end online public services, bringing the share of eligible SBV administrative procedures for businesses with data-substitutable documentation to full online availability.
State Bank of Vietnam 2025-12-23
State Bank of Vietnam reviews Project 06 rollout with 140 million biometric customer matches and sets 2026 digital priorities
The State Bank of Vietnam's second banking-sector steering committee meeting reviewed 2025 progress and set 2026 priorities, focusing on digital transformation and technology in banking. Key 2025 updates include biometric matching of over 140 million customer records, directives on digital transformation, and the SIMO monitoring system, which flagged over 2.26 million suspicious transactions. Additionally, SBV upgraded its administrative procedure system, enhancing online public services and data management.