The State Bank of Vietnam held a workshop in Ho Chi Minh City to support implementation of the government’s Decree 94/2025, which establishes a controlled testing mechanism (regulatory sandbox) for fintech in the banking sector under the revised 2024 Law on Credit Institutions. Discussions focused on the decree’s scope, eligible participants and entry conditions, the application and approval process, and principles for managing trials. The initial phase prioritises three fintech solution groups for testing: credit scoring, data sharing via Open API, and peer-to-peer lending. The central bank also referenced rapid growth in Vietnam’s fintech sector to more than 200 firms, with payments as the largest segment and 50 licensed payment intermediary service providers. The State Bank of Vietnam indicated it will continue to assess emerging models for potential inclusion in the sandbox and will develop implementing guidance, supervisory and periodic reporting arrangements, administrative procedures, and legal support for participating firms.
State Bank of Vietnam2025-07-02
State Bank of Vietnam hosts workshop to implement banking fintech sandbox prioritising credit scoring, Open API data sharing and P2P lending
The State Bank of Vietnam hosted a workshop in Ho Chi Minh City to facilitate the implementation of Decree 94/2025, establishing a regulatory sandbox for fintech in the banking sector. The initial phase will test credit scoring, data sharing via Open API, and peer-to-peer lending. The central bank plans to assess emerging models for potential inclusion and develop guidance and reporting arrangements for participating firms.