The State Bank of Vietnam has issued an implementation plan for the Prime Minister’s National Action Programme on developing and transitioning to cloud computing platforms for 2025–2030, positioning cloud as a strategic foundation for digital transformation and artificial intelligence across the central bank and the wider banking sector. Under the plan, new State Bank of Vietnam information systems and IT services delivered via the internet will be prioritised for cloud deployment. Existing systems and IT services will be assessed and classified to support a migration roadmap, with a target to move at least 70% of eligible State Bank of Vietnam systems and services to the cloud. The plan also sets an objective that 100% of commercial banks, foreign bank branches and payment intermediary service providers use cloud services, with priority given to domestic cloud providers, and it calls for banking-sector systems to maintain cybersecurity and information security when operating on cloud platforms.
State Bank of Vietnam 2025-11-14
State Bank of Vietnam issues cloud migration plan targeting 70% of eligible central bank systems and 100% bank adoption
The State Bank of Vietnam has released a plan for the Prime Minister’s National Action Programme to transition to cloud computing from 2025 to 2030. It prioritizes cloud deployment for new systems, aiming to migrate at least 70% of eligible systems. It mandates all commercial banks, foreign bank branches, and payment intermediaries use cloud services, emphasizing domestic providers and cybersecurity.