State Bank of Vietnam convenes workshop to roll out Decree 94 controlled testing mechanism for fintech in banking

The State Bank of Vietnam (SBV) held a workshop in Da Nang to support implementation of Decree 94/2025/ND-CP, which sets out a controlled testing mechanism for banking-sector solutions. Delivered under a technical assistance project funded by the Swiss State Secretariat for Economic Affairs (SECO) and managed by the Asian Development Bank (ADB), the session focused on communicating the decree’s requirements, strengthening understanding of the legal framework, and helping in-scope parties run trials safely and effectively. Chaired by Pham Anh Tuan, Director General of SBV’s Payment Department, the workshop brought together representatives from ministries and agencies, international organisations, credit institutions, foreign bank branches and fintech firms. Discussion covered core provisions and policy clarifications to support consistent application by affected stakeholders, with SBV framing the decree as a legal basis to pilot fintech solutions in real-world conditions while enabling supervisory monitoring and risk assessment to inform further development of the fintech regulatory framework. SBV also highlighted ongoing digitalisation in banking, including average daily processing of around VND 820 trillion through the interbank electronic payment system and 26 million transactions via switching and electronic clearing, alongside progress on biometric verification for digital accounts.