The State Bank of Vietnam held a press conference to announce the “Banking Sector Digital Transformation 2025” event, scheduled for 29 May 2025 in Hanoi, framing it as a milestone year to review implementation of its banking-sector digital transformation plan to 2025 with orientation to 2030. The event theme, “Smart digital ecosystem in the new era”, positions the sector around customer-centric digital finance and increased use of technologies such as artificial intelligence, big data and blockchain. The State Bank of Vietnam highlighted progress after four years of implementing its plan, including continued work on the legal framework and investments in digital infrastructure. It reported that several core banking services have been fully digitised, that many credit institutions execute more than 90% of transactions via digital channels, and that more than 87% of Vietnamese adults hold a bank account, alongside positive growth in cashless payments. Forward priorities include accelerating legal and regulatory review to support cashless payments and banking digitalisation, ongoing coordination with the Ministry of Public Security under a joint plan supporting Project 06, building shared banking-sector data systems to support data-driven decision-making, strengthening security, expanding cross-sector information sharing to broaden the digital ecosystem, developing digital skills and international cooperation, and stepping up communications and financial education. The 29 May event is expected to convene government and ministry representatives, the State Bank of Vietnam, credit institutions and payment intermediaries, NAPAS and technology providers. The State Bank of Vietnam also reiterated that 11 May is designated as Banking Sector Digital Transformation Day, linked to issuance of its digital transformation plan.

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