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  1. Financial Services Regulatory
  2. Vietnam: New decree on regulatory sandbox in the banking sector

Vietnam: New decree on regulatory sandbox in the banking sector

12 May 2025    1 minute read
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FSR

In brief

After a few draft versions (with the latest draft being released in mid-2024), on 29 April 2025, the government officially issued Decree No. 94/2025/ND-CP ("Decree No. 94") governing a regulatory sandbox program applicable to fintech solutions ("Regulatory Sandbox") in the banking sector. Decree No. 94, which will take effect from 1 July 2025, is expected to create a comprehensive framework for credit institutions, foreign bank branches, independent fintech companies or fintech solution providers to participate in the Regulatory Sandbox and test its solutions.


Contents

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Contact Information
Oanh Nguyen
Managing Partner
Ho Chi Minh City
Read my Bio
oanh.nguyen@bakermckenzie.com
Thuy Van Pham
Special Counsel
Ho Chi Minh City
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thuyvan.pham@bakermckenzie.com
Viet Trung Nguyen
Associate
Hanoi
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viettrung.nguyen@bakermckenzie.com

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