Regulatory Sandbox For Fintech Solutions

In light of the rapid and increasingly complex development of Vietnam's financial technology (Fintech) sector, the need for a structured legal Sandbox to ensure transparency, security, and foster innovation has become more imperative than ever. Nearly four years after the Government of Vietnam issued Resolution No. 100/NQ-CP on September 6, 2021, approving the development of a decree on a regulatory Sandbox for Fintech operations in the banking sector, the Government officially promulgated Decree No. 94/2025/ND-CP (Decree 94) on April 29, 2025. This decree establishes a regulatory Sandbox for Fintech solutions and will take effect on July 1, 2025.

Decree 94 marks a significant milestone in Vietnam's Fintech regulatory landscape by providing a controlled testing environment for credit institutions and foreign bank branches (Credit Institutions), and eligible Fintech companies to pilot new business models, including peer-to-peer lending (P2P Lending),