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ARTICLE · 07 MAY 2025

Vietnam Issues Fintech Sandbox Decree

Tilleke & Gibbins
Tilleke & Gibbins
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Tilleke & Gibbins

Tilleke & Gibbins

Tilleke & Gibbins has been present in Vietnam since 1992, when it became the first foreign law firm...

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On April 29, 2025, the government of Vietnam promulgated Decree No. 94/2025/ND-CP with regulations on a controlled "sandbox" for innovative fintech solutions in the banking sector ("Decree 94").

VietnamTechnology
Tram Ngoc Bich Nguyen
Tram Ngoc Bich Nguyen
Duong Duy Nguyen
Duong Duy Nguyen
Thao Thu Bui
Thao Thu Bui
Quang Minh Vu
Quang Minh Vu
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On April 29, 2025, the government of Vietnam promulgated Decree No. 94/2025/ND-CP with regulations on a controlled "sandbox" for innovative fintech solutions in the banking sector ("Decree 94"). The decree aims to promote innovation, modernize banking, and enhance financial inclusion while assessing risks and benefits of fintech solutions in a controlled testing environment.

Fintech Sandbox

Currently, the fintech sandbox focuses on three specific areas:

  • Credit scoring
  • Open API data sharing
  • Peer-to-peer ("P2P") lending

Eligible participants for the fintech sandbox include:

  • Credit institutions and foreign bank branches (except for P2P lending)
  • Fintech companies operating in Vietnam

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