Vietnam: Operational license requirements in Fintech Sandbox Decree (No. 94/2025/ND-CP)
Progress
Current status
in force
01 Jul 2025 in force
29 Apr 2025 adopted
Scope
Implementers
Vietnam
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Fintech Sandbox Decree (No. 94/2025/ND-CP) establishing mandatory registration for controlled testing of digital financial services enters into force
On 1 July 2025, Decree No. 94/2025/ND-CP enters into force, establishing regulations for a controlled testing mechanism, or regulatory sandbox, for innovative fintech solutions in the banking sector. Under the Decree, companies including Vietnamese …
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central government
Government adopted Fintech Sandbox Decree (No. 94/2025/ND-CP) establishing mandatory registration for controlled testing of digital financial services
On 29 April 2025, the Government of Vietnam adopted Decree No. 94/2025/ND-CP, establishing a regulatory sandbox mechanism for the controlled testing of financial technology (fintech) solutions in the banking sector. Under the Decree, companies inclu…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central government