Vietnam: Fintech Sandbox Decree (No. 94/2025/ND-CP) establishing mandatory registration for controlled testing of digital financial services enters into force
Description
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 …
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
central government