On 29 April 2025, the Government of Vietnam issued Decree No. 94/2025/ND-CP (“Decree 94”), establishing a controlled testing environment or “Regulatory Sandbox” for Fintech solutions in the banking sector. Effective from 1 July 2025, Decree 94 allows credit institutions, foreign bank branches, and Fintech companies to pilot innovative products under the supervision of the State Bank of Vietnam (“SBV”). The initiative aims to foster financial innovation and inclusion while mitigating risks associated with emerging technologies.
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