Digital finance
Payments, digital banking, fintech lending, digital assets, e-wallets, and embedded finance — Vietnam's evolving digital financial infrastructure.
SBV Moves Payment Licence Admin to Regional Branches
Circular 22/2026, effective May 19, moves payment licence amendments and lost-licence reissuance from SBV Hanoi to regional branches — reducing administrative overhead for HCMC-based operators.
SBV Biometric Rule Extends to Card Issuance, Closing Gap Left by Circular 77
Circular 45/2025, in force since January 5, 2026, requires biometric verification against the CCCD chip before any new bank card can be issued or activated for electronic transactions.
Five Crypto Exchange Applicants Cleared to Build in Vietnam Pilot
Five of eight applicants cleared Vietnam's first crypto exchange review; launch depends on applicant readiness, with no government deadline set.
Vietnam Bill Opens SME Loans to Digital-Asset Collateral
Vietnam's MoF draft SME law would recognise digital assets as loan collateral — a first for mainstream banking, with a July 2027 target date.
SBV–RBI MoU Opens India Corridor for the VIFC
The SBV–RBI MoU signed 5 May 2026 targets QR code retail payment linkages — not full UPI interoperability — but opens a corridor unlike any other the VIFC has.
Vietnam Scraps Bank Data-Sharing Rule After MoF–SBV Standoff
Vietnam's MoF dropped mandatory bank-taxpayer data sharing after SBV cited banking secrecy law, data architecture gaps, and technical infeasibility at scale.
Da Nang Pilot Runs Vietnam's First Live Blockchain Payment
Basal Pay ran real USDT/USDC through a seven-firm consortium at Ironman Da Nang — Vietnam's first live blockchain cross-border payment test under a dual SBV–Resolution 222 sandbox regime.
Resolution 05's RWA Issuance Framework: The Compliance Checklist for Tokenized Asset Issuers
Resolution 05/2025 lets Vietnamese LLCs tokenize real-world assets for foreign investors — here is every issuer obligation, from Form No. 01 to 10-year data retention.
Decree 94's P2P Sandbox: The Foreign Ownership Bar and What It Means for VIFC Firms
Decree 94/2025/ND-CP bars foreign-owned enterprises from Vietnam's P2P lending sandbox — and the term 'foreign-owned' remains undefined, raising EVFTA and CPTPP treaty questions.
CAEX's Capital Stack: How Resolution 05's Ownership Rules Work in Practice
How CAEX's VPBank-OKX-HashKey capital stack reveals the only viable entry model under Resolution 05's crypto exchange ownership rules.
DTI Law and Resolution 05: Vietnam's Crypto Licensing Framework and Where the VIFC Fits
Vietnam's DTI Law and Resolution 05/2025 create a crypto licensing regime with a $380–400M capital floor and 49% foreign ownership cap.
Resolution 05 and Decision 96: What It Actually Takes to Get a Crypto Exchange Licence in Vietnam
Vietnam requires ~$390 million in paid-up capital for a crypto exchange licence. Here is every qualifying criterion and why most applicants cannot clear the bar.
Vietnam's Two-Track Digital Asset Architecture: What the VIFC Sandbox Permits That the National Pilot Does Not
Vietnam runs two parallel digital asset regimes — a restrictive national pilot and a flexible VIFC sandbox. Here is what each permits and why it matters.
Vietnam Is Listing DeFi, Tokenisation & Stablecoins as VIFC Priority Sectors
Decree 323 names digital assets, NFTs, and DeFi as priority sectors for Vietnam's financial centre. Here's what that means for crypto firms weighing a licensed Southeast Asian base.
For Fintech and Digital Asset Firms: Sandboxes, Licensing, and the Path to Market in the VIFC
A practical guide for fintech startups, digital asset exchanges, tokenisation platforms, stablecoin issuers, and Web3 companies evaluating Vietnam's International Financial Centre — covering the sandbox mechanism, licensing pathways, and what the regulatory framework actually permits.