Vietnam poised to introduce regulatory sandbox for fintech
Customers can pay for Gojek by linking MoMo Wallet with the ride-hailing transport service platform. Photo courtesy of Momo, an e-wallet and payments app.
The State Bank of Vietnam (SBV) will accelerate work on an experimental legal framework, or sandbox, for fintech activities in banking and cashless payments, says Governor Nguyen Thi Hong.
"Continued fintech and cashless payment booms around the world go hand in hand with expansions of digital economy, and Vietnam must introduce a legal framework," she told a cashless payment workshop in Hanoi on Friday.
The Vietnamese banking industry has achieved "positive results" in going digital. Average annual growth of mobile payments is over 90%; many banking services are already available online like opening payment accounts, registering for bank cards, money transfer, and savings depositing; and many banks see over 90% of transactions via digital channels.
In the year to the end of April, cashless payments in Vietnam surged by 69.7% in quantity and 27.5% in value year-on-year, according to Hong. Transactions via the internet soared by 48.39% and 32.76%, respectively.
The figures for transactions via mobile phones were 97.65% and 86.68%; and via QR code, 56.52% and 111.62%.
State Bank of Vietnam Governor Nguyen Thi Hong makes her presentation at a cashless payment workshop in Hanoi on June 17, 2022. Photo courtesy of Tuoi Tre newspaper.
The total number of activated e-wallets increased by 10.37% compared to the end of 2021. The percentage of adults with payment accounts reached 66%. About 3.4 million accounts and 1.3 million new bank cards were opened online or via eKYC (electronic know-your-customer) models.
The SBV chief said among 1.1 million customers registered to use Mobile Money services as of this April, nearly 660,000 were in rural, mountainous, remote, border and island areas, accounting for more than 60% of the total.
- Read More
Vietnam moves to cement LNG supply chain as power demand surges
Vietnam is stepping up efforts to build a national LNG supply chain, as PV Gas signed a series of agreements with Vietnam Electricity (EVN) and PV Power to supply fuel for large-scale gas-fired power projects.
Energy - Sat, April 4, 2026 | 8:27 pm GMT+7
Vietnam's middle class solidifies as monthly household incomes climb to $831
Vietnam’s household income reached a new milestone in 2026, with the national average rising to VND21.9 million ($831.4) per month, according to the latest survey covering over 14,000 respondents by Q&Me Vietnam Market Research.
Economy - Sat, April 4, 2026 | 3:51 pm GMT+7
Vietnam records 7.83% economic expansion in Q1
Vietnam posted 7.83% GDP growth in Q1/2026 from a year earlier, with the services sector accounting for 50.32% of the economy's total value added, according to the General Statistics Office (GSO).
Economy - Sat, April 4, 2026 | 11:41 am GMT+7
Jewelry major PNJ appoints new CEO, targets record profit of $129 mln for 2026
Vietnam's leading jewelry maker Phu Nhuan Jewelry JSC (HoSE: PNJ) has appointed a new CEO as part of a broader restructuring plan, while setting a record net profit target of VND3.41 trillion ($129.42 million) for 2026.
Companies - Sat, April 4, 2026 | 9:45 am GMT+7
Vietnam opens door to international carbon credit trading
The Vietnamese Government has introduced a legal framework allowing the sale and transfer of carbon credits to international markets for the first time, creating a new revenue stream for the state and businesses while supporting emissions reduction commitments.
Economy - Sat, April 4, 2026 | 8:17 am GMT+7
REE-led consortium proposes $1.15 billion landmark tower in HCMC int’l financial center
A consortium comprising REE Corporation, Ho Chi Minh City Finance and Investment State-owned Company (HIFC), and VinaCapital has proposed a 99-story financial tower project in Ho Chi Minh City at the cost of $1.15 billion, as Vietnam accelerates efforts to build an international financial center.
Real Estate - Fri, April 3, 2026 | 4:36 pm GMT+7
Vietnam's major developer Novaland targets record revenue of $862 mln, skips dividends amid cash strain
Vietnam’s major property developer Novaland Group (NVL) is targeting a sharp increase in revenue to a record VND22.72 trillion ($862.43 million) this year, while keeping profit broadly flat at over VND1.85 trillion ($70.32 million), as it accelerates project deliveries despite ongoing cash flow challenges.
Companies - Fri, April 3, 2026 | 3:51 pm GMT+7
Gates Foundation, Dragon Capital emerge as major shareholders in FPT Retail
Funds linked to Bill Gates and Vietnam-focused asset manager Dragon Capital have become major shareholders in FPT Digital Retail JSC (HoSE: FRT), signaling rising foreign investor confidence in the company’s growth trajectory.
Companies - Fri, April 3, 2026 | 2:11 pm GMT+7
China Energy Engineering Group seeks to partner with Vietnam's state utility EVN in renewables, LNG power
A China Energy Engineering Group Global (CEEC Global) delegation, led by chairman Qiao Xubin, on Wednesday met with Vietnam Electricity (EVN) deputy general director Nguyen Tai Anh to explore potential cooperation in energy development.
Companies - Fri, April 3, 2026 | 12:36 pm GMT+7
Hoang Anh Gia Lai Group bets on coffee, mulberry to drive new growth cycle
Vietnam’s Hoang Anh Gia Lai Group (HAGL) is doubling down on coffee and mulberry as its two strategic pillars in 2026, while ramping up processing investment and expanding production to kickstart a new growth cycle following its restructuring phase.
Companies - Fri, April 3, 2026 | 11:13 am GMT+7
Vingroup chair-backed V-Green, Vikki Bank partner to scale EV charging network in Vietnam
V-Green, an EV charging firm backed by Vingroup chairman Pham Nhat Vuong, has signed a strategic cooperation agreement with Vikki Digital Bank, to accelerate the rollout of electric vehicle charging and battery-swapping infrastructure, as demand for electrified transport gathers pace.
Companies - Fri, April 3, 2026 | 8:36 am GMT+7
Masan Group to cut stake, seek strategic investor for Masan High-Tech Materials
Masan Group (MSN) plans to reduce its ownership in Masan High-Tech Materials (UPCoM: MSR) to below 90% and continue seeking a strategic investor, as part of efforts to meet public company requirements and prepare for a potential listing upgrade.
Companies - Thu, April 2, 2026 | 5:07 pm GMT+7
Vietnam’s tech unicorn VNG extends losses to 5th year
Vietnamese tech major VNG Corporation (UPCoM: VNZ) reported a net loss of VND263 billion ($9.99 million) in 2025, marking its fifth consecutive year in the red, even as revenue growth accelerated across its core digital platforms.
Companies - Thu, April 2, 2026 | 3:59 pm GMT+7
Vietnam fast-tracks strategic oil reserve project at Nghi Son Economic Zone to bolster energy security
Prime Minister Pham Minh Chinh has ordered the accelerated development of a national crude oil reserve in Nghi Son Economic Zone in Vietnam’s central province of Thanh Hoa, underscoring the project’s strategic role in safeguarding energy security and supporting economic growth.
Economy - Thu, April 2, 2026 | 1:36 pm GMT+7
Vietnam's largest private conglomerate Vingroup targets record $949 mln net profit in 2026
Vingroup (HoSE: VIC), Vietnam's largest listed company by market cap, is targeting a record net profit of around VND25 trillion ($949 million) this year, according to documents released ahead of its AGM.
Companies - Thu, April 2, 2026 | 11:54 am GMT+7
Vietnam's manufacturing sector records 15-year selling price hike amid Middle East tensions
The Middle East war caused a marked acceleration in the Vietnamese manufacturing sector's rate of input cost inflation during March, with selling prices subsequently raised at the fastest pace in almost 15 years, according to S&P Global.
Economy - Thu, April 2, 2026 | 11:46 am GMT+7
