Vietnam: Financial Services

ベトナムが2026年9月21日にFTSEラッセルによってフロンティア市場から二次エマージング市場へと正式に格上げされました。8年間の規制改革と資本市

Vietnam's State Bank has issued Circular 39, establishing a new regulatory framework that allows offshore credit institutions to conduct cross-border payment services through accounts held at Vietnam-based licensed banks. This development marks a significant shift from previous restrictions that limited non-resident account usage to their own transactions only. The new framework provides greater regulatory certainty for international banks, payment service providers, and fintech companies seeking to expand

On September 15, 2026, Vietnam’s Ministry of Finance (MOF) released for public consultation a draft circular on reporting and information disclosure in the pilot crypto asset market. The draft implements Resolution No. 05/2025/NQ-CP on the Pilot Implementation of the Crypto Asset Market in Vietnam and provides further detail on how licensed crypto asset service providers (“CASPs”) will be supervised once the market becomes operational.

Vietnam steht vor einem bedeutenden Wendepunkt: Das bevorstehende Upgrade zum FTSE Russell Secondary Emerging Market könnte die Wahrnehmung des Landes als Investitionsstandort grundlegend verändern.

Vietnam's upcoming upgrade to FTSE Russell Secondary Emerging Market status represents a pivotal moment in the country's economic development, signaling a new phase...

Vietnam's banking and securities sectors operate under complex regulatory frameworks that govern foreign investment, ownership limits, and market participation. The State Bank of Vietnam oversees monetary policy and supervises commercial banks, while the State Securities Commission regulates public offerings, listings, and trading activities. Recent legislative changes have introduced new ownership thresholds, expanded business lines for credit institutions, and streamlined foreign investor classifications

In light of the rapid and increasingly complex development of Vietnam's financial technology (Fintech) sector, the need for a structured legal Sandbox to ensure transparency, security, and foster innovation has become more imperative than ever.

Effective from September 15, 2025, Decree 210/2025/ND-CP establishes a comprehensive legal framework to facilitate investment by startup investment funds in innovative startups in Vietnam, enhancing capital access for these enterprises.

These decrees will establish key principles, define the rights and obligations of stakeholders, and outline permissible business activities within the IFCs, and serve as a foundation for the legal framework of the IFCs.