Download a copy of Vietnam Open Finance Market Report

Vietnam is entering a defining phase in its financial evolution. It has reached an inflection point where scale, regulation, and consumer demand are converging.

The State Bank of Vietnam is accelerating this shift through landmark policies such as Circular No. 64/2024/TT-NHNN, mandating standardized Open APIs, and Decree No. 94/2025/ND-CP, establishing a formal Fintech Sandbox. Together, these frameworks are moving the industry from fragmented, bilateral integrations toward a structured and interoperable Open Finance ecosystem.

Key highlights of this report include:

• Open API regulation as the primary market catalyst—driving system-wide transformation and setting the foundation for scalable Open Banking infrastructure
• Clear opportunities for banks and fintechs—from compliance-led modernization to new revenue models, ecosystem partnerships, and embedded finance use cases

As Vietnam transitions into the implementation phase of Open Finance, a narrow but high-value window is emerging for financial institutions and technology providers to establish early leadership in one of the region’s most promising markets.