Vietnam’s Fintech and digital payments at golden turning point as private sector gains momentum

As the Vietnam Government issues Resolution 68/NQ-TW with a focus on promoting private sector development and digital transformation, fintech and digital payment providers are emerging as a key group poised to benefit from new opportunities.

Resolution 68: A Boost Paving The Way for Vietnam's Fintech and The Future of Digital Payments.

Resolution 68 clearly articulates the goal of establishing a transparent, stable legal environment that aligns with the rapid evolution of digital business models. Notably, the resolution explicitly references financial technology, artificial intelligence, tokenized assets, and e-commerce — signaling the government’s intent to gradually improve the legal framework for digital economic activities.

In parallel, the resolution emphasizes accelerating science and technology, innovation, and digital transformation within the private sector — where fintech is seen as a critical driver. As Vietnam’s cashless economy gains traction and demand for digital payments surges across sectors like e-commerce, education, healthcare, and logistics, fintech firms are becoming an integral part of the country’s digital value chain.

Importantly, the government has committed to introducing a regulatory sandbox for emerging technologies and business models. This controlled environment will help reduce legal risks in the early stages and allow fintechs to receive feedback from users and regulators — facilitating the refinement of new products and services. With the integration of blockchain, AI, and big data, fintech companies will have a valuable opportunity to build sustainable, high-efficiency digital financial ecosystems.

The Readiness of Vietnam’s Fintech and Payment Platforms

Alongside favorable policy signals like Resolution 68, Vietnam’s fintechs have continuously advanced their capabilities, refining and expanding their payment solutions. Moving beyond their traditional role as technical intermediaries, many players have evolved into strategic partners — enabling foreign companies to localize their payment infrastructure, ensure regulatory compliance, connect with local users, and optimize operations.

One notable example is 9Pay, a licensed payment intermediary recognized by the State Bank of Vietnam. With a vision to serve as a digital payment platform for both domestic and international enterprises, 9Pay not only provides technical services but also acts as a strategic bridge: helping foreign partners integrate with Vietnam’s legal-compliant payment ecosystem. This presents a crucial advantage for overseas companies, global PSPs, and remittance providers looking for a reliable local partner.

A Convergence of Policy, Technology, and Market Momentum

The government’s commitment to “clearing the path” through Resolution 68 marks a strategic shift — allowing Vietnam’s fintech sector to move from its initial phase into large-scale growth, particularly in cashless payments, digital finance, and cross-border e-commerce.

Coupled with the proactive energy of domestic businesses, Vietnam’s fintech market is entering a "golden moment" for breakthrough growth. With rapid digitalization, a young tech-savvy population, and an increasingly robust legal framework, Vietnam is transforming itself into an emerging fintech innovation hub in Southeast Asia.

Read more: Opportunities for foreign firms in Vietnam arising from Resolution no. 68-NQ/TW