Last Friday, the Governor of the State Bank of Vietnam (SBV) signed Decision No.328/QĐ-NHNN to establish SBV Steering Committee on Fintech. According to the bank, the Steering Committee on Fintech will be led by Deputy Governor Nguyen Kim Anh and Deputy Director of SBV Payment Department Nghiem Thanh Son has been assigned as Vice Chairman of the Committee. While sharing details about the committee, SBV stated:
“SBV Steering Committee on Fintech with representatives from functional departments of the SBV and National Payment Corporation of Vietnam (NAPAS) is responsible for formulating and submitting to SBV Governor the annual action plan of the Committee; advising Governor the solutions to complete the ecosystem including a legal framework to facilitate the performance and the development of Fintech companies in Vietnam in line with guidance and orientation of the Government; discussing and submitting to SBV Governor several crucial substances relating to strategy, plan for accelerating the development of Fintech in Vietnam, … and conducting other tasks as authorized by SBV Governor.”
SBV added its Payment Department has been tasked to be a Standing Agency for SBV Steering Committee on Fintech.