Project XBY

East Asia & Pacific · GDP rank #30

Vietnam

VN · VND @ 0.0000379/USD

Tab 08

Pulse

The preceding ~90 days of macro, regulation, product, funding and milestone events. Each item is primary-sourced; no trade-press echo.

  1. 11 days agodata

    NAPAS publishes Q1 2026 statistics — instant transfers tracking +27%

    NAPAS reported Q1 2026 instant-transfer volume +27% YoY with value growth around +8%. VietQR remains the headline driver, with daily QR transfers up 85% YoY into the spring.

    • #napas
    • #data
    • #vietqr

    Source: NAPAS

  2. 6 weeks agoregulation

    SBV holds refinancing rate at 4.5% — fourth consecutive hold

    The State Bank of Vietnam held its refinancing rate at 4.5% on 12 April, citing low inflation but flagging external-balance pressure from a weakening dong. Tightening bias signalled in the accompanying statement.

    • #sbv
    • #macro
    • #rates

    Source: State Bank of Vietnam (SBV)

  3. 2 months agolaunch

    VietQR-PayNow corridor opens with Singapore

    NAPAS and Singapore's MAS / BCS opened a bilateral instant QR corridor between VietQR and PayNow on 25 March, extending Singapore's PayNow mesh to seven ASEAN-plus partners. P2P and P2M flows supported from go-live.

    • #napas
    • #cross-border
    • #singapore

    Source: Monetary Authority of Singapore (MAS)

  4. 3 months agomilestone

    VIETQRGlobal-UnionPay corridor processes 5 million transactions in first 100 days

    NAPAS reported that the December 2025 VN-China QR linkage with UnionPay International and ICBC processed about 5 million inbound Chinese-tourist transactions in the first 100 days of operation. Vietcombank was the lead acquiring partner.

    • #napas
    • #cross-border
    • #china

    Source: Vietnam News

  5. 3 months agoregulation

    Decree 73/2024 fintech sandbox — first eight participants admitted

    SBV admitted the first cohort of eight participants to the Decree 73/2024 fintech sandbox, covering credit-scoring, open-banking and P2P-lending firms. Two-year operating window applies.

    • #sbv
    • #sandbox
    • #regulation

    Source: State Bank of Vietnam (SBV)

  6. 3 months agodata

    MoMo discloses 32 million users — +12% YoY

    M_Service published its 2025 retrospective showing MoMo at 32 million monthly active users (+12% YoY), with super-app revenue mix shifting toward credit and financial-services fees rather than payments take-rate.

    • #momo
    • #wallet
    • #data

    Source: MoMo