State Bank of Vietnam Governor unveils fintech steering committee

State Bank of Vietnam (SBV) announced that the Governor of the bank has signed a decision in order to set up SBV Steering Committee on fintech.

The fintech committee will be led by Deputy Governor Nguyen Kim Anh and Deputy Director of SBV Payment Department Nghiem Thanh Son is appointed as the Vice Chairman of the Committee, the release stated.

The SBV Steering Committee on fintech will have representatives from functional departments of the SBV and National Payment Corporation of Vietnam (NAPAS) who is responsible for formulating and submitting the annual action plan of the Committee, to SBV Governor.

The fintech committee will also advise Governor the solutions to complete the ecosystem including a legal framework to facilitate the performance and the development of fintech companies in Vietnam on par with guidance and orientation of the Government. They will also discuss and submit to SBV Governor several crucial substances relating to strategy as well as plan for accelerating the development of fintech in Vietnam.

The bank’s payment department has been assigned to be a Standing Agency for SBV Steering Committee on fintech. During the decision, the bank Governor stated that there will also be a Working Group to support for SBV Steering Fintech Committee including officials and specialists from functional departments of the SBV and the NAPAS. The working group will be headed by Nghiem Thanh Son.