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Open Banking in Vietnam Is On Track to Become Widely-Adopted, but Lags Behind More Developed Southeast Asian Countries
March 9, 2021 @ 11:45 pm By Omar Faridi
Vietnamese banks are becoming a lot more aware of Open Banking policies and are beginning to realize that they should look into leveraging open APIs in order to remain relevant in the evolving digital financial services sector.
There are at least two local banks in Vietnam that have introduced developer portals and are now offering open APIs. The Asia Commercial Joint Stock Bank (ACB) and Orient Commercial Joint Stock Bank (OCB) in Vietnam have developed Open Banking solutions (that went live in January of last year).