Vietnam’s Ministry of Planning and Investment (MPI) has proposed establishing digital banks from commercial banks within the country’s planned financial centre, starting January 1, 2026. The roadmap also includes adopting Basel III banking standards. However, the State Bank of Vietnam (SBV) has recommended delaying digital bank implementation to 2027 and aligning Basel III adoption with existing banking policies. The MPI insists financial centres require distinct regulatory frameworks and maintains its original proposals. The draft also suggests lifting foreign ownership restrictions on banks operating within the financial centre, but the SBV warned this could conflict with Vietnam’s trade and investment commitments. Further review is required to ensure compliance with international agreements.