Goldilocks and Seeds of Wisdom
As of October 2023, many Vietnamese banks are already in the process of migrating to ISO 20022. For example, Vietcombank, the largest bank in Vietnam, announced in August 2023 that it had successfully completed the migration of its cross-border payments to ISO 20022.
Other major Vietnamese banks, such as BIDV, Agribank, and Techcombank, are also expected to complete their migrations to ISO 20022 by the November 2025 deadline.
Vietnamese banks accelerate migration to ISO 20022
