Customers can borrow up to 400 million VND/person at P2P lending platforms.

The State Bank of Vietnam (SBV) has issued two decisions to create a testing environment and conditions for peer-to-peer lending (P2P Lending) solutions. These decisions aim to implement Decree No. 94/2025/ND-CP of the Government on the Controlled Testing Mechanism in the Banking Sector, effective from July 1, 2025.

Specifically, Decision No. 2866/QD-NHNN dated July 22, 2025 stipulates that the maximum outstanding balance for a borrower at a peer-to-peer lending solution is VND 100 million, and at the same time sets a limit for the total outstanding balance of a customer at all peer-to-peer lending solutions participating in the controlled testing mechanism of VND 400 million. This regulation aims to ensure a common principle of risk management, consistent with the pilot nature of the testing mechanism, and at the same time limit financial losses for both lenders and borrowers, contributing to the stability of the financial system.

Decision No. 2970/QD-NHNN dated August 11, 2025 promulgating regulations guiding the connection, reporting and checking of customer credit information between peer-to-peer lending companies and the National Credit Information Center of Vietnam (CIC).

This Decision specifies the technical conditions for connection to CIC, the list of indicators, the time limit and frequency of supply, the rights and obligations of companies participating in the Testing Mechanism when connecting to CIC.

Participating in the credit information system will help peer-to-peer lending companies participating in the Pilot Mechanism have a basis to manage the maximum outstanding balance of a customer on their platform as well as all platforms according to regulations, and can have more information about the borrower to provide to the lender (when approved by the borrower according to current laws), contributing to improving loan quality.

The issuance of the above two decisions affirms the readiness of the State Bank to accompany financial technology organizations, promote innovation and financial inclusion in the banking sector in Vietnam, while still ensuring risk control.

These two Decisions are an important legal basis to create conditions for organizations wishing to register to participate in the Pilot Mechanism to proactively research, develop, prepare technical conditions and management capacity, and operate safe and effective peer-to-peer lending solutions.

Source: https://baodautu.vn/khach-hang-co-the-vay-toi-da-400-trieu-dongnguoi-tai-cac-nen-tang-p2p-lending-d388623.html