The Asia-Pacific region has become a hotbed for Fintech developments, and the upcoming Vietnam Fintech Summit 2024 promises to shed light on the latest trends and advancements in this dynamic industry. In this blog post, we will explore the key takeaways from the summit, highlighting the emerging Fintech trends that are set to shape the …

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The field of financial technology, or Fintech, has experienced rapid growth in recent years, revolutionizing the way individuals manage their finances. While the advantages of Fintech are undeniable, it is essential to consider both the benefits and drawbacks before fully embracing this innovative approach. Pros of Fintech: Unparalleled Convenience: Fintech offers unparalleled convenience by allowing …

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At the 12th International Banking and Business Conference (IBFC) held in Hanoi recently with the theme “Korea – Vietnam opening up digital finance, surpassing innovation,” Mr. Nguyen Dang Hung, the Head of VietFintech Club, attended and shared an overview of the Fintech market in Vietnam and the Asia region. The conference was attended by the …

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Vietnam’s fintech industry is experiencing remarkable growth, with projections indicating that it will reach a market value of $18 billion by 2024. This forecast comes as a result of favorable market conditions and the increasing adoption of technology-driven financial services in the country. The Vietnamese government recognizes the potential of fintech and has been actively …

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In the world of fintech, failures are often seen as stepping stones to success. This article explores the story of an entrepreneurial venture aiming to create a free Wikipedia platform dedicated to FinTech. Despite encountering numerous setbacks, the journey ultimately led to triumph. Let’s delve into the details. The Birth of an Idea: A fintech …

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In the era of digitalization, the collaboration between fintech companies in the securities field has brought numerous benefits to users. A prime example is the partnership between ZaloPay, a digital wallet, and DNSE Securities Company, which has provided unique advantages in stock market investment for users. DNSE Securities’ Stock Trading Account has been integrated into …

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The rise of e-commerce has revolutionized the way we shop, allowing us to purchase goods and services from the comfort of our homes. However, with the increased convenience comes the risk of fraudulent activities and scams. To address these concerns, the Ministry of Industry and Trade in Vietnam is considering implementing stricter regulations regarding account …

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In the rapidly evolving world of digital wallets, one name stands out in Vietnam – MoMo. With a staggering 68% market share, MoMo has emerged as the undisputed leader in the Vietnamese digital wallet landscape. In this blog, we delve into the reasons behind MoMo’s unparalleled dominance and explore how it has captured the hearts …

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1. Overview of Fintech Development in Vietnam In Vietnam, Fintech is still in its early stages and underdeveloped due to the lack of a cohesive ecosystem among key stakeholders such as the government, financial institutions, Fintech companies, investment funds, and financial-telecom infrastructure. However, Fintech activities in Vietnam have seen rapid growth. The number of Fintech …

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Based on the foundation of three major tools: advances in information technology, Big Data processing technology, the rapid development of e-commerce, and the digital economy, Fintech operates similarly to financial companies with specific characteristics. So, the current question is whether Fintech companies can be considered a new economic sector. Can they be considered financial institutions? …

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