Posts From Fintechnews Vietnam

Vietnam’s Fintech Ride Hailing Market: Grab Goes Consumer Finance / Go-Viet Needs Payment License

Vietnam’s fintech sector is heating up as Singapore’s “super-app” Grab looks to staff up its financial services division in the country, hinting at plans to launch a lending offering soon. Grab introduced its postpaid service PayLater earlier this year for

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Vietnam’s Digital Bank Timo Celebrates Its Third Birthday

Three years have passed since Lifestyle Project Management and Vietnam Prosperity Joint Stock Commercial Bank (VPBank) launched Timo, the country’s first bank that has no traditional branches or transaction offices. Formed in March 2015, Timo officially opened its doors in

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Key Takeaways From Vietnam’s Startup Ecosystem

A new book exploring Vietnam’s startup ecosystem was released earlier this month, detailing an American entrepreneur’s experience in supporting, and working with Vietnamese entrepreneurs across the nation. The book aims to capture the successes of and challenges facing Vietnam’s youth, local

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New Vietnam Fintech Startup Map Showcases Vietnam’s Growing Fintech Landscape

With a growing middle class, rising Internet penetration, and a population of nearly 100 million people, most of whom are young and tech-savvy, Vietnam has all the needed characteristics to become a major fintech market. In the past years, the

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Vietnam’s Deputy Prime Minister Says It Will Be Piloting P2P Lending Soon

Deputy Prime Minister Vuong Dinh Hue announced during a ministerial meeting recently that the Vietnamese government will soon issue a decision to allow a pilot implementation of peer-to-peer (P2P) lending before officially developing a regulatory framework for the new fundraising

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13 Hottest Fintech Startups in Vietnam

Fintech continues its momentum in Vietnam with local startups gaining significant traction from foreign investors. These raised a record of US$117 million in 2018, the maximum funding in Vietnamese startups for that year. Vietnam’s rapidly evolving fintech sector has been largely

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5 of Vietnam’s Top Funded Fintechs

Fintech development is accelerating in Vietnam with companies in the sector attracting US$117 million last year, the maximum funding in Vietnamese startups in 2018. Fintech surpassed e-commerce at US$104 million and other sectors, according to funding data by local accelerator

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Bankers, Fintech Experts Gather in Vietnam to Discuss the Future of Banking

Earlier this month, bankers and fintech experts gathered in Vietnam to discuss the future of banking, the evolving payments landscape, and digitalization in the financial industry. Representatives of Deloitte, Asia Commercial Bank, Saigon Commercial Bank, Oracle, Fintechnews.sg and BankClub took

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Vietnam Gets a Blockchain-Based Alternative to Grab

TADA, launched by a Singapore-based startup MVL, made its presence in Vietnam on Monday. The news comes less than a week after its launch in Cambodia. TADA – which means “let’s ride” in Korean – uses blockchain technology to curb

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Vietnamese Banks Ramp up Fintech Development

Fintech is gaining popularity around the world including in Vietnam where experts and industry observers predict strong growth, driven by the country’s low banking penetration and young and increasingly affluent population. “Vietnam has strong growth potential for fintech development, and

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