Tag "Vietnam"

Digital Banking Sees Prosperous Future in Vietnam

Like the rest of emerging countries in Asia, digital banking penetration in Vietnam is on the rise. According to a survey by IDG Vietnam, 81% of respondents said they used digital banking solutions in 2017 compared to 21% in 2015.

Read More

Fintech for Financial Inclusion in Vietnam

Fintech companies, which leverage technology and digital platforms to provide financial services at lower cost and wider, better access, have a key role to play in Vietnam where only 59% of the population have a formal bank account. A paper

Read More

Vietnam Fintech Sector Report: All about Digital and Mobile Payments ?

Vietnam’s fintech industry is poised for growth as Internet and smartphone penetration rates continue to rise and as the government pursues its push for greater digitalization of the economy, according to a new report by consulting firm Solidiance. In 2017,

Read More

27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete List

In December 2014, the State Bank of Vietnam (SBV) issued the Circular No. 39/2014/TT-NHNN which sets a series of rules banks and non-bank organizations in Vietnam must follow in order to be permitted to offer intermediary payment services such as

Read More

Private Equity Investments Take Off In Vietnam

Private Equity in Vietnam. The country kicked off the year 2018 with major investment deals in private equity, revealing investors’ confidence in the rapidly growing economy. In February, Malaysia-based investment fund Creador announced its plan to open an office in

Read More

New Peer-To-Peer Lending Players In Vietnam

A new company called Lendbiz was recently set up in Hanoi. The company offers a peer-to-peer lending platform targeted at small and medium-sized enterprises (SMEs) in Vietnam. Lendbiz joins other peer-to-peer lending platforms in Vietnam such as Timma, Vaymuon and

Read More

Vietnam Welcomes First Robo-Advisor Platform

Vietnamese fintech startup Finhay is targeting the country’s millennials with a new robo-advisor service that lets customers invest in top mutual funds in Vietnam starting with as little as 50,000 VND (US$2.6). Finhay provides a platform connecting mutual funds with

Read More

Vietnamese Startups, Entrepreneurs Warm Up To ICOs

Initial coin offerings (ICOs) have become the preferred fundraising method for players in the cryptocurrency and blockchain space, enabling entrepreneurs and projects to raise over US$2 billion in 2017 alone. While ICOs have proven to be a successful way for

Read More

Digital Payments: Cash Still King in Vietnam

Despite Vietnam’s high smartphone and mobile Internet penetration rates, consumer adoption of fintech solutions remains low with cash-payment habit being hard to change. “Vietnamese, including the unbanked, have already used their mobile for many activities in their everyday life, but

Read More