Keyword: "Fintech"

The IFC establishment is an urgent requirement in reality and based on Vietnam’s potential, advantages, and epochal vision for fast and sustainable development.

Chairman of the municipal People’s Committee Nguyen Van Duoc revealed that nearly 30 international financial heavyweights are preparing to set up operations as early as December 2025, signalling strong early investor confidence in the city’s financial centre ambitions.

Under the agreement, HCM City and Nasdaq will cooperate in five key areas - capacity building and market governance, cross-listing, sharing experience in legal frameworks and operational mechanisms, fintech transfer, and high-quality human resource training.

That was proof that Vietnamese enterprises are fully capable of solving critical national challenges, even in complex areas like finance and technology, Thao stressed, adding that Resolution 68 of the Politburo, which recognises the private sector as a key engine of growth, has created a new chapter of opportunities and expectations.

HCM City will begin construction of a long-planned international financial centre (IFC) in September, part of Vietnam’s push to position itself as a regional financial hub alongside Singapore and Hong Kong

Basal Pay, featuring a three-tier identification system, automatically transmits transaction data and stores records for five years, enhancing users’ efficiency while supporting regulatory oversight of risks. It is expected to become a model of how Vietnamese firms could master technology and adhere to international standards from earliest stages.

Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.

Director of the SBV’s Payment Department Pham Anh Tuan said the issuance of Decree 94 provides a legal basis for sandbox participants to trial new products, services, and business models in real-life conditions, ultimately benefiting customers.

An official of the UK Department for Business and Trade identified green technology, fintech, health care, and many others as promising areas for deeper collaboration between Vietnam and the UK.

The establishment of an international financial centre is expected to serve as a catalyst to accelerate the city’s transformation and position it for breakthrough growth in the coming years.

Under the MoU, both sides will promote cooperation in research and innovation among policymakers, government agencies, research institutions, universities, and businesses to support digital transformation and drive technological advancements in the southern city.

Luxembourg expressed support for Vietnam to develop international financial centres during Permanent Deputy PM Nguyen Hoa Binh's visit to the European country.

The development of legal frameworks for virtual and digital assets has become a pressing topic in the legislative work of various ministries and agencies.

With a rapidly expanding economy, a youthful, tech-savvy population, and robust government initiatives, Vietnam is emerging as a leader in digital innovation, it wrote, adding that Vietnamese businesses are increasingly harnessing technology to streamline operations, improve customer experiences, and contribute to economic growth.

Experts highlighted a young population, the Government's support, and a thriving startup ecosystem are driving the country’s innovation.

The central city of Da Nang aims to have at least five FinTech companies with annual revenue exceeding 1 trillion VND (over 39.8 million USD), with a target of 2-3 FinTech companies per 1,000 residents.

A wide range of activities to promote financial technology (Fintech) will be held within the framework of the Ho Chi Minh City Fintech Road 2025.

MoMo has solidified its position as the most popular e-wallet in Vietnam for two consecutive years, according the Fintech Industry Rankings 2023 announced by Viettel’s information monitoring and analysis system on the network environment (Reputa).

Singapore’s fintech sector has emerged as a beacon of innovation and growth within the Association of Southeast Asian Nations (ASEAN).

Authorities of Da Nang city always support projects of the US Agency for International Development (USAID) and hope to sign more cooperation agreements on projects related to the environment, fintech, and green energy with the agency in the future, said Chairman of the municipal People’s Committee Le Trung Chinh.