To develop financial technology, a comprehensive legal framework and cooperation between banks and fintech businesses are required, experts told a conference organised by the State Bank of Vietnam (SBV) and Asian Development Bank (ADB) in Ho Chi Minh City on September 10.
The Association of Southeast Asian Nations (ASEAN) and India have agreed to review their free trade agreement (FTA) signed in 2009 to make it more business-friendly and boost bilateral economic ties.
Investment in Singapore’s financial technology companies in the first half of 2019 has quadrupled from a year ago to 453 million USD, according to a recent report of consulting company Accenture.
Vietnam and Singapore held the 12th political consultation in the island city state on August 14, agreeing to make joint efforts to continue intensifying their strategic partnership.
A driving force for short-term growth has lost due to the sluggish expansion of public investment, Prime Minister Nguyen Xuan Phuc has said, demanding drastic actions to remove barriers hindering the disbursement of public investment.
The legal framework on sandbox development will be submitted to the Government for approval in the third quarter of the year to foster new models of business and service.
As Vietnam, one of the hottest startup hubs in the world, is welcoming a huge wave of venture capital, its tech startup firms are expected to quickly reach the unicorn status, which means they are valued 1 billion USD or more, according to insiders.
The Vietnam Venture Summit 2019, the first of its kind, will take place in Hanoi on June 10, providing a dialogue platform between the Vietnamese government and major international venture funds.
The Government had agreed to pilot the use of telecommunication accounts to pay for goods and services with small value. This is not only a chance but also a challenge when unexpected things happen.
The Indonesian government has invited American investors to invest in the digital economy and the development of "10 New Balis", a plan that aims to replicate the economic effects of tourism in Bali nationally.
The Asian Development Bank (ADB) has approved a 100 million USD loan to develop Vietnam’s finance sector, aiming to support long-term economic growth and tackle rising income inequality.
Banking apps on cell phones are helping people in rural areas manage their finances, said Pham Xuan Hoe, deputy director general of the Banking Strategy Institute at the State Bank of Vietnam (SBV) at the launching ceremony of the i3 programme held in Hanoi on November 14.
The Ho Chi Minh City People’s Committee and the Finnish Embassy in Vietnam launched the Ho Chi Minh City Innovation, Startup, and Entrepreneurship Week 2018 (WHISE 2018), the city’s largest event in innovation, science-technology, and startups, on October 18.
Deputy Prime Minister Vuong Dinh Hue has urged the Shinhan Card Co., Ltd. of the Republic of Korea (RoK) to develop an ecosystem for financial technology (fintech) firms in Vietnam in training workforce and applying scientific-technological advances.
The International Monetary Fund and the World Bank on October 11 launched the Bali Fintech Agenda, a set of 12 policy elements aimed at helping member countries to harness the benefits and opportunities of rapid advances in financial technology, while at the same time managing the inherent risks.
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