Business

Vietnam, Australia boost fintech cooperation opportunities

The Asialink Business Centre under Australia’s University of Melbourne has announced to commence a new capability development programme, aimed at building awareness and positioning Australian business to engage in Vietnam’s fintech sector.
Vietnam, Australia boost fintech cooperation opportunities ảnh 1Illustrative image (Source: Internet)
Sydney (VNA) - The AsialinkBusiness Centre under Australia’s University of Melbourne hasannounced to commence a new capability development programme, aimed at buildingawareness and positioning Australian business to engage in Vietnam’s fintechsector. 

The programme is jointly held by Asialink Business, theAustralian Department of Industry, Science, Energy and Resources (DISER), and theAustralian Trade and Investment Commission (Austrade).

The programme will complement and support the Australia-Vietnam Enhanced Economic Engagement Strategy. This strategy, due forcompletion in late 2021, will solidify Australia and Vietnam’s sharedcommitment to trade and investment, liberalisation and economic connectivity,and help both countries take advantage of emerging market opportunities.

Asialink Businessstressed that Vietnam has the fastest growing middle class in SoutheastAsia, a COVID-resilient GDP growth rate (2.9 percent in 2020), and a youngpopulation that readily embraces new technology.

While the country has suffered from COVID-19, the pandemichas also accelerated the uptake of digital services. In 2020, more consumersmoved online and tried new digital services for the first time, for example, inhealthtech, edtech and fintech, helping to fuel growth of 29 percent in thecountry’s digital economy.

According to the centre, demand amongst Vietnamese banks fortechnical and commercial expertise is growing, with many looking to partnerwith domestic and international fintech businesses to provide innovativecustomer solutions. Australian businesses may be well-placed to meet thisdemand.

However, to make the best use of the opportunities,Australian businesses need to be strategic in their approach.

Navigating Vietnam's fintech opportunities requires a well-thought-outstrategy that helps Australian enterprises invest time and resources tounderstand Vietnam’s people and businesses, and be ready for localisingproducts in Vietnam’s market, said the centre./.
VNA
#Asialink Business Centre #Australia #University of Melbourne #fintech #capability development programme #Austrade #DISER #Vietnam #Vietnamplus #Vietnam News Agency Australia Vietnam
Follow VietnamPlus

Related News

See more

Ministerial-level negotiation session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer (Photo: VNA)

Vietnam, US promote negotiations on reciprocal trade agreement

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer reached a high consensus on principles, approaches, content orientations, and negotiation plans, thereby establishing a foundation for subsequent negotiation sessions to achieve positive outcomes.

Le Thanh Lam, CEO of TOPSKILLS, shares insights into the role of AI in modern HR management at the launch event of the AI-Powered TMS system in HCM City on May 16. (Photo: courtesy of the organisers)

AI helps businesses build resilient, adaptable succession teams

Experts said that in the context of digital transformation and AI increasingly becoming key drivers of business innovation, building a capable succession team—those who will lead the company toward sustainable growth—has become an urgent priority.

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

Deputy Minister of Finance Cao Anh Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, US foster bilateral economic, financial cooperation

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.

Ba Ria-Vung Tau seaport (Photo: VNA)

Resolution 68: A game-changer for Vietnam’s private sector

Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.

A booth at VietOffice 2024. The first VietOffice held in May last year was a success, generating positive results. (Photo: VNA)

VietOffice 2025 expected to attract 100 exhibitors

The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.

Illustrative image (Photo: VNA)

Exporters diversify orders to reduce reliance on single market

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A customer buys petrol at a station in Hanoi. (Photo: VNA)

Government proposes 2-pp VAT reduction on select goods and services until 2026

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

Illustrative photo (Photo: VNA)

Petrol prices up in latest adjustment

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Delegates at the groundbreaking ceremony. (Photo: VNA)

Ba Ria-Vung Tau: New phase of luxury resort project kicks off

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.