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.
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.
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).
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.
The ADB-supported project is crucial to helping advance the access to finance of small- and medium-sized enterprises (SMEs) and women-owned and -led organisations.
The Asian Development Bank (ADB) and the State Bank of Vietnam (SBV) on October 25 held a kick-off ceremony marking the implementation of the Swiss-funded 5 million USD technical assistance, which aims to nurture financial technologies (fintech) serving the improvement of financial inclusion in Vietnam.
Cambodian Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth on October 4 announced the Cambodia Financial Technology Development Policy 2023-2028, which aims to boost the development of fintech in the Southeast Asian country.
A decree on regulatory sandbox for Fintech has been scheduled to come into force in Q3/2023, getting online lenders out of the regulatory limbo that they have been trapped in for years.
Swiss fintech startups should tap into opportunities in Vietnam – the country with rising demand for digital financial solutions, supportive policies, and government initiatives to nurture fintech innovation, according to a new Vietnam Fintech report by Switzerland Global Enterprise (S-GE).
A supportive ecosystem for startups has been established in the Philippines and it continues to evolve, providing a platform for the development of innovative enterprises, according to a new report of the Asian Development Bank (ADB).
The Asian Development Bank (ADB) and Switzerland have signed a cofinancing agreement of up to 5 million USD to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam, particularly among small and medium-sized enterprises (SMEs).
