Vietnam financial technology contest’s finalists announced
The list of 16 finalists in the Fintech Challenge Vietnam (FCV) – the first-ever financial technology contest in the country has been officially announced, according to the Asian Development Bank (ADB) in Vietnam on March 20.
Hanoi (VNA) – The list of 16 finalists in the Fintech Challenge Vietnam (FCV) – the first-ever financialtechnology contest in thecountry has been officially announced, according to the Asian Development Bank(ADB) in Vietnam on March 20.
TheFCV was co-organised by the State Bank of Vietnam (SBV), the Mekong BusinessInitiative (MBI) – a programme funded by the Australian Government and the ADB,the Vietnam Bankers Association (VNBA), and the Vietnam Fintech Club.
It aims to encourage innovations in the financial services sector and promotegreater financial inclusion in Vietnam, focusing on five priority fields forfinancial inclusion, including e-Payments, e-KYC, Peer-to-Peer Lending, OpenAPI, and Blockchain.
The FCV had received 141 entries, including 45 from Vietnam and 97 from 27foreign countries and territories worldwide.
Fintech applications were judged on commercial criteria such as Innovation andRelevance, Management Capacity, and Scalability & Investment Readiness, andpotential impact on financial inclusion.
The finalists will present their products and business models in the “ShowcasePitch Day” scheduled for March 28. After that, they will be matched with FCVpartners who will serve as their mentors. They will work together in six-weekincubation and mentoring programme which will help refine and finaliseapplicants’ their business models in order to fit the local market context.
Inthe final competition “Finalists Pitch Session”, the candidates will presenttheir fintech solutions to a jury including members from big banks, financialexperts and investors.
The best solutions will have the opportunity to be introduced in the 2018Vietnam National Fintech Day, which was scheduled for May 28.-VNA
Up Co-working Space and the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) jointly opened a hi-end working space in Hanoi on October 10 to provide maximum support for the Vietnamese start-up community
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) on October 10 officially rolled out its one million USD startup support project ‘VPBank StartUp’ to aid the development of Vietnam’s start-up community.
Financial technology (fintech) should be used to strengthen regional integration and promote inclusive and sustainable development, speakers said at the 47th ASEAN Banking Council Meeting in Da Nang on November 24.
The trend of cashless payment and digitalisation in personal banking services is generating major opportunities and challenges to banks, especially amid Industry 4.0, according to a 2017 report on banking services compiled by IDG Vietnam Co. Ltd.
Foreign investors have poured nearly 1.5 trillion USD in Vietnam’s finance, banking and insurance sectors as of the end of January, according to statistics from the Foreign Investment Agency under the Ministry of Planning and Investment.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Illustrative image (Source: Internet) 
