Vietnam is one of the leaders among ASEAN countries in the volume of financing for FinTech, second only to Singapore. (Photo laodong.vn)
Hanoi (VNS/VNA) - The FinTech market in Vietnam isexpected to grow to 18 billion USD by 2024, according to analystsat financial holding Robocash Group.
Vietnam is one of the leaders among ASEAN in terms of the volume offinancing for FinTech, second only to Singapore.
93% of all venture investments in the country is directed at e-wallets andthe e-money segment.
The total number of FinTech companies has grown to 97 since2016, an 84.5% increase. However, the number of newly launched start-upseach year decreased from 11 to 2.
The market features high competitiveness and a high entrybar.
Transaction volume has seen a 152.8% growth since 2016, with 29.5 millionnew FinTech users.
As a result, every second Vietnamese uses at least one FinTech service. TheVietnamese population's demand for digital services (transactions, payments andwallets) is remarkable.
According to company analysts, Vietnam FinTech is young and promising. Themarket valuation has increased from 0.7 billion USD to 4.5 billion USD since2016.
In the near future, the government will become more involved in FinTech,evidenced by the growing favourable legislation for financialtechnologies.
The FinTech regulatory sandbox and the legal framework for digital assets andcryptocurrencies will also further develop in the industry./.
Deloitte and cloud banking platform Mambu have identified the five steps merchants and fintech firms need to embrace in building a successful Buy Now Pay Later (BNPL) offering.
More than 36,500 new jobs were created in Ho Chi Minh City in the first quarter, 1,800 more than the same period last year, according to the municipal Department of Labour, Invalids and Social Affairs.
Fintech and e-commerce accounted for 70 percent of total venture capital in the country last year, and this trend is predicted to continue in 2022, Dau tu (Vietnam Investment Review) reported.
The London-based Global Economics Times magazine has awarded the Best New Fintech Product 2022 to "Fly first - Pay later", a technological product launched by the new-age carrier Vietjet and the MOVI consumer finance solution.
A workshop held in Hanoi on June 16 underlined the need for financial technology (fintech) services for the development of small- and medium-sized enterprises (SMEs).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Vietnam is one of the leaders among ASEAN countries in the volume of financing for FinTech, second only to Singapore. (Photo laodong.vn) 
