SBV drafts regulations on a testing mechanism for Fintech

SBV drafts regulations on a testing mechanism for Fintech

VCN - To prevent risks and promote new products, services, and business models, the State Bank of Vietnam (SBV) has developed a draft Government decree stipulating a controlled testing mechanism in the banking sector.
Start-up enterprises are in recovery

Start-up enterprises are in recovery

With efforts towards digital transformation, calls for investment capital and cooperation for development, many start-up enterprises (start-ups) in Vietnam have quickly recovered and grown steadily
Investors eye promise of booming fintech market in Vietnam

Investors eye promise of booming fintech market in Vietnam

Despite Vietnam only accounting for 0.4 per cent of total fintech investment in Southeast Asia in 2018, this figure sharply increased in 2019 as venture capital funding pouring into Vietnamese fintech companies accounted for 36 per cent of total fintech i
Banks, fintech firms promote cashless payments during epidemic

Banks, fintech firms promote cashless payments during epidemic

To prevent the spread of the new strain of coronavirus in Vietnam customers are encouraged to adopt cashless payment methods
Vietnam ranks second in fintech investment in Southeast Asia

Vietnam ranks second in fintech investment in Southeast Asia

Venture capital funding pouring into Vietnamese fintech companies accounted for 36 percent of the total fintech investment in Southeast Asia
Billion-dollar fintech market awaits sandbox for breakthrough

Billion-dollar fintech market awaits sandbox for breakthrough

Regulators are working to finalise the experimental legal framework (sandbox) for healthy market development, accelerating economic growth. This exponential growth will help Vietnamese fintech companies to bloom.
Fintech startups: Must be "unique”

Fintech startups: Must be "unique”

VCN - Startups in financial technology (Fintech) are posing great opportunities for young people.
Conference to seek measures for Vietnam’s fintech development

Conference to seek measures for Vietnam’s fintech development

With cash still being the main payment mode, a youthful demographic and growing smartphone penetration, Vietnam offers great opportunities for fintech developers, experts said.
Fintech needs improved legal framework: experts

Fintech needs improved legal framework: experts

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 Se
Financial Supervisory Service of South Korea committees to assist Vietnam

Financial Supervisory Service of South Korea committees to assist Vietnam

The Minister of Finance Dinh Tien Dung had a working session with Yoon Suk Heun – Governor of Financial Supervisory Service of South Korea.
Fintech firm raises 1 million USD in funding from Singapore investor

Fintech firm raises 1 million USD in funding from Singapore investor

Vietnamese fintech firm Finhay had successfully raised nearly 1 million USD from Singapore-based Insigna Venture Partners and other investors, the company has announced.
Banks going the fintech M&A route

Banks going the fintech M&A route

Vietnamese fintech companies can expect a raft of foreign financial institutions seeking a relationship with them as the latter have found this route a promising one to access the underbanked population of the country
Banking services boost thanks to technology

Banking services boost thanks to technology

VCN- The financial technology (Fintech) is strongly impacting all management and banking operations.
Fintech changes financial landscape

Fintech changes financial landscape

A handful of winners have been named in a large scale fintech challenge providing inspiration and opportunities for many other fintechs to capture
Foreign capital eyeing Vietnamese fintech

Foreign capital eyeing Vietnamese fintech

Foreign investment funds have expressed renewed interested in Vietnamese financial technology startups despite a series of challenging setbacks that occurred in previous e commerce deals.
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