Update news fintech

Commercial banks could become technology firms by cooperating with technology firms, including telcos, to create a new growth space.

The second prop-tech wave in Vietnam

Some proptechs still have commitments from investors to provide huge capital, which shows the great potential of the platform in the future.

Chinese lending apps leave Vietnam quietly

Vietnam’s fintechs have discovered that some Chinese apps which have lent money at exorbitant fees have been leaving Vietnam quietly.

Investors more cautious about pouring money into startups

Analysts believe that mentors and angel investors in Vietnam are spending time taking care of their existing investment portfolios, rather than seeking new investors.

Vietnamese e-wallets charm investors

Hefty sums found their way to Vietnamese e-wallets from diverse partners during the year, turning the segment into one of the investment hotspots.

In Vietnam, fintechs thrive during Covid-19

More people are avoiding the use of bank notes during the COVID-19 pandemic.

Covid-19 forces Vietnam’s businesses to speed up digital transformation

It may take businesses only several months to carry out digital transformation and process standardization instead of several years as once thought because of the impact of the Covid-19 crisis.

Technology startups receive huge investments

Startups have successfully called for millions of dollars worth of investments since the beginning of the year.

Vietnam’s fintech explosion: investment capital soars from 0% to 36% in SE Asia

The investment capital poured into Vietnam’s fintechs in 2019 accounted for 36 percent of total capital into Southeast Asia. The figure was zero percent in 2018.

Are fintechs in Vietnam mostly e-wallets?

Investment funds had poured $410 million into Vietnam’s fintechs as of the end of September 2019, according to a report of PricewaterhouseCoopers, United Overseas Bank and Singaporean Fintech Association.

With no limitation on foreign ownership, Vietnam fintech market expects to boom

The State Bank of Vietnam (SBV) plans to set no limit on foreign ownership in fintechs.

EVFTA means much more than tax holiday

The following are some key points for those who do business with the EU to adopt a comprehensive view on the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA).

Vietnam’s fintechs increasingly attractive to foreign investors

The Vietnamese finance market has seen many investment deals by foreign investors who have poured money into startups, showing the attractiveness of the new industry.

AI is trend at Vietnam’s startups

Voice recognition technology, artificial intelligence (A.I), blockchain and big data are the major trends at startups in Vietnam in 2020.

2019: prosperous year for Vietnam’s e-commerce, fintech firms

Start-up activities are growing fast despite the slowdown of the global economy. The gap between Vietnam and the two regional leading countries, Indonesia and Singapore, has narrowed.

Flurry of activity upcoming in M&A

More Singaporean investment is expected to flow via mergers and acquisitions (M&A) in the months to come in Vietnam, focusing on finance, property, and fintech.

Only 2 percent of startups are 'real' startups: experts

The others are just companies following traditional business models with a bit of innovation.

Investors show keen interest in high tech startups

Investors say they have huge amounts of capital in hands and are seeking good technology startups to disburse the money.

Regulatory sandbox: the key to fintech success

The Vietnamese fintech startup ecosystem is now home to more than 150 companies and brands, covering a broad range of services from digital payments and alternative finance to wealth management and blockchain.  

Reflecting reality for foreign owner ratios

A recent draft decree from the State Bank of Vietnam raised eyebrows with its contents on ownership ratios for overseas groups when it comes to payment intermediary services.