Scores of Fintech companies have had to cut their workforce by half because of slumps in sales and struggles navigating the law's grey areas.

Despite a drop in funding, Vietnam will continue to breed upcoming fintech unicorns in the long term thanks to its burgeoning fintech sector.

FPT Smart Cloud has joined forces with Home Credit Indonesia - a tech-based financing company with 6-million customers - in an official strategic partnership for AI development.

Swiss fintech startups should tap into opportunities in VN – 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.

Commercial banks, which see fintechs as a threat, are creating digital banking divisions or developing technology centers to create resources for digital transformation.

The Asian Development Bank (ADB) and Switzerland have signed a cofinancing agreement of up to $5 million to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam.

Fintech is rapidly transforming the financial sector in Viet Nam, but regulatory gaps still exist because laws have not kept up with the advances in technology.

Vietnam has one representative in the Global Platforms Ranking 2023, announced by TABInsights under The Asian Banker.

VGP - Viet Nam's fintech has reached new heights and the newly introduced regulatory sandbox is further fueling its growth.

E-commerce start-ups are becoming more and more popular and are considered relatively safe in the fields of innovative start-ups in Vietnam today.

While tech businesses around the world struggle to raise funds, some fintech companies in Southeast Asia continue to receive large sums.

Both foreign and domestic fintech firms are promoting connections with commercial banks to lend unsecured loans to individuals, and small and micro enterprises as demand for consumer and business loans at the end of the year is rising.

According to a recent report by Meta and Bain & Company, Vietnam is among the top 3 countries besides Indonesia and the Philippines to adopt new technologies such as fintech and metaverse.

DigiEx Group and Shinhan DS Vietnam have signed a memorandum of understanding on strategic partnership to expand the Offshore Development Center and build the Ecosystem of Digital Talent Developers in Vietnam for Fintech Solutions.

Cross-border merger and acquisition deals are being altered as a direct result of increasing inflation. Nevertheless, foreign investors are exploring untapped potential in the fintech industry to stay competitive in the digital era.

Vietnam is a top market in adopting new technologies, in which 58% of digital consumers have used online banking solutions, e-wallets, money transfer applications, and digital banking.

Embedded finance is the next big thing in the financial services industry as it has integrated seamlessly into the local fintech landscape in recent years, experts said at a meeting last Friday in HCM City.

The next unicorn technology startups in Asia Pacific may come from Vietnam, as the foundation for a solid ecosystem to support these businesses is underway, according to the Asian Development Bank (ADB).

Revenues from Vietnam's information technology (IT) sector in the first six months of 2022 were estimated at 72.5 billion USD, up 17.8% year on year, according to the Ministry of Information and Communications.