{"id":7051,"date":"2019-07-10T00:00:04","date_gmt":"2019-07-09T15:00:04","guid":{"rendered":"https:\/\/asia-prop.com\/?p=7051"},"modified":"2024-10-10T12:59:35","modified_gmt":"2024-10-10T03:59:35","slug":"vietnam-growing-fintech-market","status":"publish","type":"post","link":"https:\/\/asia-prop.com\/en\/column\/vietnam-growing-fintech-market\/","title":{"rendered":"Vietnam | Future of Fintech Market"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_36_1 counter-hierarchy ez-toc-counter ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">table of contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table of contents\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;\"><svg style=\"fill: #999999;color:#999999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999999;color:#999999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/asia-prop.com\/en\/column\/vietnam-growing-fintech-market\/#%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0%EF%BD%9C%E6%88%90%E9%95%B7%E3%81%99%E3%82%8B%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AFFintech%E3%81%AE%E5%B8%82%E5%A0%B4\" title=\"Vietnam \uff5c Growing Fintech Market\">Vietnam \uff5c Growing Fintech Market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/asia-prop.com\/en\/column\/vietnam-growing-fintech-market\/#%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0%E3%81%AE%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AF%E3%81%AE%E5%B8%82%E5%A0%B4\" title=\"Fintech market in Vietnam\">Fintech market in Vietnam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/asia-prop.com\/en\/column\/vietnam-growing-fintech-market\/#%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AF%E5%B8%82%E5%A0%B4%E3%81%AE%E6%8B%A1%E5%A4%A7%E3%81%AB%E3%81%8A%E3%81%91%E3%82%8B%E5%95%8F%E9%A1%8C\" title=\"Problems in expanding the fintech market\">Problems in expanding the fintech market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/asia-prop.com\/en\/column\/vietnam-growing-fintech-market\/#%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AF%E4%BC%81%E6%A5%AD%E3%81%AB%E3%82%88%E3%82%8B%E5%B8%82%E5%A0%B4%E3%81%AE%E6%9C%AA%E6%9D%A5\" title=\"The future of the market by fintech companies\">The future of the market by fintech companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/asia-prop.com\/en\/column\/vietnam-growing-fintech-market\/#%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0%E3%81%AE%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AF%E5%B8%82%E5%A0%B4%E3%81%AE%E6%9C%AA%E6%9D%A5\" title=\"The future of Vietnam&#039;s fintech market\">The future of Vietnam&#039;s fintech market<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0%EF%BD%9C%E6%88%90%E9%95%B7%E3%81%99%E3%82%8B%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AFFintech%E3%81%AE%E5%B8%82%E5%A0%B4\"><\/span><span style=\"font-weight: 400; font-size: 18pt;\">Vietnam \uff5c Growing Fintech Market<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Among the ASEAN member countries, Vietnam currently owns 24 incubators and research facilities, according to a recent study called \u201cASEAN FinTech Census 2018\u201d by Ernst &amp; Young (EY), one of the world&#039;s four largest accounting firms. And is ranked second. Singapore leads the ranking with 52 facilities.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0%E3%81%AE%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AF%E3%81%AE%E5%B8%82%E5%A0%B4\"><\/span><span style=\"font-weight: 400; font-size: 18pt;\">Fintech market in Vietnam<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Vietnam has emerged as an important market for fintech developers due to its younger average age, rising consumer spending, and the proliferation of smartphones and the internet. At present, 90% of transactions in Vietnam are done in cash, so fintech companies are mainly focused on developing payment services. Approximately 47% of Vietnam&#039;s Finetech startups focus on payment systems, making it the hottest area.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to EY, Vietnam currently has about 77 fintech companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the Topica Founder Institute, Vietnam&#039;s fintech startups in 2016 totaled US $ 129 million in investment, accounting for 63% of the total investment in startups.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fintech market reached $ 4.4 billion in 2017 and is expected to reach $ 7.8 billion by 2020.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AF%E5%B8%82%E5%A0%B4%E3%81%AE%E6%8B%A1%E5%A4%A7%E3%81%AB%E3%81%8A%E3%81%91%E3%82%8B%E5%95%8F%E9%A1%8C\"><\/span><span style=\"font-weight: 400; font-size: 18pt;\">Problems in expanding the fintech market<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong><a href=\"http:\/\/asia-prop.com\/wp-content\/uploads\/2022\/06\/fintech-ai-1.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone\" src=\"http:\/\/asia-prop.com\/wp-content\/uploads\/2022\/06\/fintech-ai-1.jpg\" alt=\"\" width=\"468\" height=\"320\" \/><\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400;\">One of the major challenges facing Vietnamese fine tech startups is the lack of government policies and regulations. Moreover, Vietnamese banks are reluctant to deal with fintech companies. Despite FinTech&#039;s technology allowing Vietnamese who do not have a bank account to become potential customers, the bank&#039;s reluctance seems to be unaware of Fintech&#039;s value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to EY, Vietnam&#039;s start-ups are facing a lack of talent and money as a problem.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AF%E4%BC%81%E6%A5%AD%E3%81%AB%E3%82%88%E3%82%8B%E5%B8%82%E5%A0%B4%E3%81%AE%E6%9C%AA%E6%9D%A5\"><\/span><span style=\"font-weight: 400; font-size: 18pt;\">The future of the market by fintech companies<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The whole thing about Vietnam&#039;s fintech market is that fintech companies look to a very optimistic future in terms of market expansion and revenue growth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to EY, 89% of Vietnamese fintech companies think their users are very enthusiastic about their services, and 87% believe the market will continue to grow for the next 12 months. is showing.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0%E3%81%AE%E3%83%95%E3%82%A3%E3%83%B3%E3%83%86%E3%83%83%E3%82%AF%E5%B8%82%E5%A0%B4%E3%81%AE%E6%9C%AA%E6%9D%A5\"><\/span><span style=\"font-weight: 400; font-size: 18pt;\">The future of Vietnam&#039;s fintech market<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The fact that Vietnam&#039;s main form of transaction is cash and the increasing popularity of smartphones, and these two points have given Vietnamese fintech companies a great opportunity to provide payment and settlement services to consumers. I will.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fintech will continue to attract large amounts of venture capital funding due to its high growth potential in Vietnam. In addition, vibrant start-ups are expected to see more mergers and mergers and acquisitions as they expand their market cap and discover new technologies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The growth of the fintech market will require investment, new technology and widespread smartphone adoption, but also a strong legal framework. The Vietnamese government has begun to take notice of the rise of fintech, establishing a steering committee on fintech last year and announcing plans to reduce cash transactions to less than 10% of total transactions by 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Vietnamese government will continue to work closely with the public and private sectors to acquire new technologies, including fintech, expand access to information technology among Vietnamese citizens, and promote the introduction of fintech throughout Vietnam. It is expected that a legal framework will be put in place.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-\u30db\u30fc\u30c1\u30df\u30f3\u306e\u4e0d\u52d5\u7523\u306e\u8cfc\u5165\u30fb\u6295\u8cc7\u30fb\u58f2\u5374\u30fb\u8cc3\u8cb8\uff5c\u9234\u6728\u4e0d\u52d5\u7523 wp-block-embed-\u30db\u30fc\u30c1\u30df\u30f3\u306e\u4e0d\u52d5\u7523\u306e\u8cfc\u5165\u30fb\u6295\u8cc7\u30fb\u58f2\u5374\u30fb\u8cc3\u8cb8\uff5c\u9234\u6728\u4e0d\u52d5\u7523\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"6BjKFztIw9\"><a href=\"https:\/\/asia-prop.com\/en\/column\/vietnam-is-about-to-eliminate-transaction-limit-of-electronic-payment\/\">Risk consideration to abolish the transaction limit of Vietnam electronic payment<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"\u201cVietnam Elimination of electronic payment transaction limit, risk consideration\u201d \u2014 Ho Chi Minh real estate purchase\/investment\/sale\/rental\uff5cSuzuki Real Estate\" src=\"https:\/\/asia-prop.com\/column\/vietnam-is-about-to-eliminate-transaction-limit-of-electronic-payment\/embed\/#?secret=6iojXY4qte#?secret=6BjKFztIw9\" data-secret=\"6BjKFztIw9\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Investment in Vietnam is Ho Chi Minh Suzuki Real Estate<\/span><\/p>\n\n\n\n<p>We support rental and purchase of condominiums, offices and investment real estate, mainly in Ho Chi Minh, Vietnam.<\/p>\n\n\n\n<p>Our strength is to provide buyers with accurate and accurate information in a timely manner.<\/p>\n\n\n\n<p>This website introduces the latest news articles on real estate, economy, travel, and events related to Vietnam.<br>Based on my experience as a consultant in Hong Kong, the article also introduces real estate, management, accounting, tax, and labor affairs.<br>If you like, please take a look.<\/p>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":7056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[67],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/posts\/7051"}],"collection":[{"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/comments?post=7051"}],"version-history":[{"count":16,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/posts\/7051\/revisions"}],"predecessor-version":[{"id":130615,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/posts\/7051\/revisions\/130615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/media\/7056"}],"wp:attachment":[{"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/media?parent=7051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/categories?post=7051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/tags?post=7051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}