Despite being in its infancy, Vietnam’s fintech is propelling forward at an unprecedented pace, expected to surpass $18 billion by 2024. A natural magnet for capital, the country has been making waves in Southeast Asia after raising $375 million in funding during 3Q 2021.
With pro-growth government policies, a mobile-first unbanked population and numerous gateways for involvement, the fintech industry has expanded by over 5 times within the last 6 years. Further, 95% of Vietnamese banks are actively adopting the latest technologies for digital transformation.
While the Ministry of Finance and the State Bank of Vietnam have jointly established a regulatory sandbox to uplift tech innovations in the financial ecosystem, Vietnam’s Prime Minister has even asked the latter to pilot the use of cryptocurrency. To top it all, the Government’s primary agenda is now a complete digital transformation of the Vietnamese economy via the National Digital Transformation Programme.
With the continued support of Vietnam Banks Association (VNBA) and to provide a direct gateway to the country’s FSI, World Financial Innovation Series (WFIS) is coming to Vietnam again on 15 – 16 April 2024 at Melia Hanoi . The event will host over 500 technology and business heads from the leading Banks, Insurance & Micro-Finance institutions across the country.
Fintech’s forecasted worth by 2024
Banks actively adopting the latest technologies
Increase in the no. of fintech operators between 2016 – 2021
Population with internet access
Fintech firms in
Presenting the top inspiring names from the industry at the main stage to share crucial intelligence on the most pressing topics, which gets further enriched by a Q&A session.
It showcases thought leadership and cutting-edge knowledge for the growth of the entire business community. A perfect platform that projects the pulse of the industry.
Enabling the organizations to showcase their best to the many pre-qualified delegates at the event in real-time. The provision of using technology just adds on to the whole demonstration and helps in driving more leads from the top companies across the industry.
It’s specifically tailored for the organizations to get in the eyes of the region’s biggest stakeholders and uplift their overall brand image.
An exclusive session for more networking exposure, allowing attendees to break the ice with some spirit-lifting humour, while enabling them to unwind and rub shoulders against industry peers, thought leaders, and potential customers.
Allowing networking interactions to happen in a more relaxed and honest way, where receiving direct feedbacks is a given phenomenon.
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Special Report: In the final installment of our five-part series, we argue that for the foreseeable future, banks will continue to do what banks have always done. But the delivery of those services must become personalized,