As Vietnam has a fertile consumer finance market, more foreign players are considering joining the bandwagon by tying up with local peers.

Vietnam’s 2019 credit growth came in at just 12.1%, underperforming the State Bank of Vietnam (SBV)’s 14.0% target for the year. This marked a second year of deceleration since credit growth peaked at 18.2% in 2017.

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.  

Merger and acquisition activities in Vietnam's banking sector are expected to grow in the years to come despite certain regulatory barriers hindering foreign investors.

The Vietnamese Government will create the most favourable conditions for firms from the Republic of Korea (RoK) to operate successfully in Vietnam, Prime Minister Nguyen Xuan Phuc said on November 11.

The EU has a strong financial services market and the EVFTA will have a significant impact on the Vietnamese economy and finance market.

PwC polled over 500 financial services and technology executives worldwide to figure out the factors that will determine the winners and losers of fintech.

The General Statistic Office (GSO) announced on August 16 that it has started a process to revise the country’s GDP calculation.

Prime Minister Nguyen Xuan Phuc held talks with Prime Minister Shinzo Abe on July 1 as part of his attendance at the G20 Summit and visit to Japan.

 The finance, banking and insurance industry expanded 7.89 percent in the first nine months of this year, the highest level recorded in the past seven years.

 The Prime Minister has signed a decision to establish a 39-member National Financial and Monetary Policy Consultation Council led by Deputy Prime Minister Vuong Dinh Hue.

 VietNamNet Bridge – Sixty-seven tech startups in Vietnam got finances from venture funds last year, more than double the number in 2014, according to Topica Founder Institute.

 HCM City Metro wins investment; Tax cuts likely for micro financiers; Belgian Minister prepares to study Hiep Phuoc Port complex; PM demands dairy hike explanation

 Bigger incentives proposed to spur supporting industries; Vung Tau swoops into top ten; Procedures still concern realty developers; Kinh Do ventures into instant noodle market

 Low occupancy rates drive away hotel investment; $100m spent on highway upkeep; Furniture sector hit by price hikes; HCM City wholesale, retail buildings on rise

 VietNamNet Bridge – The number of enterprises that ceased operations rose by 12.3 per cent in the first half of the year, according to the Ministry of Planning and Investment (MPI).

 Construction sector declines 5.4 percent; Asset management company established; Mekong Delta promotes trade and investment; VN Tourism Culture Festival in RoK; Ho Chi Minh City records 7.9% economic growth in six months

Foreign investor decree clarified; Fuel hike to drive up fares; Businesses turn to black market for capital; Socio-economic picture in first quarter; Vietnam turns sci-tech into key driving force

 HCM City to reclaim coastal land; Governor meets Danang entrepreneurs; Mekong Capital sells stake in phone distributor; Investors’ role should be enhanced in land withdrawal