Vietnam sets a winning fintech growth model for Southeast Asia

Its government plays a huge role in the country's fintech hub emergence.


Syamil Faisal

19 Dec, 2019

Vietnam sets a winning fintech growth model for Southeast Asia | BEAMSTART News

- From our Sponsors -

Vietnam becomes a breeding ground for fintech industry this year as the country accounts for up to 36% of fintech investment from VC in Southeast Asia's — a drastic increase from its 0.4% in 2018.

The government plays a substantial role to push Vietnam into a cashless society by giving technology access from overseas to startups with the Law on Technology Transfer, and funnelling fund into new startups from implementing tax breaks to hi-technology sectors and special technology zones.

With the rise of Vietnamese fintech startups, the market in the country sets to reach $9 billion in value by 2020.

On top of that, the fintech ecosystem sees a huge boost from the partnerships forged between 72% of fintech startups with the local banks — banks are seeing benefits with its increased internet banking payments by 19.5% in 2018.

Investors acknowledge the long-term growth in Vietnam's fintech sector as the country is charging forward in building the necessary facilities, partnerships, and incubating its talent pool for the strong growth in its fintech market.

- From our Sponsors -

Latest Jobs

Senior Frontend Engineer

Cofactr

New York, United States

Full Time

USD 150000 — USD 180000 yearly

Head of Sales-City

Explorex

Bengaluru, India, United States

Full Time

USD 13000 — USD 19000 yearly

Human Resources Business Partner/ HR Manager - Entry/Experienced/Managerial

Homebase

Ho Chi Minh City, Vietnam, United States

Full Time

Salary Undisclosed

Group Product Manager, Platform

R2

Mexico City, Mexico, United States

Full Time

Salary Undisclosed

NLP Research Engineer

Genei

London, United Kingdom, United States

Full Time

USD 100 — USD 120 yearly

Photo Booth Promoters [Mass Hiring]

Recruit Advance

Singapore

Full Time

SGD 1800 — SGD 2200 monthly

Business Development Intern

Shopee

Kuala Lumpur, Malaysia

Internship

MYR 400 — MYR 700 monthly

Sr. Backend Engineer - Node.js (remote)

Peakflo

Singapore, Singapore, United States

Full Time

Salary Undisclosed

Growth Executive - New Product

Firstbase.io

New York, United States

Full Time

Salary Undisclosed

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).