VOV.VN - The development of Vietnam’s first financial center should initially focus on enhancing regional competitiveness before expanding to the global market, has said Philip J. Weights, Co-President of the Swiss FinTech Association (SFTA).

The controlled sandbox mechanism in the banking sector is expected to significantly enhance access to capital for small and medium-sized enterprises (SMEs), experts said at a recent seminar on the implementation of Government Decree No. 94.

The Ministry of Planning and Investment (MPI) has proposed a controlled pilot programme for fintech activities, including digital asset and cryptocurrency trades at financial centres.

The central city of Da Nang aims to have at least five FinTech companies with annual revenue exceeding VND1 trillion (over US$39.8 million), with a target of 2-3 FinTech companies per 1,000 residents.

A wide range of activities to promote financial technology (Fintech) will be held within the framework of the Ho Chi Minh City Fintech Road 2025.

Enterprises are sprinting on the last days of 2023 to compete their yearly production and business plans, and some are expanding their business activities to welcome the New Year 2024.

The Asian Development Bank (ADB) and the State Bank of Vietnam (SBV) on October 25 held a kick-off ceremony marking the implementation of the Swiss-funded US$5 million technical assistance, which aims to nurture financial technologies (fintech) serving the improvement of financial inclusion in Vietnam.

Representatives from financial and investment organisations, banks, insurance firms, and major businesses of the UK gathered at a seminar in London on October 23 to discuss experiences in developing international finance hubs, and relevant orientations for Ho Chi Minh City of Vietnam.

VOV.VN - International organizations and media outlets have continued to make a positive assessment of Vietnamese economic recovery and the nation’s outlook in the second half of the year.

The Vietnam Chamber of Commerce and Industry (VCCI) and OLEA Global - a digitised supply chain platform that empowers sustainable trade held a seminar on fintech financing for Vietnam’s exporters on July 20.