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Vietnam leading the way for Southeast Asia’s fintech growth

Asia is on track to be the world’s center of gravity

Hanoi and Ho Chi Minh City were hardly the first places you would look to for financial technology successes back in 2018. However, in just over a year, Vietnam now attracts more than 36 percent of ASEAN’s total fintech investment.

Thanks to the government’s forward-thinking policies to encourage the adoption of digital payments, electronic banking services and tax exemptions for startups, it presently houses over 154 fintech companies. Experts predict that Vietnam’s fintech market will hit USD 9 billion by the end of 2020.

Discover why Myanmar’s growing stature could open new opportunities for India in Southeast Asia: China's Belt and Road detours downstream in Myanmar - Asia Times.

Check out more insights into Asia trends on DKSH’s Insights.