The country has seen a soar in investment this year (Photo: soha.vn)
Hanoi (VNA) - Veꦓnture capital funding pouring into Vietnamesefintech companies accounted for 36 percent of the total fintech investment inSoutheast Asia.
The country has seen asoar in investment this year compared to 0.4 percent last year, according to theFintech in ASEAN report released by the United Overseas Bank (UOB). Singapore took the leadingposition with 51 percent, down from 53 percent last year. Indonesia stepped downone place to third with 12 percent, compared to 37 percent last year. Thailand, Malaysia andthe Philippines accounted for less than 2 percent of Southeast Asia's totalfintech investment, down sharply from about 10 percent last year. In Vietnam, the leadingfield attracting venture capital in fintech companies was payment. VNPay, a Vietnamesee-payment solutions provider, took the lead in the report with total capitalrevealed to be 300 million USD this year. Singaporean insurancecompany Singapore Life ranked second with deals worth 110.3 million USD, whileVietnamese MOMO Pay e-wallet ranked third with 100 million USD. After attracting just 35million USD in 2014, the total amount of venture capital invested in thefintech sector in Southeast Asia has increased sharply over the past five yearsto 679 million USD last year. The total figure hasreached 1.14 billion USD from the beginning of 2019. With an annual growthrate of up to double digits, digital payment is expected to become the paymentmethod of choice from nearly 50 percent of transactions from now to 2025, andwill exceed 1 trillion USD. Fintech companies aretargeting about 300 million adults in Southeast Asia who do not have bankaccounts or access to associated investment, credit and insurance services. The number of financialtransactions made on mobile phones in Vietnam had nearly doubled as of March 31this year compared to last year, according to the State Bank of Vietnam. The Vietnamese mobilepayment market is expected to reach 70.9 billion USD by 2025, up from 16billion USD in 2016./.
Vietnamese financial technology startups are quickly catching up with Singapore in attracting Southeast Asian venture capital funding, according to the Japan-based Nikkei Asian Review.
While non-cash payments are admittedly on the rise, the cash payment habit and limited development of technology infrastructure are big problems for the country’s non-cash economy, experts have said.
A draft regulation put forward by the State Bank of Vietnam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 percent was discussed at a workshop in Hanoi on December 12.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The country has seen a soar in investment this year (Photo: soha.vn) 
