In recent year, when the 4th industrial revolution explored around the World, digital age has opened a new trend of payment. One of its achievement is using fin-tech to develop bank and finance field. Following that trend, there are many fin-tech companies established in Vietnam now. The rapid increasing in the number of Vietnam start-ups operating in the financial services sector, along with a corresponding growth in investment in this sector, has attracted significant attention from observers and the media. Vietnam currently ranks second amongst ASEAN member states in the number of incubators, accelerators, and innovation labs in the region. However, Fin-tech in Vietnam is still facing with many problems, such as the lack of legal system to govern inclusive activities of fin-tech companies is example. In this paper, the author will give some statistic and information of status using Fin-tech in Vietnam. The paper will analyze the problems Vietnamese fin-tech company facing now. Then, the author will give recommendation to suggest some solutions to improve the stature of Fin-tech in the next period. To do this research, the author use many methodologies such as using data base of some organization, analysis and assessment, make survey, refer regulation and law of Vietnam, etc.
| Published in | International Journal of Finance and Banking Research (Volume 7, Issue 3) |
| DOI | 10.11648/j.ijfbr.20210703.12 |
| Page(s) | 76-81 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2021. Published by Science Publishing Group |
Fin-tech, Facts, Problems, Solutions, Vietnam
| [1] | Nghiem Thanh Son (2020), Facts and Solutions to completing legal system on Fin-tech in Vietnam, Journal of Banking, Volume 3. |
| [2] | World Bank, Payment system remittances, http://www.worldbank.org. |
| [3] | Casey Hynes (2018), How Vietnam’s Fin-tech Market Could Reach Nearly $8 Billion By 2020, https://www.forbes.com. |
| [4] | How Vietnam will adapt to the Fin-tech revolution, https://www.vir.com.vn. |
| [5] | Vietnam News (2018), MoMo named in Fin-tech100 report, https://vietnamnews.vn. |
| [6] | Financial technology, https://en.wikipedia.org. |
| [7] | Phuong Linh (2018), Fin-tech co-operation – The trend of modern banking, www.sbv.gov.vn. |
| [8] | Fin-tech News Vietnam, (2019), A Review of Vietnam’s Fin-tech Industry in 2019, https://fin-technews.sg. |
| [9] | Global Fin-tech Industry 2020 – 2024, Market report, https://www.reportlinker.com. |
| [10] | The Business Research Company (2020), Fin-tech Global Market Opportunities and Strategies To 2030: COVID 19 Impact and Recovery, https://www.reportlinker.com. |
| [11] | G. I. Khotinskay (2019), Fin Tech: Fundamental Theory And Empirical Features, Conference: GCPMED 2018 - International Scientific Conference "Global Challenges and Prospects of the Modern Economic Development, DOI: 10.15405/epsbs.2019.03.23. |
| [12] | Young-mo kangKyeong HanKyeong HanSe-Jeong ParkJong-Bae Kim (2016), A Study on the Trends of Fin Tech, DOI: 10.14257/ijunesst.2016.9.7.07. |
| [13] | Nicola PierriYannick TimmerYannick Timmer (2020), Tech in Fin before FinTech: Blessing or Curse for Financial Stability, DOI: 10.5089/9781513519258.001. |
| [14] | Ashwini Sanmath (2018), Fin Tech Banking – The Revolutionized Digital Banking, DOI: 10.31142/ijtsrd18699. |
| [15] | Jing Wang (2020), The Routledge Handbook of Critical Finance Studies. |
APA Style
Tran Van Nam - Pham Thanh Nga. (2021). A New Trend of Developing the Fin-tech in Vietnam. International Journal of Finance and Banking Research, 7(3), 76-81. https://doi.org/10.11648/j.ijfbr.20210703.12
ACS Style
Tran Van Nam - Pham Thanh Nga. A New Trend of Developing the Fin-tech in Vietnam. Int. J. Finance Bank. Res. 2021, 7(3), 76-81. doi: 10.11648/j.ijfbr.20210703.12
AMA Style
Tran Van Nam - Pham Thanh Nga. A New Trend of Developing the Fin-tech in Vietnam. Int J Finance Bank Res. 2021;7(3):76-81. doi: 10.11648/j.ijfbr.20210703.12
Share This Article
Twitter
Linked In
Facebook
Copy
Download@article{10.11648/j.ijfbr.20210703.12,
author = {Tran Van Nam - Pham Thanh Nga},
title = {A New Trend of Developing the Fin-tech in Vietnam},
journal = {International Journal of Finance and Banking Research},
volume = {7},
number = {3},
pages = {76-81},
doi = {10.11648/j.ijfbr.20210703.12},
url = {https://doi.org/10.11648/j.ijfbr.20210703.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20210703.12},
abstract = {In recent year, when the 4th industrial revolution explored around the World, digital age has opened a new trend of payment. One of its achievement is using fin-tech to develop bank and finance field. Following that trend, there are many fin-tech companies established in Vietnam now. The rapid increasing in the number of Vietnam start-ups operating in the financial services sector, along with a corresponding growth in investment in this sector, has attracted significant attention from observers and the media. Vietnam currently ranks second amongst ASEAN member states in the number of incubators, accelerators, and innovation labs in the region. However, Fin-tech in Vietnam is still facing with many problems, such as the lack of legal system to govern inclusive activities of fin-tech companies is example. In this paper, the author will give some statistic and information of status using Fin-tech in Vietnam. The paper will analyze the problems Vietnamese fin-tech company facing now. Then, the author will give recommendation to suggest some solutions to improve the stature of Fin-tech in the next period. To do this research, the author use many methodologies such as using data base of some organization, analysis and assessment, make survey, refer regulation and law of Vietnam, etc.},
year = {2021}
}
TY - JOUR T1 - A New Trend of Developing the Fin-tech in Vietnam AU - Tran Van Nam - Pham Thanh Nga Y1 - 2021/08/23 PY - 2021 N1 - https://doi.org/10.11648/j.ijfbr.20210703.12 DO - 10.11648/j.ijfbr.20210703.12 T2 - International Journal of Finance and Banking Research JF - International Journal of Finance and Banking Research JO - International Journal of Finance and Banking Research SP - 76 EP - 81 PB - Science Publishing Group SN - 2472-2278 UR - https://doi.org/10.11648/j.ijfbr.20210703.12 AB - In recent year, when the 4th industrial revolution explored around the World, digital age has opened a new trend of payment. One of its achievement is using fin-tech to develop bank and finance field. Following that trend, there are many fin-tech companies established in Vietnam now. The rapid increasing in the number of Vietnam start-ups operating in the financial services sector, along with a corresponding growth in investment in this sector, has attracted significant attention from observers and the media. Vietnam currently ranks second amongst ASEAN member states in the number of incubators, accelerators, and innovation labs in the region. However, Fin-tech in Vietnam is still facing with many problems, such as the lack of legal system to govern inclusive activities of fin-tech companies is example. In this paper, the author will give some statistic and information of status using Fin-tech in Vietnam. The paper will analyze the problems Vietnamese fin-tech company facing now. Then, the author will give recommendation to suggest some solutions to improve the stature of Fin-tech in the next period. To do this research, the author use many methodologies such as using data base of some organization, analysis and assessment, make survey, refer regulation and law of Vietnam, etc. VL - 7 IS - 3 ER -
Information
Email: