Vietnam Fintech Summit 2024 (VFS): Accelerating innovation and collaboration in financial technology
Vietnam Fintech Summit 2024 (VFS) took place on November 26, 2024 at Pullman Hotel, Hai Phong. This is an activity within the framework of the National Creative Startup Day 2024 event series organized by the Ministry of Science and Technology in coordination with the People's Committee of Hai Phong City with the common goal of promoting connectivity, joining hands to develop the Vietnamese creative startup ecosystem (Together accelerating Viet Nam's startup ecosystem), increasing the attraction of domestic and foreign resources to develop the type of enterprise operating based on the exploitation of intellectual property, technology and new business models (startups).
The VFS event was co-organized by the Vietnam Software and IT Services Association (VINASA) and the Fintech Community - Techfest Vietnam, in collaboration with two leading technology communities in Asia - APAC DAO and Tech Vietnam Advocates, bringing together hundreds of leaders, entrepreneurs and financial technology experts at home and abroad, joining hands to promote innovation and sustainable development in the Fintech field. According to the welcoming speech of Dr. Pham Hong Quat, Director of the Department of Market Development and Science and Technology Enterprises, Ministry of Science and Technology, this year's event has been upgraded from a community event to an international event, with depth and expertise, helping to further promote the innovation ecosystem in Hai Phong in particular and Vietnam and the region in general
Potential for Fintech Development in Vietnam
As one of the fastest growing Fintech markets in the region, Vietnam currently stands out with over US$19 billion in total electronic payment transaction value and is the second largest market in ASEAN in terms of Fintech financial volume. The Fintech market value in Vietnam has increased from US$0.7 billion in 2016 to US$4.5 billion in 2022, with transaction volume increasing by more than 150% during this period and currently serving over 29 million users (according to Vietnam Plus)
The Vietnam Fintech Summit International Conference provides an ideal opportunity for Fintech startups to gain a deeper understanding of the Vietnamese financial market and connect with leading financial technology experts from around the world.
With many in-depth discussions and panels revolving around Fintech industry topics such as Open Banking trends, Open API cooperation, technology applications in cashless payments, the role of technology in expanding access to financial services for end users, and AI applications in the financial sector, more than 15 leading speakers from Prudential AI Labs, TMA Solutions, Indonesia Fintech Association, MBBank, Credos Partners and AthenaFS… shared practical lessons and international experiences to promote sustainable development and open up many cooperation opportunities in Vietnam's Fintech ecosystem.
Participation of prestigious partners and leading experts
Vietnam Fintech Summit 2024 is proud to have the participation and support of prestigious organizations in the fields of finance and technology, including two leading technology communities in the APAC region, DAO and Tech Vietnam Advocates, with a network of more than 40,000 experts; 5,000 technology enterprises in Asia and the region.
The conference brings together more than 30 leading Fintech community partners such as the African Fintech Network, iDEA Digital Finance Association Alliance, Digital Finance Association Alliance, Indonesia Fintech Association, Cambodia Finance and Technology Association, Cyberport - Hong Kong government's innovative startup incubator, Digital Pilipinas (Philippines), Global Fintech Institute (Singapore), Global Tech Advocates, Hong Kong Financial Industry Association, Luxembourg Department of Financial Technology, Philippines Fintech Association, Startup Vagabond, Tech Malaysia Advocates, Tech Singapore Advocates, Thailand Fintech Association, Global Impact Fintech Forum, Vietnam - Switzerland Economic Forum. Malaysia Fintech Association, Australia Fintech Association, Daejeon Center for Creative Economy & Innovation (DCCEI, Korea), BRICS Chamber of Commerce and Industry, TechSauce Thailand, official global PR publisher PRNewswire, Vietnam Silicon Valley Capital, Silicon India (India) and Vietnam CIO community. We would like to sincerely thank the valuable support from more than 30 domestic and foreign partners for the Vietnam Fintech Summit event.
