In the last 3 years, Vietnam’s start-up scene has tripled, and the biggest segment remains payments, such as Zalo Pay, MoMo, Moka are just a few of over 40 non-bank providers.
Furthermore, Vietnam ranks 10th on the Global Cryptocurrency Acceptance Index, demonstrating Vietnamese people’s openness to Blockchain technology. It is estimated that funding for this field quadrupled in just one year, going from US$3 billion in 2020 to over US$15 billion in 2021.
To meet this demand, investors are looking to Vietnam’s regulators to establish a best-in-class fintech and crypto regulatory system. In this podcast, we speak with Vietnam-based Russin & Vecchi lawyers about the fintech market and regulation developments there.