Inquire Before Buying
Speak to an Analyst 
Request Brochure 
Request CustomizationIMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More
Vietnam Fintech Market Report by Type (Digital Payments, Personal Finance, Alternative Financing, Insurtech, B2C Financial Services Market Places, E-Commerce Purchase Financing, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A15044
Year End
sale
Buy Now
Market Overview:
Vietnam fintech market size is projected to exhibit a growth rate (CAGR) of 12.07% during 2024-2032. The rapid digital transformation, the increasing demand for user-friendly financial solutions, the rising integration of data analytics and artificial intelligence, the regulatory changes and open banking, and the growing investment from venture capitalists are some of the key factors driving the market.
|
Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023 |
|
Forecast Years
|
2024-2032
|
|
Historical Years
|
2018-2023
|
| Market Growth Rate (2024-2032) | 12.07% |
Fintech, short for "financial technology," is a dynamic and disruptive sector that revolutionizes how financial services are delivered, accessed, and managed through innovative technology. It encompasses various financial solutions, from digital payments and mobile banking to peer-to-peer lending, robo-advisors, blockchain-based cryptocurrencies, and beyond. Fintech companies leverage cutting-edge technologies like artificial intelligence, big data analytics, cloud computing, and blockchain to create efficient, secure, and user-friendly financial products and services. These innovations empower consumers, businesses, and even traditionally underserved populations by providing access to financial tools and services once the exclusive domain of established financial institutions. One of the defining characteristics of fintech is its commitment to improving financial inclusivity. Its solutions are often designed to reach the unbanked and underbanked, extending financial services to remote or economically disadvantaged areas. For example, mobile money platforms and digital wallets enable individuals to store, transfer, and access funds using just a smartphone, bypassing the need for traditional banking infrastructure. Fintech's impact extends far beyond consumer convenience. It has reshaped investment strategies, streamlined lending processes, and enhanced security measures. Moreover, it has spurred regulatory changes and prompted traditional financial institutions to adapt to the evolving landscape by embracing digital transformation and collaboration with fintech startups. It is a disruptive force that is shaping the future of finance by harnessing technology to create innovative solutions that are more accessible, efficient, and inclusive, ultimately empowering individuals and businesses to manage their financial lives better.
Vietnam Fintech Market Trends:
The market in Vietnam is majorly driven by the expanding digital infrastructure. The country boasts a rapidly growing population of internet users and smartphone owners, providing a fertile ground for fintech adoption. This widespread digital connectivity enables fintech companies to reach a large, tech-savvy customer base. Another driving force is the Vietnamese government's commitment to fostering a favorable environment for fintech development. Regulatory initiatives, such as issuing fintech-specific licenses, have provided a clear framework for startups to operate and innovate within the financial sector. Moreover, the government's emphasis on financial inclusion has encouraged using fintech to expand access to financial services, particularly in rural and underserved areas. Besides, the consumer demand for convenient financial services is a significant factor propelling market growth. Vietnamese consumers increasingly seek user-friendly digital banking, payment, and investment solutions. Mobile banking apps, digital wallets, and online payment platforms have gained popularity due to their convenience and accessibility. Additionally, the fintech market in Vietnam benefits from a robust startup ecosystem and a surge in venture capital investments. The influx of funding supports the development of innovative fintech solutions, attracting local and international investors to the sector. The country's young and dynamic population, characterized by a growing middle class, represents a substantial market for fintech products and services. As these consumers become more financially literate and demanding of modern financial solutions, fintech companies are well-positioned to meet their evolving needs.
Vietnam Fintech Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type.
Type Insights:
- Digital Payments
- Online Purchases
- POS (Point of Sales) Purchases
- Personal Finance
- Digital Asset Management Services
- Remittance/ International Money Transfers
- Alternative Financing
- P2P Lending
- SME Lending
- Crowdfunding
- Insurtech
- Online Life Insurance
- Online Health Insurance
- Online Motor Insurance
- Others
- B2C Financial Services Market Places
- Banking and Credit
- Insurance
- E-Commerce Purchase Financing
- Others
The report has provided a detailed breakup and analysis of the market based on the type. This includes digital payments (online purchases and POS (point of sales) purchases), personal finance (digital asset management services, remittance/ international money transfers), alternative financing (p2p lending, SME lending, crowdfunding), insurtech (online life insurance, online health insurance, online motor insurance, others), b2c financial services market places (online life insurance, online health insurance, online motor insurance, others), e-commerce purchase financing, and others.
Regional Insights:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Vietnam Fintech Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
| Types Covered |
|
| Regions Covered | Northern Vietnam, Central Vietnam, Southern Vietnam |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Vietnam fintech market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Vietnam fintech market?
- What is the breakup of the Vietnam fintech market on the basis of type?
- What are the various stages in the value chain of the Vietnam fintech market?
- What are the key driving factors and challenges in the Vietnam fintech?
- What is the structure of the Vietnam fintech market and who are the key players?
- What is the degree of competition in the Vietnam fintech market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam fintech market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam fintech market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam fintech industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.
Read More
I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested
Read More
Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.
Read More
The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.
Read More
I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you
Read More
The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.
Read More
One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.
Read More
We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.
Read More
The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.
Read More
The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.
Read More
The report is excellent and has good amount of data and our team is extremely happy with the information provided.
Read More
Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.
Read More