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Vietnam’s central bank scraps plan to limit foreign ownership at fintech firms

Vietnam’s central bank scraps plan to limit foreign ownership at fintech firms

The State Bank of Vietnam has decided not to cap 49% foreign ownership at fintech firms and is seeking approval from the Government, it said in a statement posted on website.

Yeah1 Group chairman registers to sell over 16% stake to strategic investor

Yeah1 Group chairman registers to sell over 16% stake to strategic investor

Chairman of Vietnamese digital media giant Yeah1 Group - Nguyen Anh Nhuong Tong plans to sell over 5 million shares, or over 16% stake to strategic investor, company said in a statement.

15/01/2020 - 14:19
Vietnam plans to launch commercial 5G services this year

Vietnam plans to launch commercial 5G mobile services this year, following world leading countries in telecommunication infrastructure upgrade to promote digital transformation, said the Ministry of Information and Communications.

28/12/2019 - 00:20
Vietnam's fintech industry revenue expected to hit $7.8 billion by ...

Vietnam has been surging to the front of Southeast Asia’s fintech race with participation of an estimated 120 companies and brands from services, wealth management to blockchain and digital payments.

26/12/2019 - 20:39
Vietnamese-created browser Coc Coc seeks funds for additional 6 million ...

Browser and search engine company seeking funds to reach target of 30 million mobile users next year.

26/12/2019 - 16:53
E-commerce firms burn money in Vietnam’s potential market

Vietnam's e-commerce firms are closing their online retail platforms after suffering losses in the potential market estimated up to $13 billion by 2020.

19/12/2019 - 10:26
MoMo serves as an exclusive e-wallet at Saigon Co.op retail system

MoMo e-wallet has been chosen as an exclusive electronic payment platform at over 800 supermarkets, shopping centers, and stores operated by Saigon Co.op nationwide.

16/12/2019 - 17:57
Mobile World expects $209.5 million profit in 2020, up 34%

Mobile World Investment Corporation (HoSE: MWG) plans 2020 after-tax profit at VND4.83 trillion ($209.5m).

12/12/2019 - 09:00
Govt’s draft for 49% foreign ownership cap in e-payment firms meets ...

Fintech industry insiders are concerned that Vietnamese government could be sued for imposing 49% foreign ownership limit at local fintech firms.

11/12/2019 - 15:56
Clever Group chuẩn bị niêm yết 7,4 triệu cổ phiếu trên sàn UPCoM

Sở Giao dịch Chứng khoán Hà Nội vừa chấp thuận cho startup mảng Digital Marketing Clever Group (mã ADG) đăng ký giao dịch 7,4 triệu cổ phiếu trên sàn UPCoM.

02/12/2019 - 11:23
E-wallet transaction should not exceed $4,324 per month

Vietnam central bank has issued regulation to restrict e-wallet user’s monthly transactions to no more than VND100 million ($4,324).

02/12/2019 - 10:35
Competition in the mobile wallet sector is heating up: VIR

As competition in the mobile wallet sector is heating up with new operators, big names in the industry continue to step up their game in the race for dominance.

22/11/2019 - 09:28
How can MoMo become a “super wallet” in Vietnam?

The development of Vietnam’s digital economy is “once-in-a-lifetime chance” helping MoMo to have more than 13 million users and strengthen its position in the international market.

14/11/2019 - 09:33
Huawei offers to back Vietnam’s digital transformation: VnEconomy

China’s Huawei leader proposed to help Vietnam in digital transformation and digital economic development during a meeting with Vietnamese officials on Wednesday.

11/11/2019 - 17:54
MoMo jumps 48 notches in the 100 Fintech global rankings

Vietnamese electronic wallet and payment application Momo jumped 48 places to 36th position in the top 100 global innovative fintech firms this year.

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