Vietnam Fintech Market to Grow at 13.41% During 2024-2032, Stimulated by Rising Preferences for Digital Payments

December 18, 2023 | BFSI

According to the latest report by IMARC Group, titled “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,” the Vietnam fintech market is expected to exhibit a CAGR of 13.41% during the forecast period (2024-2032). Financial technology (Fintech) refers to the integration of technological advancements into financial services to improve their use and delivery. It comprises a wide range of applications, such as mobile banking, peer-to-peer payments, cryptocurrency, and blockchain technology. It offers access to financial services, making them available to a broader population, including those previously underserved by traditional banking institutions. It also improves security and lower costs, benefiting both users and businesses. It also facilitates international transactions and global financial interactions more seamlessly. It fosters continuous innovation in financial services, encouraging traditional institutions to adapt and improve their offerings. It is employed in payment systems, making it easier for people and businesses to transfer and receive money electronically.

Vietnam Fintech Market Trends:

At present, the rising shift from cash to digital payments with mobile wallets, online banking, and quick response (QR) code payments represents one of the major factors impelling the growth of the market in Vietnam. Additionally, the increasing recognition of fintech as a tool for providing access to financial services for the unbanked and underbanked is strengthening the market growth. This is fostering entrepreneurship and enabling efficient business operations. Besides this, the growing smartphone usage due to increased internet connectivity allows a larger portion of the population to engage with digital financial services. Moreover, the rising adoption of cutting-edge technologies, such as blockchain, artificial intelligence (AI), and machine learning (ML) in financial services for advancing the fintech to enhance security protocols and personalize financial services for improving operational efficiencies for financial institutions is bolstering the market growth in the country. In addition, the increasing implementation of regulatory reforms and initiatives like the development of a regulatory sandbox for fintech are promoting innovation while ensuring user protection and financial stability. Furthermore, the growing emphasis on financial literacy and education about the benefits, risks, and proper use of fintech services is positively influencing the market. This focus on education aims to ensure that individuals are well-informed and can make the best use of the financial innovations available to them.

Market Summary:

  • Based on the type, the market has been segmented as digital payments [online purchases and POS (pint of sales) purchases], personal finance [digital asset management services and remittance/international money transfers], alternative financing [P2P lending, SME lending, and crowdfunding], Insurtech [online life insurance, online health insurance, online motor insurance, and others], B2C financial services market places [banking and credit and insurance], e-commerce purchase financing, and others.
  • Region-wise, the market has been segregated into Northern Vietnam, Central Vietnam, and Southern Vietnam.
  • The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.

Report Scope:

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: 
  • Type
  • Region 
Types Covered
  • 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
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

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.
Vietnam Fintech Market to Grow at 13.41% During 2024-2032, Stimulated by Rising Preferences for Digital Payments
Purchase options

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

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC 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
Greenfish S.A.

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
Colruyt Group

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
Zee Media Corp. Ltd.

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
Arabian Plastic Manufacturing Company Ltd.

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
Sumitomo Corporation

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
Hameln Rds

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
Quality Consultants BV

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
TATA Advanced Systems Limited

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