Two major deals in Vietnam consist of a $250-million investment into payment company VNPay and a $100-million investment into e-wallet MoMo, said the report by United Overseas Bank, PwC Singapore and Singapore FinTech Association, which covers the first nine months this year.

E-wallet apps are seen on a smartphone.

VNPay received the second biggest investment behind Grab Financial Group with a $300 million funding.

Fintech companies in Singapore attracted the most funding, accounting for 49 percent of total value, followed by Indonesia, 26 percent.

In fourth, fifth and sixth places were the Philippines, Thailand and Malaysia.

From 2017 to September this year, Vietnam had seen 76 new fintech companies established, bringing the total to 188.

E-wallets continue to gain popularity in Vietnam with the biggest being MoMo, used by 82 percent of respondents in a report survey.

ZaloPay followed at 62 percent, while VNPay claimed third place at 28 percent.

ASEAN fintech funding in the first nine months more than tripled compared to the entire 2020 to $3.5 billion.

Vietnam remains attractive investment destination: Report

Vietnam is still seen as an attractive destination and the problems of 2021 do not mean that foreign investors will turn away, according to a recent report by Singapore Institute of International Affairs (SIIA).

Bac Giang grants investment certificate to 20 projects at industrial parks in ten months

(BGO) – In October 2021, the Industrial Park Management Board (IPMB) in Bac Giang province adjusted Investment Registration Certificate to 12 project with total added capital of 3.26 million USD.

Vietnam is an investment destination in post-pandemic period: Bangkok Post

Investment during the pandemic has proved challenging for investors across the globe. However, hopes for this top-performing Asian economy are growing as the Vietnam market has outperformed other international peers thanks to its GDP growth amid Covid-19 last year, according to the Bangkok Post.

Yen Dung attracts six investment projects

(BGO) – Amid the impact of Covid-19 pandemic, Yen Dung district (Bac Giang province) has gained positive result in investment attraction with six new investment projects for the first nine months of this year totally worth nearly 2.7 trillion VND (119.3 million USD) and nearly 5.3 million USD.

Bac Giang continues speeding up schedule of public investment projects

(BGO) – The Chairman of Bac Giang provincial People’s Committee (PPC) has issued document urging to further speed up the schedule of public investment projects.  

Source: VnExpress