Building A Robust Fintech Ecosystem in Vietnam: Insights from Global Experiences and Enterprise-Research Institution Collaboration

Abstract

The rapid rise of Financial Technology (FinTech) has significantly transformed global financial systems, offering vast opportunities for emerging economies like Vietnam to address financial inclusion and accelerate economic development. FinTech innovations, such as mobile payments, blockchain, peer-to-peer lending, and insurtech, provide scalable solutions to bridge the persistent gaps in access to financial services, particularly in rural and underserved regions. However, establishing a sustainable FinTech ecosystem in Vietnam depends on fostering robust institutional collaboration. This paper investigates the role of enterprise-research institution collaboration in facilitating the creation of such ecosystems, with a specific focus on Vietnam. The study examines policy strategies that encourage collaboration, identifies barriers to effective cooperation, and draws on global best practices to offer a roadmap for the development of Vietnam's FinTech sector. Furthermore, it highlights the importance of public-private partnerships (PPPs), sound regulatory frameworks, and infrastructure investments in creating an environment conducive to...