Policies for The Development of The Smart Finance Ecosystem in Vietnam

Abstract

This paper examines the development of Vietnam's smart financial ecosystem, focusing on the policies driving the growth of financial technology (fintech) in the country. Despite notable progress, challenges such as infrastructure limitations, cybersecurity concerns, and the need for enhanced regulatory frameworks persist. The study compares Vietnam's fintech landscape with leading countries like Singapore, India, and China, highlighting best practices. Using a combination of literature review and expert interviews, the paper discusses the key drivers, challenges, and opportunities for growth. It concludes with policy recommendations to strengthen infrastructure, improve security, and support fintech startups, aiming to foster a sustainable and inclusive financial ecosystem in Vietnam.