Vietnam Fintech Digital Investment Market Size | 2019-2033

Vietnam Fintech Digital Investment Market Growth and Performance  

• Vietnam fintech digital investment market size is expected to witness substantial growth in the coming years, expanding at a CAGR of 19.0 %, to achieve market value of US$ XX.16 Billion by 2033.
• The individual consumers segment stood at US$ XX.07 Billion in 2023.

Vietnam Fintech Digital Investment Market Outlook

Vietnam fintech digital investment market is undergoing a profound transformation, propelled by robust government support, global investor interest, and an increasingly digital-savvy population. In 2025, this momentum was exemplified by the Vietnam Innovation and Private Capital Summit (VIPC), which brought together over 1,000 delegates and 200 investors from across Asia, the Gulf, and Europe. This marked a strategic turning point, reflecting Vietnam’s growing stature in the private capital ecosystem and reinforcing its ambition to become a regional fintech powerhouse.

The government's proactive stance, led by Deputy Prime Minister Nguyen Chi Dung, has been instrumental in creating an innovation-friendly environment. One of the most promising developments is the launch of a Regulatory Sandbox in 2026 at Vietnam's Financial Center. Designed to accelerate fintech innovation, the sandbox allows companies to test solutions in a controlled, compliant environment. Priority areas include AI-driven credit scoring, open banking APIs, and peer-to-peer lending. These sectors are not only critical for Vietnam’s fintech roadmap but also align with broader global fintech trends. For instance, companies offering credit scoring using big data and machine learning are rapidly scaling across emerging markets, and Vietnam is well-positioned to ride this wave.

Vietnam fintech sector is the second fastest-growing in ASEAN, behind only Singapore, and is projected to reach a valuation of $18 billion by the end of 2024. This growth is underpinned by digital transformation initiatives, including the National Digital Transformation Programme, which aims to raise the digital economy’s share of GDP to 25% by 2025 and 30% by 2030. In tandem, Vietnam’s digital economy was the fastest-growing in Southeast Asia in 2022, with a 28% YoY growth rate. Despite an 84% decline in fintech funding between 2022 and 2023, the market remains resilient, with early-stage investments gaining traction through players like 1982 Ventures and innovation-driven platforms like Payoneer.

One standout example is MoMo, a fintech unicorn that serves nearly one-third of Vietnam’s population. Its ecosystem, which combines mobile payments, e-wallets, and strategic banking partnerships, has bridged the financial inclusion gap, particularly for underserved communities. With an IPO planned for 2025, MoMo represents a success story that mirrors the aspirations of many fintech startups in the region.

The digital payment landscape is another high-growth vertical. Non-cash transactions now account for 90% of banking activities, and mobile banking penetration reached 23% in Q4 2023—surpassing some fintech apps. QR code payments have seen explosive growth, with transaction volumes rising 892.95% and transaction values up 1,062.01% from January 2023 to January 2024. This shift is further accelerated by the rise in e-wallet usage, which jumped from 12.3 million users in 2019 to over 41 million in 2023, with expectations to surpass 50 million in 2024.

Vietnam’s banks are also adapting quickly, with 96% having established digital transformation strategies. AI is being integrated across operations—from fraud detection to customer engagement and ESG reporting—setting the stage for more personalized and efficient financial services. Cross-border digital payment infrastructure is expanding as well, with Vietnam aiming for interoperability across ASEAN, China, Japan, and South Korea by 2025.

Though the market faced a temporary funding dip, macroeconomic shifts such as falling U.S. interest rates and rising blockchain adoption are expected to reignite investor enthusiasm. Additionally, the country’s legal framework has been enhanced to support non-cash and crypto-based transactions, further boosting confidence among institutional and private investors.

Vietnam fintech digital investment market is not just growing—it is evolving with purpose. Fueled by innovation, strategic policy, and a young, connected population, Vietnam is emerging as a fintech hub of Southeast Asia, offering vast opportunities for domestic startups, foreign investors, and regional collaboration.

Vietnam Fintech Digital Investment Market Scope