What is to be Done? A Landscape Analysis of Fintech Policy in Vietnam
Abstract/Contents
- Abstract
- Vietnam's economy is booming. Similar to most other ASEAN nations, the majority of the population of Vietnam is still unbanked. Trying to tackle this problem, Vietnam’s FinTech industry is on the rise due to strong economic growth, rising banking penetration, and increasing internet and smartphone users. The Vietnamese government has issued regulatory initiatives to foster its FinTech ecosystem and promote a cashless society. Despite such regulatory developments, the field of FinTech does not have a full legal framework. The ambiguity, lack of transparency, and especially contradiction among different legal regulations limit FinTech growth. In order to shed light on the potential impacts of ambiguity of FinTech regulation in Vietnam's emerging market economy, this paper conducts a landscape analysis of current FinTech policy with a focus on electronic payments and lending areas. Additionally, this paper provides insights into how FinTech startup companies are currently being regulated and discusses strategies that the government might wish to pursue going forward. The growing FinTech scene in Vietnam is playing a dominant role in economic development. A deeper understanding of the role of FinTech policy frameworks can be useful to government officials, investors, financial institutions, and FinTech startup founders.
Description
| Type of resource | text |
|---|---|
| Date created | March 20, 2020 |
Creators/Contributors
| Author | Do, Long |
|---|---|
| Primary advisor | Duffie, Darrell |
| Degree granting institution | Stanford University, Public Policy Program |
Subjects
| Subject | Stanford University |
|---|---|
| Subject | Humanities and Sciences |
| Subject | Public Policy Program |
| Subject | FinTech |
| Subject | Policy |
| Subject | Regulation |
| Subject | E-payments |
| Subject | P2P Lending |
| Subject | Vietnam |
| Genre | Thesis |
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- This work is licensed under a Creative Commons Attribution 3.0 Unported license (CC BY).
Collection
Stanford University, Public Policy Program, Masters Theses and Practicum Projects
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- longkimdo@gmail.com
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