Minister of Finance Ho Duc Phoc has signed Decision No. 1484/QD-BTC promulgating the Ministry of Finance (MoF)’s digital transformation plan to 2025 and orientation to 2030. The goal is to establish a modern, public, and transparent digital financial platform by 2025 based on big data and open financial data. By 2030, a rich and modern digital financial ecosystem is to be formed in all fields, ensuring the effectiveness and safety of information.

Validus Vietnam, the TTC Group, and venture capital fund Do Ventures have announced a joint venture with the goal of promoting comprehensive financial solutions for small and medium-sized enterprises (SMEs) in Vietnam. According to the World Bank, shortages of capital are increasingly serious for Vietnamese SMEs. About half have a cash flow of fewer than three months and more than 60 per cent have difficulties accessing credit.