VGU RESEARCH REPOSITORY
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Title: | Development prospects and impediments to fintech companies in the Vietnamese financial market | Authors: | Bui Minh Trung | Keywords: | Fintech;Vietnamese financial market;Scientific advancement | Issue Date: | 2023 | Abstract: | The transition of science in the modern epoch morphs the fashion in which mankind make headway in the glory days of connectivity and integration (Wardynski, 2019). The deep- seated endeavors of service suppliers are provoked by digital revolution, which nurtures the entire financial sector to polish more premium alternatives (OECD, Digital Disruption in Banking and Its Impact on Competition, 2020). Due to the convergence of a multitude of exogenous factors, along with the dawning of digitalization and the intrinsic upheaval of clients' aspirations, the ubiquity of Fintech companies has transpired. The groundbreaking disruptors have jarred the whole financial sector. Since compared to the Fintech markets of more developed nations, Vietnam's remains still in its nascent stage. Fintech industry is viewed as a catalyst for the upcoming acceleration of the Vietnam's dynamic financial system. In light of the paucity of preceding coverage of the subject, this paper aspires to fill this void by performing in-depth interview sessions with leading figures in the Vietnamese Fintech industry in order to garner the multifaceted standpoints and the Vietnamese Fintech firms' marketing strategies and practices. Therefore, this study could intuitively paint an all-embracing portrait of the Fintech industry in the Vietnamese settings, which could lay out the theoretical groundwork for continued devotion in this field. Besides that, by expounding thoroughly the conceptual premises of Zavolokina, Dolata, & Schwabe (2016) and Lee & Shin (2018), along with the robust review of the literature, this research project frames a fundamental cornerstone for the follow-up exploratory first-hand insight acquisition and evaluation stage. By embracing qualitative research in the form of inductive logic and thematic analysis avenue, semi-structured and open-ended expert interviews can be scrutinized methodologically, together with the desk research sources, which all in all yield the credible and scientific deliverables for this paper. Furthermore, this paper's overarching goal is to present a holistic picture of the outlook and roadblocks that Vietnamese Fintech businesses are encountering, the intricate compendium of experts' attributes via the empirical study could realize those aforementioned desires, which in turn, will constitute an essential premise for continued dedication to the Vietnamese Fintech sector. |
URI(1): | https://epub.vgu.edu.vn/handle/dlibvgu/1677 |
Appears in Collections: | Finance & Accounting (FA) |
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