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Vietnam's fintech industry revenue expected to hit $7.8 billion by 2020

Bich Phuong Saturday | 12/28/2019 00:20

Photo: pixbay.com

Vietnam has been surging to the front of Southeast Asia’s fintech race with participation of an estimated 120 companies and brands from services, wealth management to blockchain and digital payments.

As the country shifts its focus from low-tech manufacturing to a service-oriented economy, more efforts are going into building its information technology industry.

The economy continues to grow as a regional market for both domestic and global technology companies.

Fintech is among sectors showing great promise for growth is the fintech industry which is expected to hit $7.8 billion in revenue by 2020, according to Vietnam Employment Outlook 2020 published by Michael Page, a professional recruitment services firm.

"The continued movement of the technology, software, gaming and mobile segments, makes for a buoyant conversation around the start-up market, and marks technology in general as an exciting space", said Mark Donnelly, Director at Michael Page Vietnam.  

Vietnam's FMCG industry also looks set for success in the coming year. Employees can expect a 15 - 20% average salary increase when switching jobs within similar industries, report says.

As Vietnam's economy accelerates, the search for skilled top talent to fuel that growth continues.

Technical skills go a long way in numerous specialised fields, organisations are keen to hire employees with not just technical capabilities, but the soft skills required to succeed and lead at the workplace.

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