Organised by Austrade, the MoU signing ceremony was followed by a discussion session on fintech collaboration opportunities between Australia and Viet Nam.
The event was attended by Jonathan Saw, Australian Trade and Investment Counsellor in Viet Nam, along with representatives from the Viet Nam Banks Association, the Viet Nam Fintech Club, and leading business and industry organisations from both countries.
The MoU focuses on two primary objectives. First, it aims to foster a robust fintech ecosystem where startups and fintech firms can connect, share experiences, and scale up operations. Second, the agreement seeks to facilitate bilateral trade and investment in financial services and technology, with particular emphasis on academic partnerships, support for fintech delegations, and attracting high-quality capital flows between the two nations.
Jonathan Saw emphasised that this cooperation framework will connect Australia’s innovative fintech players with Vietnamese financial institutions, support startups in scaling up, and promote joint efforts to develop secure, inclusive, and modern financial solutions.
Strengthening collaboration in areas such as regtech, open banking, and data protection will not only allow Australian fintech firms to leverage their expertise and technologies, but also enable Viet Nam to access cutting-edge innovations and inclusive financial models.
More than a symbolic agreement, the MoU outlines a series of concrete initiatives to be rolled out in the near future. Among them, the Fintech and Cybersecurity Landing Pad programme is set to play a foundational role.
Under this programme, several Australian fintech companies will be supported to explore the Vietnamese market and seek partnerships. Likewise, Vietnamese startups will have the opportunity to engage with investors and participate in the Landing Pad initiative as early as next year.
Landing Pads is an initiative by the Australian Government designed to help Australian tech firms prepare for global expansion. The Landing Pad in Ho Chi Minh City provides practical support to Australian tech startups and scale-ups to develop effective go-to-market strategies and establish strategic partnerships in Vietnam, contributing to the country’s growing digital transformation agenda.
Additionally, the MoU highlights the establishment of academic partnerships between universities and research centres in both countries, the organisation of specialised seminars and workshops, and support for visiting fintech delegations.
“Austrade is committed to working alongside Australian and Vietnamese businesses to develop practical, effective, and long-term partnerships,” Jonathan Saw affirmed at the event.
