Ho Chi Minh City, April 15 -- The Fintech Hub, one of four strategic pillars of the Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC), was launched on April 14 at a high-level investment forum co-organised with Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).

Positioned as a financial technology innovation centre, the hub will serve as a platform linking banks, businesses and investors, while enabling the testing of new financial models under a regulatory sandbox mechanism. It is expected to accelerate the development of the city's fintech ecosystem.

A fintech investment fund with a projected size of 30 million USD was also introduced to support technology firms in scaling up and expanding into new...