Fintech Credit — Opportunities for SMEs in Vietnam 

Truong Van Khanh¹, Tram Bich Loc² 
(1. University of Finance-Marketing, Vietnam; 2. Sai Gon University, Vietnam)

Abstract: Small and medium enterprises (SMEs) have an important role in the development of countries, especially in developing ones like Vietnam, but access to capital of this type of business is always difficult, while the support of the Vietnamese government has not been effective or negligible. However, the fourth industrial revolution (industry 4.0) have created a new type of business — Fintech companies which provide SMEs an easier way to access capital. Nevertheless, the concept of Fintech is relatively new in Vietnam and the operation of these companies implicit certain risks. Therefore, in order to help SMEs take advantage of this non-bank capital resource, the authorities are asked to promulgate laws or decrees for business environment of Fintech companies.

Key words: small and medium enterprises; SME; Fintech; credit; industry 4.0

JEL codes: O3, G1