East Asia & Pacific · GDP rank #30

Vietnam

VN · VND @ 0.0000379/USD

Tab 07

Fintech & disruption

Disruption intensity, unicorns, notable domestic players, cross-border entrants, and venture funding depth — the structural state of the disruption stack for this market.

Disruption · highTop player · Sky Mavis (Axie Infinity)

VC deals · 2024

$900.0M

total disclosed

Largest unicorn

$3.0B

Sky Mavis (Axie Infinity)

Unicorns

MoMo

$2.0B

super-app wallet

2021 Series E

TechCrunch

VNPay

$1.0B

PSP

2019 SoftBank Vision Fund + GIC

Bloomberg

Sky Mavis (Axie Infinity)

$3.0B

web3 + payments-adjacent (Ronin network)

Reuters

Notable players

Established players outside unicorn status — acquisitions, specialist networks, or regulated operators that shape the market.

Timo

neobank

Timo

Cake by VPBank

digital bank

VPBank

Techcombank Digital

digital arm of incumbent bank

Techcombank

Cross-border entrants

Foreign-licensed operators that have achieved scale locally via passporting, branch, or subsidiary.

Wise

SBV-licensed; VND rails via bank partner

Wise

Remitly

licensed remittance-focused provider

Remitly