HAI PHONG, Vietnam, Nov. 27, 2024 /PRNewswire/ -- Vietnam Fintech Summit 2024 (VFS) took place on November 26, 2024 at Pullman Hotel, Hai Phong. This is an activity within the framework of the National Creative Startup Day 2024 event series organized by the Ministry of Science and Technology in coordination with the People's Committee of Hai Phong City with the common goal of promoting connectivity, joining hands to develop the Vietnamese creative startup ecosystem (Together accelerating Viet Nam's startup ecosystem), increasing the attraction of domestic and foreign resources to develop the type of enterprise operating based on the exploitation of intellectual property, technology and new business models (startups).
The VFS event was co-organized by the Vietnam Software and IT Services Association (VINASA) and the Fintech Community - Techfest Vietnam, in collaboration with two leading technology communities in Asia - APAC DAO and Tech Vietnam Advocates, bringing together hundreds of leaders, entrepreneurs and financial technology experts at home and abroad, joining hands to promote innovation and sustainable development in the Fintech field. According to the welcoming speech of Dr. Pham Hong Quat, Director of the Department of Market Development and Science and Technology Enterprises, Ministry of Science and Technology, this year's event has been upgraded from a community event to an international event, with depth and expertise, helping to further promote the innovation ecosystem in Hai Phong in particular and Vietnam and the region in general.
Potential for Fintech Development in Vietnam
As one of the fastest growing Fintech markets in the region, Vietnam currently stands out with over US$19 billion in total electronic payment transaction value and is the second largest market in ASEAN in terms of Fintech financial volume. The Fintech market value in Vietnam has increased from US$0.7 billion in 2016 to US$4.5 billion in 2022, with transaction volume increasing by more than 150% during this period and currently serving over 29 million users (according to Vietnam Plus)
The Vietnam Fintech Summit International Conference provides an ideal opportunity for Fintech startups to gain a deeper understanding of the Vietnamese financial market and connect with leading financial technology experts from around the world.
With many in-depth discussions and panels revolving around Fintech industry topics such as Open Banking trends, Open API cooperation, technology applications in cashless payments, the role of technology in expanding access to financial services for end users, and AI applications in the financial sector, more than 15 leading speakers from Prudential AI Labs, TMA Solutions, Indonesia Fintech Association, MBBank, Credos Partners and AthenaFS… shared practical lessons and international experiences to promote sustainable development and open up many cooperation opportunities in Vietnam's Fintech ecosystem.
Participation of prestigious partners and leading experts
Vietnam Fintech Summit 2024 is proud to have the participation and support of prestigious organizations in the fields of finance and technology, including two leading technology communities in the APAC region, DAO and Tech Vietnam Advocates, with a network of more than 40,000 experts; 5,000 technology enterprises in Asia and the region.
The conference brings together more than 30 leading Fintech community partners such as the African Fintech Network, iDEA Digital Finance Association Alliance, Digital Finance Association Alliance, Indonesia Fintech Association, Cambodia Finance and Technology Association, Cyberport - Hong Kong government's innovative startup incubator, Digital Pilipinas (Philippines), Global Fintech Institute (Singapore), Global Tech Advocates, Hong Kong Financial Industry Association, Luxembourg Department of Financial Technology, Philippines Fintech Association, Startup Vagabond, Tech Malaysia Advocates, Tech Singapore Advocates, Thailand Fintech Association, Global Impact Fintech Forum, Vietnam - Switzerland Economic Forum. Malaysia Fintech Association, Australia Fintech Association, Daejeon Center for Creative Economy & Innovation (DCCEI, Korea), BRICS Chamber of Commerce and Industry, TechSauce Thailand, official global PR publisher PRNewswire, Vietnam Silicon Valley Capital, Silicon India (India) and Vietnam CIO community. We would like to sincerely thank the valuable support from more than 30 domestic and foreign partners for the Vietnam Fintech Summit event.
Introduction to the organizers and collaborators of Vietnam Fintech Summit 2024
Co-organizers:
Vietnam Software and Information Technology Services Association (VINASA):
VINASA is a non-governmental, non-profit organization representing more than 600 enterprises in the field of software and information technology (IT) services in Vietnam. VINASA members include famous companies such as VNPT, Mobifone, Viettel, FPT, CMC, TMA, Harvey Nash, Global Cybersoft and many others. VINASA members account for 70% of the IT workforce and contribute 70% of the value of software products nationwide, making an important contribution to the development of Vietnam's digital economy. Every year, VINASA organizes many of the largest IT programs in Vietnam such as the Vietnam - Asia Digital Transformation Summit, Vietnam - Asia Smart City Conference; major awards such as Sao Khue Award, Vietnam Smart City Award,... VINASA is also a member of many of the largest IT organizations in the region and the world such as ASOCIO, APICTA, WITSA.
Vietnam Fintech Summit 2024 is an important event that not only connects domestic experts but also opens up opportunities for cooperation and growth in the field of financial technology for Vietnamese businesses and startups with the international market. Closing the 2024 event, the Organizing Committee has prepared an implementation plan for the 2025 event on a larger scale to strongly promote and develop the potential of the Fintech ecosystem in Vietnam, helping to elevate Vietnam to become the cradle of financial technology in the region.
Contact information
For more information, please contact:
Ms. Nguyen Thi Hai Thanh, Representative of the Organizing Committee
Email: vnfintechfestival@gmail.com
Information and images of past and upcoming events at https://vietnamfintechsummit.com/.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Vietnam Fintech Summit 2024 (VFS): Accelerating Innovation and Collaboration in Financial Technology
BAKU, Azerbaijan, Nov. 27, 2024 /PRNewswire/ -- On November 11th, the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change kicked off in Baku, the capital of Azerbaijan. The conference focused on how to fairly and effectively allocate climate financing resources, ensuring that every penny can be used to its maximum effect, helping countries achieve low-carbon economic transformation and enhance climate resilience.
At this critical moment in the global fight against climate change, as an advocate, practitioner, and leader in sustainable development in the global clean energy field, LONGi actively participated in COP29, advocating for the promotion of energy equity through green innovation. This marks LONGi's sixth consecutive participation in the United Nations Framework Convention on Climate Change.
On November 15th, LONGi in collaboration with Deeprock Group, hosted a special event titled "SOLAR FOR ALL—The Key to Tackling Climate Change: Green Innovation Accelerates Just Energy Transition" at the "Biosphere 3" Solutions Pavilion in the Blue Zone of COP29. The event showcased LONGi's latest scientific and technological achievements and project progress in the field of clean energy. Additionally, LONGi participated in a roundtable forum attended by representatives from the United Nations High Commissioner for Refugees (UNHCR), China Electricity Council (CEC), Global Energy Interconnection Development and Cooperation Organization (GEIDCO), World Economic Forum (WEF), Energy Foundation (EF), and relevant NGOs. At the forum, LONGi shared its stories about "Energy Equity" and discussed how to help climate-vulnerable regions enhance their climate resilience.
Solarization of the Emergency Stockpile in Uzbekistan Completed
UNHCR, the UN Refugee Agency and LONGi, a leading global solar technology company, have completed a groundbreaking project to solarize the UNHCR Regional Humanitarian Logistics Hub located in the Termez Cargo Centre in Surkhandarya, Uzbekistan.
The project, part of a wider UNHCR-LONGi climate action partnership, marks a significant step towards ensuring a sustainable energy supply for logistics that support refugees and internally displaced people (IDPs) across the region and beyond.
The solarization has transformed the Hub into a critical operation powered by clean energy. With the installation of high-efficiency solar panels, a substantial amount of renewable energy will be generated each year, reducing the Hub's reliance on the grid and significantly lowering its carbon emissions.
"This transition to clean energy - a milestone in greening our supply chain globally - not only provides a renewable, reliable and cost-effective power source for the critical work that the Termez Supply Hub supports in the region, but also demonstrates UNHCR's strong commitment to environmental sustainability," said Shoko Shimozawa, Director of UNHCR's Division of Emergency, Security and Supply (DESS).
The 700kW solar photovoltaic powerplant is expected to generate around 989,993kWh of electricity annually, reducing carbon emissions by approximately 495 metric tons per year. It will also result in significant annual electricity savings, which will benefit local energy infrastructure by reducing operating costs and allowing for reinvestment in further sustainable initiatives.
"By solarizing the Hub and partnering with UNHCR, LONGi is able to provide more efficient, reliable, safe and sustainable energy solutions for refugees around the world, accelerating the global energy transition and promoting energy equity," said Dennis She, Vice President of LONGi. "Our vision is to promote a global energy transformation using BC (back-contact) solar technology, solving the electricity problem for people who are often without access to basic services, helping refugees to safeguard their rights and live in dignity."
This partnership sets a precedent for future projects that aim to promote renewable energy adoption and improve the lives of vulnerable populations.
A milestone in UNHCR's efforts to achieve climate neutrality across its operations, the solarization of the Hub paves the way for further collaboration that draws on the skills and expertise of the private sector. And by investing in renewable energy solutions, alongside strong partners, UNHCR is not only reducing its environmental impact but also building resilience and ensuring a sustainable future for refugees and IDPs.
The Hub, which has served as UNHCR's regional emergency preparedness and response stockpile since 2021 primarily for the Afghanistan response, will be incorporated into UNHCR's global stockpile network in 2025. This network, currently consisting of seven UNHCR stockpiles, enables the organization to respond to emergencies anywhere in the world by delivering core relief items (CRIs) - like blankets, mattresses, solar lamps and kitchen sets - to up to 1 million people who have been forced to flee their homes within 72 hours of an emergency being declared.
Turning emergency stockpile operations net carbon-neutral is a critical priority for the sustainability of UNHCR's work. And the success if this pilot in Termez paves the way for similar projects around the globe.
Accelerating Global Energy Equity with Leading Photovoltaic Technology
Dennis She believes that energy equity lies in providing clean, affordable, and non-discriminatory energy services for all of humanity. However, there is currently a huge disparity in per capita energy consumption levels among countries worldwide, with the top 20% of economies consuming about 80% of the global energy. At the same time, approximately 11% of the global population still lives in darkness without electricity, and about one-third of the population cannot use clean energy for cooking, with energy poverty directly affecting local economic development and the improvement of people's quality of life. In addition, the uneven distribution of global energy resources and limited affordability also constrain the realization of energy equity on a global scale.
With the deepening implementation of global carbon neutrality goals, clean energy represented by photovoltaics will gradually become the backbone of the global energy transition. In particular, the technological and manufacturing attributes of photovoltaics continuously enhance their cost competitiveness, rapidly driving the process of energy transition.
Solar energy is more widely and abundantly distributed globally than traditional fossil fuels, and it is more beneficial to developing countries. As a new type of clean energy, photovoltaic (PV) power generation has seen a rapid decrease in the cost per kilowatt-hour with the continuous development of photovoltaic technology. Photovoltaics have become the most economical source of electricity in the majority of countries and regions worldwide. Their sustainability, affordability, and characteristics of fairness and security provide an excellent solution to help achieve global energy equity.
As a global leading solar technology company, LONGi calls for global energy equity and has been driving global energy transition in all aspects, reducing the costs for people on the path to carbon neutrality. This allows more people around the world, especially those in developing and underdeveloped countries and regions, to enjoy affordable clean energy and achieve energy equity. In 2022, Dennis She first advocated for global energy equity at COP27, calling for the allocation of limited resources to the popularization of renewable energy and urgent climate actions.
In the future, a new round of energy revolution centered on new energy will be accelerated, and the beautiful vision of a zero-carbon future will be realized sooner based on equal and economical distribution of clean electricity. At that time, light will be brought equally into every corner of the world, providing inclusive clean energy for all regions under all scenarios, truly achieving "SOLAR FOR ALL," and the world will have unlimited possibilities for sustainable development.
About LONGi
Founded in 2000, LONGi is committed to being a leading global solar technology company, focusing on customer-driven value creation for full scenario energy transformation.
Under its mission of 'making the best of solar energy to build a green world', LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial and industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently embraced green hydrogen products and solutions to support global zero carbon development.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
LONGi advocates for accelerating the energy just transition through green innovation at COP29
LONGi advocates for accelerating the energy just transition through green innovation at COP29
LONGi advocates for accelerating the energy just transition through green innovation at COP29
