Vietnamese robo advisor Finhay Ứng dụng thông minh cho đầu tư, tích luỹ- only available in Vietnam 🇻🇳

Finhay is the pioneer robo advisor app in Vietnam. In Vietnam, they call it wealth management application instead of the term robo advisor which is used a lot in Malaysia. Since Finhay was launched in Vietnam, 2 other robo advisors have emerged also, they are Infina and Tikop.

Finhay has got a collaboration with CIMB Vietnam (yes, the Malaysia bank) to provide banking services within the Finhay app. I wrote a bit about it here. Users of Finhay can get a CIMB Finhay branded VISA debit card.

The app sign up is only valid for Vietnamese citizens and require a Vietnamese mobile number (+84) and Vietnamese bank account (BIDV, Sacombank, TPbank, Vietcombank).

I have yet to invest anything into Finhay app yet but will write more stuff about it when I've done more research about it.

It is important to be aware that, unlike Malaysia, Vietnam does not yet have a regulatory framework in place for Fintech companies. As a result, investment applications such as Infina carry a certain degree of risk. In Vietnam, the governing body responsible for securities-related regulations is the SSC (Vietnam State Securities Commission), whereas its counterpart in Malaysia is the Securities Commission.

📍Links

https://www.finhay.com.vn/

https://finhay.com.vn/invite/4EGM2M

https://www.cimbbank.com.vn/

https://fintechnews.sg/51055/sponsoredpost/how-cimb-and-finhay-are-delivering-diversification-through-embedded-finance-in-vietnam/

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