On September 27, in Da Nang, Vietnam-Korea University of Information and Communications Technology (VKU) held the opening ceremony of VKU Fintech Hub - Center for training, research, innovation and entrepreneurship.

Standing Vice Chairman of Da Nang People's Committee Ho Ky Minh assessed that this is an important event marking a new step forward in building and developing the startup and innovation ecosystem in the city.

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Standing Vice Chairman of Da Nang City People's Committee Ho Ky Minh spoke at the opening ceremony of VKU Fintech Hub - Center for training, research, innovation and entrepreneurship. Photo: D.Thuy

According to Mr. Ho Ky Minh, with the globalization trend and the strong development of the 4.0 industrial revolution, the financial technology (Fintech) sector is becoming one of the important pillars of the digital economy.

It is predicted that the Fintech sector will have a shortage of high-quality human resources in the context of rapid growth of Fintech companies in Vietnam.

Particularly for Da Nang, the project "Building Da Nang City into a regional financial center" identifies Fintech as an important component to form and develop a financial center in Da Nang City in the spirit of Conclusion No. 79-KL/TW and Resolution No. 43-NQ/TW of the Politburo on building and developing Da Nang City to 2030, with a vision to 2045.

The Standing Vice Chairman of the Da Nang People's Committee believes that the Center will become a source of creative ideas, connecting investors, experts and Fintech startups. From there, it will nurture breakthrough ideas, serving the development of both the financial technology industry and Da Nang City.

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The center's operating model focuses on three main tasks: training, incubation and research. Photo: D.Thuy

Associate Professor Dr. Huynh Cong Phap, Rector of VKU, said that VKU Fintech Hub is the first center for training, research, innovation and financial technology startups in the Central Highlands region.

VKU Fintech Hub is invested with modern equipment, operating with an operating model focusing on 3 main groups of tasks: Training, Incubation (connecting businesses, investors, consulting on policies, technology solutions, organizing startup competitions, calling for angel investors) and Research (forming strong research groups in the field of Fintech, especially interdisciplinary, combining many technologies such as AI in finance...).

Along with that are research orientations on governance models and market trends associated with Fintech; support policies and management regulations for Fintech; data technology and data analysis serving Fintech; new technologies applied to Fintech: Blockchain, AI, Machine Learning...