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The Hanoitimes - Vietnam has witnessed dynamic growth of the fintech sector, with the increasing participation of the older generations. Studying the demand for online financing services in Asia in 2019, analysts of Robocash Group have revealed a steady increase in the number of customers aged 41-50 and 51-60 years and in particular, Vietnam had the highest monthly increase, 26%, of such clients. Amid the overall digitization and growing penetration of online services in Asia, the daily use of financial technologies by older generations is growing too. Following the growing digitization, the popularity of fintech services will only keep increasing. However, older generations are still rare users. The number of 41-50-year-old clients in Vietnam by December 2019 reached 4.63% (2.71% in January 2019), and 9.33% in India (4.44% in January 2019). With age, fintech customers in Vietnam request higher amounts of financing Source: Robocash The analysis revealed a pattern according to which clients ask for more financing as they get older. Vietnam has shown the lowest contrast between generations. On average, 51-to-60-year-olds in Vietnam request by 11.7% more than clients aged between 18 and 24. It stands in contrast with Indonesia with a difference three times higher larger at 37.5%. The differences in India and the Philippines are 18.5% and 15.8%, respectively. Half of the users of fintech financing tools in Vietnam are married and have kids …

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A woman in Bac Giang Province is calling for financial help to support her husband and two children who are all suffering from mental illnesses. Nguyen Thi Lien's family Nguyen Thi Lien's husband, Nguyen Van Thuan, suddenly became mentally ill nearly 30 years ago when their son, Nguyen Van Sang, was only one year old. Both of Lien's children were healthy at birth but after her husband became mentally ill, their children also showed the same symptoms and their health worsened over time. Her 32-year-old daughter, Nhung, is a single mother to a five-year-old baby boy. When Nhung had a fit, Lien would lock her in a cage. Nhung screamed non-stop and tried to destroy everything before she became tired and fell asleep. "Her fit passed," Lien said. "I'll let her out when she wakes up because I still need this cage for my husband and my son when they have their fits." Lien's daughter locked in a cage when she had a fit Lien suffers from various illnesses like degenerative spine, goiter and gallstones. She can't do hard labour anymore so she earns little income from collecting scrap. Lien said she had thought of suicide but she is the only pillar of the family and there is no one else to take care of her husband and children. Lien then thought of sending her grandchild to a social protection centre. "I thought of putting him up for adoption or sending him to social protection centre but it's hurt whenever I think about it," she said. Nguyen Van Trung, head of the Red Cross Organisation in Hiep Hoa District, said, "Lien's family is one of the most difficult cases in our area. We only can help them so much because of our limited funds. I hope they will get help to overcome such difficulties." If you can help please donate through: 1. Code 4040: Nguyen Thi Lien from An Hoa Village, Doan Bai Commune, Hiep Hoa District, Bac Giang Province. Tel: 0389615523 2. Dantri/DTiNews No. 2/48 Giang Vo Str., Dong …

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Residential segment sees little impact amid Covid-19 pandemic The Saigon Times High-rise apartment buildings in HCMC - PHOTO: VNA HCMC – As Vietnam is experiencing the third wave of the Covid-19 pandemic, which continues to impact the hospitality industry and various real estate sectors, prices of the residential segment appear to have remained unchanged and sales unaffected. David Jackson, chief executive officer of Colliers International in Vietnam, said the hospitality industry would be the most impacted, evident by hotels, tours and flight cancellations by domestic tourists and the limited number of international arrivals into Vietnam. However, the Covid-19 pandemic did not significantly impact the prices of residential properties in 2020, despite all condominium segments and landed properties having seen their prices increase from 2019. Sales remained robust, with agents and buyers taking to social media to interact, instead of the previous face-to-face interaction. Buyers are looking at the long-term picture after the Covid-19 pandemic and Vietnam’s infrastructure development and economic growth can help boost property prices. Jackson projected that if the pandemic continues, it may result in delays in construction or new launches as developers have to grapple with social distancing measures. They may face financial constraints or be forced to wait for a more suitable time to launch their projects. Talking about changes for investors during the “new normal” situation, Jackson said social distancing is prevalent and more interactions happen online, with developers and investors using social media to transact. In this aspect, if the investors are tech savvy and manage to understand the projects through online interaction, it can offer even more opportunities for speculators to profit. Those who speculate need to be careful during this “new normal”. Projects that are newly launched are more challenging to flip than projects that …

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