Riding a new wave of growth with Vietnam's financial markets: On Call with Finhay CEO and Founder Huy Nghiem
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Vietnam is one of Southeast Asia's fastest-growing economies. And this year in spite of the current economic situation, it has become the only Asian economy apart from China set to see GDP growth this year. But for small to medium investors investing in this economic growth can be quite difficult and expensive, especially for younger millennial consumers who comprise the majority of Vietnam's population.
This is where Finhay stepped in three years ago to make investing more accessible to the youth. Since then they've become Vietnam's leading platform for small and medium investment. And thanks to more consumers now demanding online platforms for financial transactions, Finhay is riding a new wave of growth and today to talk about Finhay's new wave of growth, we're calling founder and CEO, Huy Nghiem, from Finhay's busy office. This call was recorded on October 1st.
01:18 Joolin introduces Huy;
02:17 Why Huy returned to Vietnam and started Finhay;
04:12 Financial markets in Vietnam back in 2017/2018;
05:10 How Finhay scaled and found product-market fit;
06:31 Thought process behind rolling out multiple wealth management products;
08:08 How Finhay approaches partnerships with traditional financial players;
09:45 Story of how customers benefit from Finhay;
11:19 Similar businesses Huy admires from other markets (Acorns, Yuebao, Toss);
13:26 Impact on COVID on Finhay's growth;
14:21 Outlook on Vietnam's financial markets and wealth management space in next 3-5 years;
15:47 Huy's favorite activities to de-stress and go-to travel spots in Asia;
About our guest
Huy Nghiem is the founder and CEO of Finhay. Prior to Finhay, Huy built his expertise and experience in the financial markets as a financial advisor at AMP in Australia. He also co-founded and led tech companies and business initiatives during his time in Australia. He graduated from the University of Sydney with a Bachelor degree in Accounting and Marketing. He is currently part of the 2020 Forbes Asia 20 under 20 list.
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