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Sweden’s Vilja makes its foray into Vietnam to support digital banking

Invest Global 09:10 20/03/2025

On March 13, Vilja announced its expansion into Vietnam.

Nordic cloud-native core banking solutions provider Vilja has announced its expansion into Vietnam following the establishment of its ASEAN headquarters and development centre in Kuala Lumpur, Malaysia.

Sweden’s Vilja makes its foray into Vietnam to support digital banking

Recognised by Celent, Gartner Magic Quadrant, and IDC as one of the world’s leading cloud-native core banking platforms, Vilja is set to bring its expertise to Vietnam’s rapidly evolving digital banking sector.

On March 10, the company hosted the inaugural Swedish-Vietnamese Digital Banking Reception in Hanoi, in collaboration with the Swedish Ambassador to Vietnam, Johan Ndisi. The event, held at the Ambassador’s Residence, brought together 30 Vietnamese fintech professionals, banking partners, and technology providers to explore new collaboration opportunities.

As part of its market entry, Vilja launched several partnerships with local and regional banking technology providers, including FPT IS, Gimasys, FiinGroup, Nam Viet Corp, and international open-banking platform Brankas.

Swedish Ambassador Johan Ndisi emphasised the significance of Vilja’s entry, stating: “As we welcome Vilja Solutions to Vietnam, this milestone also highlights the deepening ties between Sweden and Vietnam—built on over 50 years of partnership. With fintech and digital banking reshaping Vietnam’s economy, Vilja Solutions’ arrival marks an important step in strengthening Sweden’s presence in this space.”

Fredrik Ulvenholm, CEO of Vilja, reiterated the company’s long-term commitment to Vietnam, saying: “We are dedicated to working closely with our Swedish and Vietnamese partners and government agencies to modernise and future-proof Vietnam’s banking industry through secure, compliant, and configurable cloud adoption. Collaboration is the key to unlocking opportunities in open banking, embedded finance, and AI-driven financial services.”

Vilja and its partners plan to roll out several initiatives in Vietnam, focusing on secure cloud adoption, regulatory compliance for open APIs, and multi-core banking capabilities.

Juan Carlos Mauritz, managing director of APAC at Vilja, highlighted the company’s unique regional positioning, stating: “As a Swedish company operating in Vietnam with an ASEAN regional development centre and localised support, we bring a trusted collaboration model that will enable Vietnamese banks to thrive in the country’s ongoing digital transformation.”

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