Tháng 3 20, 2024
Hanoi, 8th February 2024: While banks in Vietnam are constantly competing to diversify their services, digital transformation continues to be the top priority for them. Last year, the State Bank of Vietnam (SBV) clearly stated that the country’s banking sector had already invested over $617.6 million in digital transformation by the end of 2022.
Evolving as one of the fastest-growing digital economies in Southeast Asia, Vietnam has witnessed a 40 percent growth rate in digital payments over the last four years. SBV has further stated that as much as 96 percent of Vietnamese banks have constructed strategies for digital transformation and 92 percent have gone few notches above by developing internet and mobile application services.
On the contrary, surveys conducted by the leading consulting firms have listed that over 70% of digital transformation projects fall short of their goals.
Find out more interesting information on Vietnam’s latest FSI trends & developments by being a part of World Financial Innovation Series (WFIS) 2024 – Vietnam on 15 – 16 tháng 4 năm 2024 Tại Melia Hà Nội.
What’s best? Close to 95% of confirmed delegates coming to attend WFIS have selected ‘Digital Transformation’ as their first priority for solution procurement (*WFIS internal survey data).