Việt Nam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.
The State Bank of Việt Nam (SBV) must take action to ensure 90 per cent of the Vietnamese population over the age of 15 have bank accounts by 2030.
The Government should create an ecosystem and suitable environment for new products and services as well as pioneer their use to promote the development of contactless payment methods. This could be a foundation for building e-government in Việt Nam.
Việt Nam has big potential in applying 4.0 technology to develop retail banks and payment utilities.
Vietcombank has received SWIFT’s Global Payments Innovation Initiative (GPI) certificate, becoming the first bank in Việt Nam to gain the accolade.