Finance Vietnam 2022 The Journey of Digital Transformation
                     Finance Vietnam 2022: The 
Journey of Digital Transformation
Finance Vietnam 2022 – Vietnam’s GDP was only expected to rise by 1.42% in the first nine months of this year, according to 
the General Statistics Office, despite predictions that the country will experience growth in 2021. Vietnam’s National Assembly 
has set a goal for its GDP growth in 2022 of between 6% and 6.5% because of the severe effects of the COVID-19 epidemic. In a 
quickly evolving and complex environment, Vietnam’s financial institutions (FIs) have been going digital.
The thriving economic environment has also aided in the growth of the start-up ecosystem and the emergence of the digital 
economy. To deliver highly individualised experiences at scale, digital-only banks are utilising cutting-edge digital channels. By 
concentrating on meeting consumer wants and detaching from established value chains to create new business models, 
platform enterprises are providing more value to their clients.
As a result, FIs have greatly increased their digitalization base. Improved front-end digital delivery and optimised processes are 
the results of these initiatives. For backend operations, infrastructure, technology, and underlying business models to remain 
competitive, modifications have been made. Additionally, incumbents are utilising technologies like robotic process automation 
(RPA), artificial intelligence (AI), and application programming interfaces (APIs) to thrive and survive in a cutthroat 
environment.
Furthermore, leveraging the power of the cloud to introduce new applications or migrate mission-critical ones promotes 
individualised interaction, fosters operational resilience, and speeds up innovation-driven growth.
With the help of digital transformation, Vietnamese banks may be able to gather more data from a wider range of sources. 
Utilizing this information benefits decision-making as well as the customers. It also gives banks the opportunity to cut expenses 
while increasing income and operational effectiveness.
This will be produced by innovations in goods, services, and distribution methods, improving the customer experience. In order 
to obtain a competitive edge and increase their market share, FIs must therefore identify the gaps in their offerings and fill 
them by implementing a complete change from the inside out.
The Asian Banker’s Finance Vietnam 2022 is the premier annual event for supporting sustainable innovation. For a day of 
intense conversations on the current trends that are altering the financial services industry in Vietnam, senior executives from 
banks, financial institutions, fintech, and significant technology companies are invited to participate in the programme.
Likewise, Global Financial Services 2022, covered various important factors in the world of finances. Hence, to stay updated 
with the latest events in the financial world, stay connected with The Asian Banker.
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