All You Need to Know About Finances Vietnam 2022

1. All You Need to Know About Finances Vietnam 2022 All You Need to Know About Finances Vietnam 2022 Finance Vietnam 2022 is about its transformational journey – rethinking disruption in a hyper- connected world. Vietnam had a moderate GDP growth of just 1.42% in the first nine months of this year, according to the General Statistics Office, despite predictions that the country's GDP would increase in 2021. The COVID-19 epidemic has had significant effects, and the National Assembly of Vietnam is aiming for a GDP growth of between 6% and 6.5% in 2022. In a setting that is ever more complex, Vietnamese financial institutions (FIs) have been fast going digital. The booming start-up ecosystem and the development of the digital economy have both been aided by the favourable economic environment. Advanced digital channels are being used by digital-only banks to give highly individualised experiences at scale. By concentrating on meeting consumer requests and disentangling old value chains to create new business models, platform enterprises are providing more value to customers. As a result, FIs have greatly improved their digitalization foundation. The results of these initiatives can be seen in improved frontend digital delivery and optimised procedures. To stay competitive, this has led to improvements in technology, infrastructure, backend operations, and underlying business models. Additionally, to grow and survive in a hostile environment,

2. incumbents are utilising technologies like artificial intelligence (AI), application programming interfaces (APIs), and robotic process automation (RPA). Additionally, leveraging the power of the cloud to introduce new applications or migrate mission- critical ones allows for operational resiliency, personalises interaction, and speeds up innovation- led growth. Vietnamese banks may soon be able to collect more data from a wider range of sources thanks to digital transformation. Making use of this data benefits decision-making as well as the customers. The banks can save expenses while increasing revenue and operational effectiveness thanks to it. This will come about as a result of product, service, and distribution channel innovation, improving the consumer experience. Accordingly, in order to acquire a competitive edge and increase market share, FIs must recognise the gaps and close them by implementing a holistic transformation from the inside out. Not only among financial institutions but also among disruptors and other associated stakeholders, The Asian Banker’s Finance Vietnam 2022 is the premier yearly event for supporting sustainable innovation. Senior executives from banks, financial institutions, fintech startups, and major technology companies are invited to participate in the programme, which has been created to bring them together for a day of rigorous conversations on the trends currently transforming the Vietnamese financial services sector as well as Asian Banking and Finance. Contact Us:- THE ASIAN BANKERS Website:- https://www.theasianbanker.com/ Phone No:- 65-6236 6500