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Finance Vietnam 2022 The Journey of Digital Transformation

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Finance Vietnam 2022 The Journey of Digital Transformation

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  1. Finance Vietnam 2022: The Journey of Digital Transformation

  2. 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.

  3. 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. Contact Us:- Website:- https://www.theasianbanker.com/

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