Symposium seeks to foster Vietnam-RoK cooperation in digital banking

The Republic of Korea’s digital transformation policy and implications for Vietnam, Vietnam’s digital banking transformation policy, the importance of credit information system in digital transformation, the leap towards digitisation and the recent trend of digital banking and payments in Asia were discussed at a recent symposium in Hanoi.
Symposium seeks to foster Vietnam-RoK cooperation in digital banking
Delegates at a digital banking symposium organized by Shinhan Bank Vietnam pose for a photo. (Photo: courtesy of Shinhank Bank/via VNA)

Organised by Shinhan Bank Vietnam to mark the 30th anniversary of Vietnam - Korea diplomatic relations, the event discussed the vision for and direction of Vietnam's digital bank, and sought to foster collaboration between the two countries in investment and development of a secure financial framework.

Attendees included senior officials from the State Bank of Vietnam, the prime minister's economic advisory group, the Korean embassy in Vietnam, the Korean Financial Services Commission, the Korea Credit Information Service, Shinhan Bank Korea, Shinhan Bank Vietnam, Korean financial companies, and major local banks and fintech companies.

A spokesperson for Shinhan Bank Vietnam said: "This symposium is the driving force for Shinhan Bank to continue its efforts to promote effective digital bank development towards its objective of becoming a leading digital banking in Vietnam by 2030’.

“Furthermore, this is a valuable opportunity for our bank to promote and maintain sustainable financial cooperation between the two countries, contributing to Vietnam's future socioeconomic growth.”

Shinhan Bank Vietnam established a ‘future bank group’ last May to strengthen internal digital capabilities and respond immediately to the rapidly changing digital financial environment.

Since its inception, the future bank group has effectively promoted its capabilities by cooperating with digital enterprises in various industries to provide innovative, safe, and convenient digital banking services.

Its Mobile Banking SOL digital banking application had 800,000 users by the end of August 2022, a big achievement by the bank in its efforts to promote digital banking.

ASEAN, Russia bolster digital technology cooperation
HCM City seeks stronger cooperation with Korean localities, partners
Vietnam seeks stronger education partnership with US
Vietnam attends symposium on ASEAN identity, ASEAN-RoK cooperation
Local banking sector races to implement digital transaction ecosystem
(Source: VNA)