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.
Delegates at a digital banking symposium holds in Hanoi on September 30 by Shinhan Bank Vietnam pose for a photo. (Photo courtesy of Shinhank Bank)
Hanoi (VNS/VNA) – The Republic of Korea’s digital transformationpolicy and implications for Vietnam, Vietnam’s digital banking transformationpolicy, the importance of credit information system in digital transformation,the leap towards digitisation and the recent trend of digital banking andpayments in Asia were discussed at a recent symposium in Hanoi.
Organised by Shinhan Bank Vietnam to mark the 30th anniversary of Vietnam -Korea diplomatic relations, the event discussed the vision for and direction ofVietnam's digital bank, and sought to foster collaboration between the twocountries in investment and development of a secure financial framework.
Attendees included senior officials from the State Bank of Vietnam, the primeminister's economic advisory group, the Korean embassy in Vietnam, the KoreanFinancial Services Commission, the Korea Credit Information Service, ShinhanBank Korea, Shinhan Bank Vietnam, Korean financial companies, and major localbanks and fintech companies.
A spokesperson for Shinhan Bank Vietnam said: "This symposium is thedriving force for Shinhan Bank to continue its efforts to promote effectivedigital bank development towards its objective of becoming a leading digitalbanking in Vietnam by 2030’.
“Furthermore, this is a valuable opportunity for our bank to promote andmaintain 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 strengtheninternal digital capabilities and respond immediately to the rapidly changingdigital financial environment.
Since its inception, the future bank group has effectively promoted itscapabilities by cooperating with digital enterprises in various industries toprovide innovative, safe, and convenient digital banking services.
Its Mobile Banking SOL digital banking application had 800,000 users by the endof August 2022, a big achievement by the bank in its efforts to promote digitalbanking./.
Overcoming many bright candidates from the East Asia - Pacific region, VPBank has just been honoured by the International Finance Corporation (IFC) as the "Best Digital Bank" in 2021.
Mergers and acquisitions (M&A) in the banking industry are expected to remain high for the rest of the year as the industry continues the digital transformation process, according to experts.
The local banking sector, currently undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners after the UK-Vietnam Free Trade Agreement (UKEVFTA) takes effect, according to banking insiders.
Vietnam is among the world’s best performers in digital banking, with around 15 trillion VND in total poured into digital transformation, Le Anh Dung, Deputy Director of the State Bank of Vietnam (SBV)’s Payment Department, told a talk show on September 28.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Delegates at a digital banking symposium holds in Hanoi on September 30 by Shinhan Bank Vietnam pose for a photo. (Photo courtesy of Shinhank Bank) 
