The ASEAN Bankers’ Forum 2011 opened in Ho Chi Minh City on Dec. 7 under
the theme, “Retail banking: Identifying key successful factors and the
role of technology in building competitive advantages”.
The two-day
forum was organised for leaders in banking and finance sectors, and IT
suppliers for the banking sector from Japan, India, Thailand, Singapore,
Cambodia, Laos and host Vietnam to share experiences and discuss key
issues.
The discussions focus on developing retail banking,
opportunities and challenges, key successful and decisive factors for
retail banking infrastructure and service, as well as IT solutions for
creating a competitive advantage.
Vu Viet Ngoan, Chairman
of the National Financial Supervision Committee, said Vietnam is
considered as a promising market in retail banking with a dynamic young
population and IT development level.
Vietnam has 33
million payment cards, over 12,000 ATMs together with 50,000 points of
sale. Over 20 banks use internet banking and eight banks have mobile
banking service at different levels.
Nguyen Van Dung, Deputy
Director of the State Bank of Vietnam Ho Chi Minh City branch, said in
the next five years, Vietnam forecasts an annual average growth of
banking deposits of 22-30 percent, credit and capital supply service,
20-25 percent, payment via banks, 30-35 percent and card payment, 30-40
percent./.