Vietnam's banks and financial institutions must be ready for a digital transformation, said policymakers and experts at a workshop held in Hanoi on October 25.
Digital transformation would push Vietnam’s finance-banking system in the years to come, helping it catch up with global standards, said Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Kim Anh.
Singapore has fined Swiss banking giant UBS 8 million USD after investigations showed its advisors deceived clients about prices for bonds and other financial products.
A Vietnamese delegation, led by Nguyen Toan Thang, General Secretary of the Vietnam Banking Association, is attending the 22nd ASEAN Banking Conference that kicked off in the Cambodian capital city of Phnom Penh on November 25.