As many as 500 local bank executives and IT senior experts gathered in Hanoi on May 15 at a seminar to get updated with the latest technologies that can enable them to compete strongly in the current fierce, fluctuating business environment.

Experts said the year 2013 will see the negative impacts of the global economic crisis getting to the bottom and a period of recovery and robust growth will start.

As a result, the settlement of non-performing debts, risk governance and banking management, and banking restructuring process will be challenges to the banking sector this year.

Meanwhile, new tendencies of technology such as cloud and mobile computing are promising to add more novel values to banking services, they added.

The employment of such technology into the banking system in general and in a specific bank in particular is urgently needed, experts stressed.

Though introducing technology applications to enhance the sector’s capacity of governance and management, the Vietnam Banking Seminar 2013 aims to push up the banking sector’s ongoing restructuring.

The two-day event, jointly held by the International Data Group and the Informatics Technology Department under the State Bank of Vietnam , will also focus on the formation of strategies on banking and risk management, development of mobile banks and other modern service channels.

On this occasion, the Banking Vietnam Exhibition 2013 was also held, displaying advanced banking technologies, services and solutions for retail banking.-VNA