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 ảnh 1Delegates 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./.
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