Vietnam Retail Banking Forum 2024
“DIGITAL ECONOMY – STRENGTHENING AND DEVELOPING FINANCE – BANKING AND FINTECH – PERSONAL & BUSINESS DATA”
August 08th, 2024 | Rex Hotel Saigon, Ho Chi Minh City
On August 08, under the auspices and guidance of the People’s Committee of Ho Chi Minh City, International Data Group in Vietnam (IDG Vietnam) will collaborate with University of Economics and Law held in Ho Chi Minh City, Ho Chi Minh City Institute for Development Studies, the Department of Information and Communications of Ho Chi Minh City (DIC), Ho Chi Minh City Digital Transformation Center, the Department of Industry and Trade of Ho Chi Minh City, Vietnam Bank’s Association (VNBA) and Vietnam Digital Communications Association (VDCA) organized Vietnam Retail Banking Forum 2024 in Ho Chi Minh City. This is an annual event that has been held since 2012 and affirmed its position as a leading conference, contributing a lot of valuable information, solutions and experiences to the overall development of retail banking in Vietnam.
On January 15, 2024, the State Bank of Vietnam issued directive 01/CT-NHNN 2024, outlining key tasks for the banking sector in 2024. The directive emphasizes the digital transformation process with the goal of facilitating safe and efficient access to banking services for individuals and businesses. According to data from the State Bank of Vietnam, cashless payment activities continue to achieve positive results. As of the end of 2023, the number of individual payment accounts reached over 182.88 million, an increase of 21.8% compared to the same period in 2022. In January 2024, cashless payment transactions increased by 63.3% in volume and 41.45% in value compared to the same period in 2023. Among these, transactions through internet channels increased by 57.85% in volume and 32.43% in value, while transactions through mobile phones increased by 68.54% in volume and 41.12% in value. This demonstrates the increasingly popular trend of shifting from cash payments to cashless payments. Many core banking services have been fully digitized (savings deposits, term deposits, opening and using payment accounts, opening bank cards, e-wallets, money transfers, etc.). Many Vietnamese banks have a digital transaction rate of over 90%. In addition to digital transformation, banks are also focusing heavily on green banking with various activities to invest in sustainable development, protect the environment, and contribute to society. According to the report of the State Bank of Vietnam, outstanding green credit reached over VND 564,000 billion, accounting for about 4.4% of total outstanding loans in the whole economy.
The government’s policy of applying technology to the financial sector, especially to promote cashless payments, with the goal of having 80% of adults have bank accounts by 2025, has had a significant impact on the development of the fintech market. Analysts say that 93% of domestic venture capital investments are directed towards the e-wallet and cryptocurrency segment, the second fastest growing in the Asian region, after Singapore, and is expected to reach USD 18 billion by 2024 with high competition.
Identifying key issues and prospects in finance – banking and fintech – personal data & business data, Vietnam Retail Banking Forum 2024 will focus on providing the most practical value in terms of opportunities, challenges affecting banking operations, and new technology trends, new business models to adapt to changing consumer needs, with the topic “DIGITAL ECONOMY – STRENGTHENING AND DEVELOPING FINANCE – BANKING AND FINTECH – PERSONAL & BUSINESS DATA”. Expected speakers include leaders of departments and bureaus from the State Bank of Vietnam, commercial banks, fintech companies, payment intermediaries, financial leasing companies, and leaders of leading information technology corporations in Vietnam and internationally.
This year’s forum will include 01 Keynote session and 02 Discussion sessions taking place in parallel with the following outstanding discussion contents:
- Overview of the potential market for financial – banking services in 2024
- Personal data management – Opportunities and challenges of digital transformation in the financial – banking sector
- Diversification of digital banking and financial products and services
- Fintech and National cryptocurrencies: safe – convenient and fast
- Application of information technology in the development and management of financial – banking activities
- Personal data protection in the digital transformation process
In addition, the forum will also feature a program to honor Vietnam Outstanding Banking Awards 2024. This is an annual award organized by IDG Vietnam in cooperation with the Vietnam Banks’ Association. This year, in addition to the registration categories such as “Outstanding Bank for Community Award, Outstanding Innovative Banking Product Service Award, Outstanding Bank for Green Credit Award, and Outstanding Bank For High-Tech Agriculture Development Award,” the following categories are Awards include “Outstanding Retail Banking Award, Outstanding Digital Banking Award, Outstanding Fintech Award and Outstanding Banks for Small and Medium Enterprises Award” which will replace the application form with a survey of users and businesses. The goal is to seek and honor banks with innovative products and services in the year, achievements in digital transformation, and enhancing the efficiency of retail operations in particular and the overall banking industry operations in general.
Accordingly, the forum will consist of 2 main activities: conference and exhibition. Within the framework of the forum, the Financial Technology – Banking and Fintech Exhibition has attracted the participation of many booths from leading information technology, banking and fintech companies in Vietnam.
The forum will attract over 500 attendees, including leaders of ministries, departments, agencies, associations, financial clubs, banks, insurance companies, securities companies; leaders of banks, fintech companies, financial services companies and consulting firms; domestic and international IT companies and corporations. In addition, the exhibition will attract about 30 banks, financial IT and IT companies to participate in introducing typical banking products and services, 4.0 technology solutions in the field of Banking, Finance and Fintech. In addition, the event will be livestreamed on the Cisco Webex Meeting & Fanpage Facebook platform (expected 3000 delegates and connecting units).
The Organizing Committee cordially invites you to register to participate in activities in Vietnam Retail Banking Forum 2024. To register for sponsorship, presentations and participation in activities in the event, please contact generation:
Mr. Ta Khoi | Guest Relations Manager
Mobile: (+84) 706 604 9954
Email: attendees@idgv.vn