Prime Minister Pham Minh Chinh visits Agribank 's booth at the event.
The State Bank of Vietnam (SBV) organized the Banking Industry Digital Transformation 2025 event with the theme "Smart Digital Ecosystem in the New Era". This is a strategically significant annual event, marking a strong step forward in the digital transformation journey of the entire banking industry, affirming the central role of technology in the development of the digital economy and digital society in Vietnam.
Convergence of vision - putting the people at the center
At the event, government leaders acknowledged the innovative thinking and decisive actions of the entire industry in the digital transformation process, which forms a solid foundation for the banking sector to continue playing its role as the "lifeblood" of the digital economy, a smart, secure, and people-centered digital ecosystem.
Government leaders have emphasized that the most important goal of digital transformation in the banking sector is to effectively connect banks with each other, with the State, and with the people and social partners. This is the foundation for contributing to the development of a digital government, a digital society, and digital citizens, while also playing a crucial role in macroeconomic stability and ensuring sustainable social security. The next goal is to bring tangible benefits to people and businesses, help reduce operating costs for the banking system, and prevent corruption and waste through the transparency of financial transactions.
Governor of the State Bank of Vietnam, Nguyen Thi Hong, emphasized that the 2025 Digital Transformation Event for the Banking Sector, themed "Smart Digital Ecosystem in the New Era," is an important annual event, demonstrating the high political determination and strong commitment of the entire sector in implementing Resolution 57-NQ/TW on breakthroughs in the development of science, technology, innovation, and national digital transformation, and the National Digital Transformation Program until 2025, with a vision to 2030.
To implement Resolution 57-NQ/TW and the directives of the Government and the Prime Minister, and in the spirit of cooperating with other sectors in implementing Resolution 57-NQ/TW, the State Bank of Vietnam (SBV) has developed and directed commercial banks to implement a VND 500,000 billion credit program for businesses investing in infrastructure and digital technology to carry out key national projects in the fields of transportation, electricity, and digital technology according to the list announced by ministries and sectors. To date, 21 commercial banks have prepared VND 500,000 billion in resources for lending under the program with preferential lending interest rates in VND, at least 1% lower per year than the average medium- and long-term lending interest rates applied by the lending banks themselves in each period...
At the conference, several major commercial banks presented exemplary models such as the deployment of next-generation Core Banking, the expansion of multi-channel digital banking, and the enhanced integration of Big Data and Artificial Intelligence (AI) to improve customer behavior analysis capabilities and personalize products and services.
In particular, delegates emphasized the urgent need to train high-quality technology personnel, increase investment in cybersecurity, and promote digital financial education and communication so that people, especially in rural and remote areas, can easily access and use safe digital banking services.
The practical insights shared by credit institutions not only enrich the picture of digital transformation in the banking industry but also affirm the spirit of collaboration, cooperation, and sharing throughout the industry, aiming towards a modern financial ecosystem where technology serves people effectively and humanely.
Prime Minister Pham Minh Chinh and Governor of the State Bank of Vietnam Nguyen Thi Hong pose for a commemorative photo with the leadership of Agribank.
Towards a smart and humane digital financial ecosystem.
In the overall picture of digital transformation in the banking industry, the Vietnam Bank for Agriculture and Rural Development (Agribank) demonstrates a pioneering role with impressive efforts and results. At the event, Agribank's technology booth attracted special attention from delegates with its advanced technological applications and smart transaction counter model, providing new and convenient experiences for customers.
In particular, the presentation by Deputy General Director Hoang Minh Ngoc at the conference on the topic "Social Security Payments via Bank Accounts/Cards" received high praise from experts and industry leaders. Agribank demonstrated solid progress in applying digital technology to enhance the efficiency and transparency of social security programs. The impressive figures announced by Agribank proved its significant efforts and contributions to the community: the bank issued 12 million cards, opened 9 million accounts in rural and mountainous areas, made payments to 500,000 recipients of subsidies, and disbursed 210,000 billion VND through insurance channels.
These results not only demonstrate a strong investment in technology but also show Agribank's profound social responsibility in accompanying the Government in implementing social welfare policies. Agribank also demonstrates its long-term commitment to further promoting digital transformation, aiming for deep integration with the national electronic identification system (VNeID), moving towards a paperless payment model, contributing to the humanization of financial services, especially for people in remote areas and those who still face many difficulties in accessing traditional banking services.
Mr. Minh
Source: https://baochinhphu.vn/agribank-dung-cong-nghe-de-nang-cao-tinh-minh-bach-cua-cac-chuong-trinh-an-sinh-102250530183754373.htm
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