At the Award Ceremony for the 2026 Digital Transformation Competition in the Banking Sector, held on the morning of May 23rd, the Governor of the State Bank of Vietnam, Mr. Pham Duc An, commended the active participation, sense of responsibility, and serious preparation of the competing teams from units throughout the sector. These teams are contributing to strongly spreading the spirit of innovation, proactive digital transformation, and the aspiration to build a modern, smart, and sustainably developing banking sector in the digital age.
According to the Governor of the State Bank of Vietnam, the Digital Transformation Competition for the Banking Sector is being held in the context of the entire sector actively implementing key tasks on the development of science, technology, innovation, and digital transformation in accordance with Resolution No. 57-NQ/TW dated December 22, 2024, of the Politburo on breakthroughs in the development of science, technology, innovation, and national digital transformation.
"This is one of the key and practical activities to commemorate the 75th anniversary of the establishment of the Vietnamese banking industry. Not only does it have the significance of a movement activity, but the competition is also an opportunity to concretize the national digital transformation orientations throughout the entire system," said Mr. Pham Duc An.
“The competition is a significant event, contributing to enhancing knowledge, strengthening solidarity, and inspiring aspiration for innovation among officials, civil servants, and employees throughout the banking sector. This is not only a beneficial platform but also a milestone demonstrating the banking sector's determination to proactively adapt to technological trends, promote in-depth and substantive digital transformation; it is also an opportunity for units within the sector to promote their image, culture, and brand to the community,” the Governor of the State Bank of Vietnam shared.
Over the years, the banking sector has consistently been one of the pioneers in applying technology and promoting digital transformation. With a focus on putting people and businesses at the center and using customer experience as a benchmark, the banking sector has achieved many positive results in terms of institutional framework, technological infrastructure, data, digital payments, digital services, and system security and safety.
The Organizing Committee awarded three third prizes to the Vietnam Agricultural and Rural Development Bank ( Agribank ); Ho Chi Minh City Development Commercial Bank (HDBank); and the Vietnam National Credit Information Center (CIC).
Five consolation prizes were awarded to the Vietnam Deposit Insurance Corporation (DIV); Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank); Loc Phat Vietnam Joint Stock Commercial Bank ( LPBank ); Vietnam Maritime Commercial Bank (MSB); and Ho Chi Minh City University of Banking.
To date, digital payment infrastructure continues to be heavily invested in and upgraded; cashless payments are growing rapidly; many credit institutions have over 90% of their transactions conducted through digital channels; and the ecosystem of digital banking products and services is becoming increasingly diverse and convenient. Administrative reform, the provision of comprehensive public services, and the development of data infrastructure in the banking sector continue to be promoted, creating an important foundation for the comprehensive digital transformation process.
However, alongside the achievements, Governor Pham Duc An also noted that the banking sector is facing many challenges, such as increasingly stringent requirements for information security and safety; pressure to develop digital human resources; disparities in digital transformation capabilities among different units; and the need for even more vigorous innovation to adapt to new technological trends. This shows that digital transformation is not just about technology, but more importantly, it requires a change in mindset, awareness, and working methods of each employee.
Therefore, Governor Pham Duc An emphasized that the competition has special significance in spreading digital thinking, building a digital culture, and promoting the spirit of learning, innovation, and creativity throughout the industry. This is not only a professional competition, but also a large-scale training and knowledge update program for officials, union members, and workers throughout the industry.
In his concluding remarks at the competition, Mr. Pham Tien Dung, Deputy Governor of the State Bank of Vietnam, Chairman of the Vietnam Banking Union, and Head of the Organizing Committee, stated that the 2026 Digital Transformation Competition for the Banking Sector is a practical activity to celebrate the 75th anniversary of the establishment of the Vietnam Bank, in response to the Digital Transformation Day for the Banking Sector; contributing to raising awareness, digital skills, and promoting the pioneering role of the banking sector in implementing national digital transformation and the digital literacy movement. The competition was organized by the Vietcombank Union as a co-organizing partner of the Vietnam Banking Union.
According to the Deputy Governor, it can be confirmed that the 2026 Digital Transformation Competition for the Banking Sector has successfully achieved its set objectives. 32 teams from banks, credit institutions, and other units within the sector, with over 600 staff members directly participating, competed over a one-day period at the Vietnam-Soviet Friendship Cultural Palace. The teams went through three rounds of competition: “Combining Strength,” “Conquering the Digital Age,” and “Creating the Digital Future.”
In Round 1, "Combining Strengths," the competing teams presented many elaborately staged performances and modern artistic displays, showing that the digital transformation of the banking industry is not just about technology, but has truly become a journey of mindset, culture, and people.
Teams that left their mark included Vietcombank and Agribank with their powerful stage effects; HDBank and Techcombank, impressing with their high artistic content; and CIMB, showcasing innovative and unique ideas.
Moving on to the "Conquering the Digital Age" round, the competing teams continued to demonstrate their professional knowledge, quick reflexes, and ability to apply their understanding of digital transformation. The question system was built from a bank of 400 questions, revolving around key topics such as digital data, digital payments, information security, artificial intelligence, administrative reform, and digital banking…
Each team participated in two rounds of competition with 20 questions, including 4 advanced questions that were kept strictly confidential. The contestants demonstrated serious preparation, solid professional knowledge, quick reflexes, and composure under time pressure.
Making a strong impression in Round 2 was the outstanding team leading with a perfect score of 40 points in the shortest time, namely the National Credit Information Center (CIC). Besides them, the Vietnam Foreign Trade Commercial Bank (Vietcombank), Vietnam Maritime Commercial Bank (MSB), and Vietnam Social Policy Bank (VBSP) also performed very well.
In particular, Round 3, "Creating the Digital Future," truly became a highlight and the decisive part of the competition. This was where the teams showcased their creative thinking, analytical skills, and proposed practical solutions for the banking industry.
In the proposal section, the teams presented numerous ideas and initiatives related to business process innovation, management, technology application, enhancing customer experience, developing digital banking, and ensuring system security and safety. Many solutions were evaluated as highly applicable, not only suitable for implementation within their respective units but also potentially deployable across the entire banking sector.
- The "Innovation" award was given to 7 recipients: Asia Commercial Bank; Ban Viet Commercial Bank; Vietnam Asset Management Company Limited; Saigon - Hanoi Commercial Bank; Online Mobile Services Joint Stock Company; Vietnam International Commercial Bank; and Nam A Commercial Bank.
- The "Popular Education Digital" award was presented to 6 units including: Southeast Asia Commercial Joint Stock Bank; National Commercial Joint Stock Bank; National Currency Printing Factory; CIMB Vietnam Limited Liability Bank; Military Commercial Joint Stock Bank; and Vietnam Cooperative Bank.
Notable examples in this competition include: Vietcombank with its dynamic QR code and direct connection to C06; Vietinbank's proposed solution with Digital LC; and Sacombank's solution of requiring only one-time authentication shared across the entire ecosystem, saving customers both time and money.
According to Deputy Governor Pham Tien Dung, this year's participating teams demonstrated professionalism, creativity, and thorough investment in content, technology, and performance style. Many performances made a strong impression thanks to teamwork, the application of modern technology, and emotionally rich messages, reflecting the spirit of innovation and the aspiration for digital transformation within the banking industry. The program was not only an internal competition but also spread the image of a modern, dynamic, resilient banking industry ready to break through in the digital age.
Source: https://baotintuc.vn/kinh-te/hoi-thi-chuyen-doi-so-nganh-ngan-hang-20260523102907729.htm
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