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Digital Banking in Vietnam Current Situation and Recommendations

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• Volume 5,Issue 4,July 2018

Year:

2018

Type of Publication:

Article

Keywords:

Banking Development, Banking Industry, Digital Banking and Rapid Trend

Authors:

• Nguyen, Thanh Phuong
• Dang, Thi Lan Phuong

Journal:

IJIRES

Volume:

5

Number:

4

Pages:

418-420

Month:

July

ISSN:

2349-5219

BibTex:

@article{1333, author = "Thanh Phuong Nguyen and Thi Lan Phuong Dang", abstract = "Nations all over the world have been and will be entering the fourth industrial revolution which is the digital era with technologies such as virtual reality, internet connection, 3D printing, large data, and artificial intelligence. Therefore, the banking industry has to be reformed in order to utilize the resources and technologies for development. One of the key aspects for this process is Digital Banking. At the moment, digital banking services are being developed at a rapid pace and it helps the banks shorten transaction time, reduce costs, and promote competitiveness. Digital banking is now considered as the future of the banking industry. In a developing country like Vietnam, the development of digital banking is not only an opportunity or a trend but also a significant challenge", issn = "23495219", journal = "IJIRES", keywords = "Banking Development, Banking Industry, Digital Banking and Rapid Trend", month = "July", note = "This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. CC BY-NC-SA 4.0 Creative Commons License: https://creativecommons.org/licenses/by-nc-sa/4.0/", number = "4", pages = "418-420", title = "{D}igital {B}anking in {V}ietnam {C}urrent {S}ituation and {R}ecommendations", volume = "5", year = "2018", }

Note:

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. CC BY-NC-SA 4.0 Creative Commons License: https://creativecommons.org/licenses/by-nc-sa/4.0/

Abstract:

Nations all over the world have been and will be entering the fourth industrial revolution which is the digital era with technologies such as virtual reality, internet connection, 3D printing, large data, and artificial intelligence. Therefore, the banking industry has to be reformed in order to utilize the resources and technologies for development. One of the key aspects for this process is Digital Banking. At the moment, digital banking services are being developed at a rapid pace and it helps the banks shorten transaction time, reduce costs, and promote competitiveness. Digital banking is now considered as the future of the banking industry. In a developing country like Vietnam, the development of digital banking is not only an opportunity or a trend but also a significant challenge

Full text: IJIRES_1333_FINAL.pdf Online version [Bibtex]