Disruptive technologies spur the evolution in the financial landscape, with comprehensive applications providing convenient access to customers’ banking needs.

Vietnam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong speaks about the efforts made towards digitalization in the agriculture sector of Vietnam.

From the state firms’ perspective with the priority of ensuring no loss to state capital, investments in innovation pose high risks due to its uncertain nature, which could translate into successes into the long term or not.

‘Digital transformation’ entails digitizing business activities to generate data which could be used for specific business purposes and corporate governance.

VietNamNet Bridge - The government has taken serious steps to help the national economy catch up with the 4.0 industry revolution. However, the digitalization of Vietnam’s enterprises is going slowly.

The world’s leading credit rating firms have ranked Vietnamese commercial banks at higher positions this year, reflecting the success of monetary policy and efforts made by commercial banks.

Vietnamese bankers have all announced that they will digitalize banking transactions, but only a few banks have kicked off the process.

VietNamNet Bridge - The Prime Minister has approved a project on developing a digitized system which systematizes, stores and disseminates Vietnamese knowledge in many fields.

VietNamNet Bridge - Three years ago, a 4K 42-inch TV cost VND300 million, but now sells for VND12 million.

TV enterprises would have to spend several trillions of dong to buy new machines to broadcast TV programs in new technology, while people would have to pay VND9,100 billion to buy set top boxes to watch terrestrial digital TV.