Publisher :  Timeline Publication Pvt. Ltd , .ISSN : 2349 - 5219

International Journal of Innovation and Research in Educational Sciences

Digital Banking in Vietnam Current Situation and Recommendations

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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
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

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