Mr. Nguyen Toan Thang, Secretary General of the Vietnam Banks Association, told the forum that Vietnamese banks are now moving in line with new technology trends. “They are transitioning from traditional banking to digital banking, transforming their business model, enhancing the customer experience with new products and solutions for business, building modern digital infrastructure, managing data, and applying artificial intelligence,” he said. “Industry 4.0 will create more opportunities for Vietnamese banks to develop retail banking, enhancing the application of innovative business solutions and breakthrough technologies to meet the needs of customers, especially those sensitive to new technology.”Mr. Ha Huy Tuan, Deputy Chairman of the National Financial Supervisory Commission (NFSC), told the forum he acknowledged that many successful models stemming from Industry 4.0, such as Uber, Grab, Traveloka, Alibaba, and Amazon, are posing challenges for banks in … [Read more...] about Industry 4.0 to affect retail banking
Industry
Government attaches importance to developing smart industries: PM
Photo: VGP/Quang Hieu The government considers the work as a pivotal task of economic restructuring in association with the reform of growth model, towards higher productivity, quality, efficiency and competitiveness, he said.The PM made the remark at the Smart Industry World 2017 Conference and Expo that opened in Ha Noi on December 4, under the theme “Discovering the smart industries – Defining the future economy”.The two-day event, co-organised by the Party Central Committee’s Economic Commission and the International Data Group (IDG), features an exhibition on Industry 4.0 technologies which brings together nearly 50 outstanding firms, both at home and abroad, across the fields of automation, robot, smart technologies, agriculture, health, education, fintech and software. Photo: VGP/Quang Hieu In his opening … [Read more...] about Government attaches importance to developing smart industries: PM
Forum talks future of retail banking in Industry 4.0
The Retail Banking Forum takes place in Hanoi on December 6 - Photo: thanhnien.vn The information was highlighted at the Retail Banking Forum in Hanoi on December 6. The forum on the future of retail banking and payment services in the Industry 4.0 era was part of a series of workshops and events on smart city building. Theo VNA … [Read more...] about Forum talks future of retail banking in Industry 4.0
Smart Industry World 2017 to shape Vietnamese smart industry
Organised on December 4-5, Smart Industry World 2017, themed “Shaping and Developing Smart Manufacturing Industries in the Future,” is a large-scale international event on smart technology, consisting of a series of four seminars and an exhibition on technologies under Industry 4.0.Prime Minister Nguyen Xuan Phuc stressed that the event offered an opportunity for Vietnam to identify advantages, difficulties, and challenges to determine the orientation, major tasks, and measures necessary to develop its smart industry in the near future.He noted that the Vietnamese government should focus on guiding the building and development of the digital economy and the smart industry, considering them as key tasks in restructuring the economy as well as shifting the growth model towards improved productivity, quality, efficiency, and competitiveness.He also identified several key tasks and solutions ahead: improving institutions, mechanisms, policies, and laws for the development of … [Read more...] about Smart Industry World 2017 to shape Vietnamese smart industry
PM urges taking advantage of opportunities from Industry 4.0
NDO – The fourth Industrial Revolution (Industry 4.0) is an opportunity to fulfill the aspirations for a prosperous country; therefore, relevant agencies and enterprises should overcome all difficulties to take full advantage of the opportunities from the revolution to develop.The statement was made by Prime Minister Nguyen Xuan Phuc at a seminar under international conference and exhibition on smart industry (Smart Industry World 2017) in Hanoi on December 5.The event was also attended by Politburo members: Nguyen Van Binh, Secretary of Party Central Committee (PCC) and Head of the PCC’s Economic Commission; and Hoang Trung Hai, Secretary of Hanoi municipal Party Committee.Taking place on December 4-5, Smart Industry World 2017 is a large-scale international event on smart technology, consisting of four a series of four seminars and an exhibition on technologies under industry 4.0.Addressing the seminar on ‘shaping and developing smart manufacturing in the future, … [Read more...] about PM urges taking advantage of opportunities from Industry 4.0