Therefore, the examination on the relationship between the fintech industry and banking system can give more information on how fintech companies can impact the banking operation, especi
The necessity of the research
The fintech industry has experienced rapid growth and significant digital transformation globally, prompting extensive research into its impact on financial systems In Vietnam, fintech has surged, particularly during and after the pandemic, driven by an increased demand for digital payment solutions The Vietnamese fintech sector shows promising potential for future growth, highlighted by notable achievements such as MoMo being recognized as one of the Top 10 Global Platforms in 2023 by TABInsight under The Asian Banker (Dat, 2023).
The Fintech industry's growth has positively impacted bank performance by facilitating digital transformation within the banking system, aligning with the current global digital trend This relationship fosters mutual collaboration, allowing banks to leverage fintech innovations to enhance their digital banking services, particularly in response to the rising demand for online payments post-pandemic Conversely, fintech firms can benefit from banks' resources, including financial support for research and development and customer data for effective marketing Given the recent emergence of the fintech sector, collaboration with banks is a strategic approach to overcoming competitive challenges rather than positioning themselves as rivals.
Examining the relationship between the fintech industry and the banking system provides valuable insights into how fintech companies influence banking operations, particularly the performance of Vietnamese banks This analysis also highlights existing challenges within this relationship in the Vietnamese market, aiming to identify effective solutions to these issues.
Literature Review and Hypothesis Development
Fintech has appeared in Vietnam since the year of 2015, but it just witnessed a steady growth in recent years, especially during the pandemic with 56% of fintech users in 2021 (SBV, 2021)
Fintech is rapidly emerging in Vietnam's finance sector, with the number of fintech startups increasing from 40 to over 150 in just four years, reflecting a remarkable growth rate of more than four times since 2016.
2019) (Nguyen et al., 2020) Specifically, it has been pointed out that most of those fintech companies in Vietnam preferred developing online payment tools and have linked with the
The fintech industry in Vietnam is poised for significant growth, driven by a large percentage of the population engaging with digital finance; 69% of Vietnamese have savings accounts, 45% own smartphones, and 57% access the Internet via their phones, with these figures expected to rise (Nguyen et al., 2022) Despite strong expansion during the pandemic, fintech faces challenges, including a lagging legal framework that has created opportunities for online scams (Le, 2018) Additionally, risk management, particularly in data security, remains a critical concern for the industry (Pham, 2023).
Despite facing numerous challenges during the Covid-19 pandemic, Vietnam's banking sector has shown resilience and growth in 2023 (Hieu, 2024) Recent reports indicate that the profit after tax for Vietnamese commercial banks has increased, reflecting strong business performance and positive outlooks from financial experts (Hieu, 2024) While the pandemic posed economic setbacks, it also accelerated digitalization within the banking industry, supported by advancements from the Fourth Technology Revolution (Ngoc, 2021) According to the State Bank of Vietnam (SBV, 2021), the sector has achieved significant milestones over the past 35 years, including improvements in foreign exchange management, regulatory frameworks, and payment infrastructure These developments signal a promising future for the banking industry, which plays a crucial role in economic stabilization, as acknowledged by the government (MOF, 2024).
The Fourth Technology Revolution has significantly highlighted the importance of fintech, particularly during the Covid-19 pandemic Nguyen Toan Thang, General Secretary of the Vietnam Banks Association, emphasized that the emergence of fintech companies in Vietnam has intensified the competition in digital banking among local banks.
In 2024, the fintech industry's growth, influenced by various external factors, has intensified pressure on the banking sector to enhance their digital banking technologies Consequently, driving investment in digitization has emerged as a crucial strategy for financial institutions to remain competitive and meet evolving consumer demands.
Vietnamese banks are increasingly focusing on digital technology development and investing in R&D, as reflected in a report by Vietnam Report (2024) A significant 72% of fintech companies in Vietnam have chosen to collaborate with banks, while only 14% have opted to develop new services or compete directly This trend indicates that fintech firms recognize their limited experience in rivaling established banks and prefer partnerships that enhance mutual growth Such collaborations allow banks to leverage fintech innovations while enabling fintech companies to expand their reach through bank networks Ultimately, this synergy benefits both sectors and contributes positively to the broader economy amid the ongoing digitalization era (SBV, 2022).
Research gap
Fintech has emerged as a significant area of research globally, particularly in the context of rapid digital transformation and its implications for financial structures and banking operations In Vietnam, the post-pandemic surge in digital payments has garnered government support for cashless transactions and the fintech industry's growth While several studies have examined the efficiency and potential of fintech in Vietnam, there remains a notable gap in understanding its relationship with Vietnamese banks This research aims to investigate the impact of fintech on the profitability of banks within the Vietnamese market.
Research questions
This research investigates the impact of fintech companies on the business performance of the banking sector in Vietnam, focusing on how the growth of the fintech industry influences the performance of Vietnamese banks The study aims to define key research questions to explore this relationship further.
● Whether the growth of fintech users can benefit banks' performance?
● Whether the development in business performance of the fintech industry may have a positive effect on banks performance?
Scope and access
This study examines the relationship between Vietnamese fintech companies and the banking sector by analyzing 10 listed banks, which include both state-owned commercial banks (SOCB) and joint-stock commercial banks (JSCB) Additionally, the research will incorporate various subsamples and macroeconomic factors during the model estimation process.
Research method
The research will gather related statistical dataset on given variables in order to make statisical analysis and evaluation for the given regression model.
Research structure
In addition to the introduction, conclusion, reference list and appendix, the topic “The effect of
Fintech companies on business performance of Banking sector in Vietnam” is structured in 3 chapters as follow:
Chapter I: Practical issues on Vietnamese fintech industry and banking sector
Chapter II: Research methodology and findings
PRACTICAL ISSUES ON VIETNAMESE FINTECH INDUSTRY AND
Overview of previous studies and Hypothesis development
Previous research has explored the impact of fintech companies on banking systems in various countries, revealing conflicting findings For example, Phan et al (2019) identified a negative relationship between fintech firms and bank performance in Indonesia, while Naser et al (2024) demonstrated a positive correlation in Bahrain Given the fintech industry's anticipated growth, this study aims to establish evidence of the beneficial collaboration between fintech firms and banks Additionally, Bashayreh and Wadi (2021) found a positive relationship between fintech growth and banking performance in Jordan, further supporting the notion that the fintech sector positively influences banks.
Research indicates that Indonesian customers exhibit greater awareness and satisfaction with fintech services compared to traditional banks, resulting in higher customer satisfaction rates for fintech in Indonesia (2019) In China, an analysis by Chen (2020) revealed that while Internet-only banks faced profitability challenges, they possess significant potential for future growth Additionally, Lee et al (2021) found a positive correlation between fintech innovation and the efficiency of Chinese banks, highlighting that such innovations enhance cost efficiency and facilitate technological advancements within the banking sector.
Previous research indicates that the fintech industry generally has a positive impact on the banking sector's operations To explore this relationship further, this study will examine the effects of fintech on the performance of banks in Vietnam, establishing a hypothesis to guide the investigation.
H1: The development of Fintech companies affects positively to the profitability of Vietnamese banks
The profitability in this research, also as other former studies, will be chosen as ROAA and ROAE ratio of banks in the context of Vietnam market
1.2.Overview of Vietnam fintech industry
Figure 2: The number of Fintech companies in Vietnam in the period of 10 years (2014-2023)
(Source: State Bank of Vietnam, 2024)
Between 2014 and 2023, Vietnam's fintech sector experienced remarkable growth, expanding from 49 companies to 187, marking an impressive increase of over 281% (SBV, 2024) Although fintech has been present in Vietnam for years, its significant development began in 2018, when the market saw 125 fintech companies and attracted around 31.7 billion USD in investments during the first half of this period (Nghiem, 2019) Recognizing the sector's potential, the State Bank of Vietnam established the "Fintech Steering Committee" in 2017 to enhance the fintech ecosystem and legal framework while supporting local fintech companies (Nghiem, 2019) By 2021, Vietnam was recognized as one of the most promising fintech markets in Southeast Asia, ranking third in the region for fintech funding with 388 million USD raised across 15 deals, accounting for 10% of the total closed deals in Southeast Asia (Pham, 2018).
2023) Those figures have proved that the fintech industry, in recent years, has become more common in Vietnam and fintech, nowadays, has been familiar to Vietnamese users Moreover,
8 it can be seen that this industry grew faster in the 3 years of pandemic (2020-2022), with about
During the recovery period of 2023, Vietnam saw a significant increase in fintech applications, with 141 new entries initially and a total of 187 companies emerging This growth highlights the rising necessity of fintech solutions in the finance sector, driven by the increased demand for online shopping and payment services during the lockdown (SBV, 2024).
Overview of Vietnam banking industry
Figure 3: Number of Vietnamese banks by categories
The Vietnamese banking industry is highly competitive, comprising 49 banks, including 4 state-owned, 31 joint stock commercial, 9 foreign-owned, 2 policy banks, 1 cooperative bank, and 2 joint venture banks (Ngo, 2024) As a crucial sector, banks play a vital role in managing cash resources and funding enterprises, thus contributing significantly to the country's economic stability Despite its maturity, the industry still presents growth opportunities, particularly due to government policies promoting cashless payments The State Bank of Vietnam has urged banks to enhance promotional programs to encourage the adoption of digital payment methods, resulting in an increase in bank account users among Vietnamese adults (Government News, 2023).
State-owned Banks Joint Stock Commercial Banks Foreign-owned Banks Policy Banks
Cooperative Banks Joint Venture Banks
Approximately 75% of Vietnamese adults have bank accounts (Government News, 2023), presenting a significant opportunity for banks to expand their customer data, attract new clients, and enhance their business performance Additionally, similar to other industries, the banking sector possesses its own market share, with several leading institutions dominating the landscape.
“Big 4 Banks” in Vietnam - namely Vietcombank (VCB), BIDV (BID), Agribank, Vietinbank (CTG), and some other joint stock banks as Techcombank (TCB), VPBank (VPB), …
Since the fintech boom in 2018, banks have faced significant challenges to their market share and business performance In response to the digital transformation in the financial sector, Vietnamese banks have adapted by enhancing their technology to improve customer service Some institutions have prioritized research and development to innovate their systems, while others have opted to collaborate with established fintech companies for mutual growth, a strategy supported by the State Bank of Vietnam (Phuong, 2018).
Overview of the relationship between Fintech and Banks
The relationship between the fintech industry and the banking sector has gained significant traction in recent years, particularly during the technological boom and the Covid-19 pandemic, which accelerated online shopping and digital payment adoption (SBV, 2023) This surge in digital transactions presented unexpected opportunities for both fintech companies and banks, a trend that continued even after the pandemic's peak (Carbo-Valverde et al., 2021) However, the rapid growth of fintech also introduces potential risks, notably cyber threats, which could negatively impact banks' operational performance (Al-Shari and Lokhande, 2023) As Vietnam enhances its digital transformation in banking and reduces cash dependency, the State Bank of Vietnam (SBV) and the government are focused on fostering a robust relationship between fintech and banks while developing appropriate regulations (SBV, 2024) Ultimately, the Vietnamese government is committed to the sustainable growth of the fintech sector, anticipating a positive synergy between fintech and traditional banking institutions.
RESEARCH METHODOLOGY AND FINDINGS
Research methodology
The profitability of banks in Vietnam, represented by 𝑩𝑷 𝒊,𝒕, is assessed through the ROAA and ROAE coefficients of ten prominent banks listed in the Top 10 Prestigious Banks in Vietnam for 2023 by Vietnam Report, including Vietcombank, BIDV, and Techcombank, over a decade Additionally, 𝑭𝑰𝑵𝑻𝑬𝑪𝑯 𝒊,𝒕 reflects two key aspects of the fintech industry: the number of fintech users and the total transaction value, measured using logarithmic values The variable 𝑿 𝒊,𝒕 includes control variables such as bank size (logarithm of total assets) and bank age (years since establishment) Furthermore, 𝑮𝑫𝑷 𝒕 signifies the GDP growth rate during the specified period, serving as a crucial macroeconomic factor in this analysis.
In order to explore the results for the analysis, the model will be approached through the Ordinary Least Squares (OLS) method with the support of the EView application
This research aims to analyze the relationship between the growth of the fintech industry and the business performance of Vietnamese banks over a decade (2014-2023) By gathering data on the number of fintech users, total transaction value, and profitability ratios such as Return on Asset Average (ROAA) and Return on Average Equity (ROAE), alongside Vietnam's GDP growth rate, the study seeks to demonstrate that increased fintech activity positively influences bank profitability Data will be sourced from Vietstock Finance for banking profitability ratios, and the State Bank of Vietnam (SBV) and General Statistics Office (GSO) for fintech user metrics and GDP growth rates The profitability ratios will serve as dependent variables to assess the impact of fintech developments on the banking sector's performance.
In the model, users, transaction value, and GDP growth rate will be treated as independent variables, while bank size and bank age will serve as control variables to enhance the robustness of the estimation.
Data Analysis
H1: The development of Fintech companies affects positively to the profitability of Vietnamese banks
Table 1:Descriptive Analysis of the variables
Over a 10-year period, the selected Vietnamese banks exhibited an average Return on Average Assets (ROAA) of 1.389% and a Return on Average Equity (ROAE) of 16.802% In contrast, Vietnam's fintech sector has seen an average user base of 55.280 million, with a fintech market size averaging 5.3844 billion VND in total transactions Additionally, the country's macroeconomic environment is characterized by an average GDP growth rate of 6.047%.
Over the past decade, Vietnam has demonstrated a steady growth rate typical of developing nations, alongside a stable macroeconomic environment that supports future expansion Additionally, the positive skewness coefficients of Return on Average Assets (ROAA), the number of fintech users, and the size of the fintech market indicate promising trends in these sectors.
The analysis reveals that the data exhibits a right-skewed distribution, while other variables are either negative or left-skewed, with all kurtosis values below 3, indicating a platykurtic distribution in the regression According to the Jarque-Bera Test, the variables ROAE, BANK_SIZE, and FINTECH_MS show P-values greater than 0.05 (0.134, 0.163, and 0.7041 respectively), suggesting that these variables follow a normal distribution.
BANK_SIZE BANK_AGE GDP
Table 2: The Collinearity Check for the model
The analysis of collinearity among independent variables reveals a significant issue between fintech users and fintech market size, with a collinearity value of 0.973, which exceeds the threshold of 0.9 Additionally, collinearity concerns are identified between bank age and other variables, excluding GDP Although these collinearity issues are present, their impact on the correlation between independent and dependent variables is minimal, suggesting that any resultant changes in correlation are likely to be small.
H1: The performance of Vietnamese fintech businesses affects to the ROAA of 10 selected
Variables Coefficient (t-statistics) Standard Error Probability
Table 3: Summary of econometric results of ROAA model
The table indicates that the standard error for all four independent variables is relatively low, with each value below 0.2, suggesting that the observed data closely aligns with the regression line Additionally, the adjusted R-squared value is 0.4564, or 45.64%, indicating that 45.64% of the Return on Average Assets (ROAA) can be explained by the four independent variables: fintech users, fintech market size, bank size, and GDP This demonstrates that the model's explanatory power is 45.64%.
The Durbin-Watson coefficient is measured at 0.4504, falling outside the acceptable range of 1.5 to 2.5 for this testing method This indicates potential auto-correlation within the model, necessitating caution in interpreting the results and analysis.
In the context of F-statistics test, assuming that:
The F-statistics probability value is 0.000, which is below the 0.05 threshold, leading to the rejection of H0 and acceptance of H1 Consequently, this indicates that the model is statistically significant.
To test the efficiency of each independent variable on the dependent variable in this model, assuming that:
𝐻0: 𝛽 1 = 0 (there is not affect of fintech users on ROAA)
The probability value of 0.0002, which is less than 0.05, leads to the rejection of H0 and acceptance of H1, indicating that the number of fintech users significantly influences the Return on Average Assets (ROAA) of Vietnamese banks Specifically, a positive coefficient of 0.0519 suggests that for every increase of 1 million fintech users, the ROAA of these banks increases by 0.0519% This finding underscores the strong positive relationship between fintech users and the ROAA of Vietnamese banks, thereby supporting the hypothesis.
Recent studies have consistently shown a positive correlation between fintech development and the efficiency and profitability of banks, particularly reflected in the return on assets (ROA) In Vietnam, where the fintech industry is still in its early stages, the observed growth in banks' return on average assets (ROAA) alongside fintech advancements signals a promising trend, indicating a sustainable relationship between the two sectors.
𝐻0: 𝛽 2 = 0 (there is no effect of fintech transaction value on ROAA)
𝐻1: 𝛽 2 ≠ 0 (fintech transaction value affect ROAA)
The probability value of 0.0272, being lower than 0.05, allows for the rejection of H0 and acceptance of H1 This indicates that fintech transaction value significantly impacts ROAA However, the negative coefficient of -0.0135 suggests that an increase in fintech transaction value results in a decrease in ROAA, specifically a 0.0135% reduction for every 1 VND increase in the logarithm of fintech transaction value.
Promoting fintech transaction value negatively impacts banks' Return on Average Assets (ROAA) by expanding fintech's customer market share, leading to a loss of bank customers This shift results in decreased business profitability, specifically reflected in a lower ROAA for banks.
𝐻0: 𝛽 4 = 0 (there is no effect of GDP growth rate on ROAA)
𝐻1: 𝛽 4 ≠ 0 (GDP growth rate affect ROAA)
The probability value of 0.0258, being lower than 0.05, leads to the rejection of H0 This indicates that Vietnam's GDP growth rate positively influences the Return on Average Assets (ROAA) of Vietnamese banks Specifically, a 1% increase in GDP is associated with a 0.1022% rise in ROAA, demonstrating the significant impact of macroeconomic factors on bank performance.
In summary, the growth in the number of fintech users has a beneficial impact on the return on average assets (ROAA) of 10 Vietnamese banks, with each additional million users correlating to a 0.0519% increase in ROAA Conversely, a rise in fintech transaction value, represented by a 1 VND increase in its logarithm, is associated with a 0.0135% decrease in ROAA Additionally, the GDP growth rate plays a significant role, as a 1% increase in GDP contributes to a 0.1022% rise in banks' ROAA.
H1: The performance of Vietnamese fintech businesses affects to the ROAE of 10 selected Vietnamese banks
Variables Coefficient (t-statistics) Standard Error Probability
Table 4: Summary of econometric results of the ROAE model
The standard error for all four independent variables is notably small, indicating that the observed data closely aligns with the regression line The adjusted R-squared value is 0.3494, suggesting that 34.94% of the variation in the dependent variable can be explained by the independent variables in this model However, the Durbin-Watson test yielded a value of 0.9234, which falls outside the acceptable range, indicating potential auto-correlation issues within the model.
For testing the F-statistics, assuming that:
The F-statistics value is 14.2958, with a probability value of 0.0000, which is less than the 0.05 threshold Consequently, the null hypothesis (H0) is rejected, and the alternative hypothesis (H1) is accepted, demonstrating that the model is statistically significant.
For testing the hypothesis, assuming that:
𝐻0: 𝛽 1 = 0 (no effect of fintech users on ROAE)
Discussion and Findings
2.3.1 The development of Vietnam fintech industry
The growth of Vietnamese fintech companies from 2014 to 2023 highlights the sector's success and promising future in Vietnam, driven by continuous technological advancements A notable example is Finhay's collaboration with VinaSecurities (VNSC), which successfully integrated AI technology for securities investment analysis, earning the "Most Innovative Use of AI/ML" award at the IBSi Global Fintech Innovation Awards 2023 This achievement underscores the potential for further development in Vietnam's fintech market through modern innovations Additionally, the favorable political and economic conditions, particularly during the Covid-19 pandemic and the global energy crisis, have created significant opportunities for the fintech industry to thrive.
The Russia-Ukraine conflict has accelerated digitalization, presenting significant opportunities for the fintech industry, particularly in Vietnam (Dinh and Tran, 2023) The rise in base interest rates aimed at combating inflation has further positioned the fintech sector for growth both globally and within Vietnam's market With Vietnam recognized for its high competitiveness and potential, the fintech industry is projected to achieve a remarkable growth rate, reaching an estimated value of 18 billion USD by 2024 (MIC, 2022) In conclusion, while the Vietnamese fintech market is poised for substantial growth, it is essential for the government to enhance political and economic support to maximize developmental advantages.
2.3.2 The better performance of fintech companies leads to the better business performance of Vietnamese banks
The performance of fintech companies has positively impacted the profitability of Vietnamese banks from 2014 to 2023, highlighting a supportive relationship between the two sectors that fosters sustainable growth This collaboration opens up numerous opportunities for development, reinforcing the importance of promoting their partnership for the future of Vietnam's economy Experts believe that despite potential challenges, banks can benefit significantly from innovative fintech products that enhance customer satisfaction and improve their reputation Fintech solutions offer convenient access to banking services remotely, making them more affordable and accessible Particularly in the realm of digital payments, which surged during the quarantine, the convenience and flexibility of these services have accelerated Vietnam's transition to a cashless economy Additionally, fintech and banks have improved customer experiences in areas such as loans, security investments, and cash transfers, further solidifying their beneficial impact on the financial landscape.
In the wake of Covid-19, technology enabled customers to complete all procedures online, eliminating the need to visit service counters, thereby addressing their needs effectively during the pandemic Post-pandemic, the Government has prioritized digitalization in businesses, with the banking sector leading this transformation (Minh, 2024) This trend indicates significant potential for fintech development in Vietnam, particularly through partnerships with local banks under the oversight of the State Bank of Vietnam As the fintech industry expands, it promises to benefit the banking sector financially Consequently, the Government is actively supporting fintech companies to enhance the attractiveness of the Vietnamese fintech market to foreign investors and to strengthen the overall performance of the banking industry.
RECOMMENDATION
To ensure the future growth of the fintech industry, it is essential to expand customer data collaboration between fintech companies and banks, maximizing profitability through their positive relationship With the rapid rise of fintech, the cashless payment trend, and Vietnam's high internet penetration rate of 79.1% in 2023, there is significant potential for customer growth Over 60% of internet users engage in online shopping weekly, and as Vietnam's GDP continues to grow, the demand for digital payment solutions is expected to rise To attract and retain customers, fintech firms should collaborate with banks to enhance promotions and services, ensuring customer satisfaction and leveraging word-of-mouth marketing Additionally, both sectors must prioritize policies regarding information safety and the protection of personal data from cyber risks.
To foster sustainable growth in Vietnam's fintech sector, it is essential to enhance policies and legal frameworks that create a conducive environment for development Collaboration between fintech firms and banks represents a significant advancement; however, it alone is insufficient for long-term success The State Bank of Vietnam (SBV) and the Government must intensify their support to encourage innovation while ensuring the stability of the financial market Addressing the current gaps in the legal framework surrounding fintech is crucial, as ambiguity can deter potential investors and hinder business progress Timely action will facilitate stronger partnerships between fintech companies and banks, as well as spur technological advancements Prioritizing investment in research and development, particularly in cutting-edge technologies like AI and Blockchain, is vital Additionally, the Government and the Ministry of Finance (MOF) should actively promote R&D initiatives across scientific organizations, research institutes, and universities to establish a robust infrastructure for fintech growth Human resource development is also a critical component of the fintech evolution process.
To address the demand for skilled professionals in the fintech sector, it is essential to enhance academic training programs in major cities and encourage universities to offer fintech majors This initiative aims to cultivate a high-quality workforce equipped with advanced technological knowledge Additionally, establishing internship programs through partnerships between educational institutions and fintech companies will provide students with valuable practical experience, further bridging the gap between education and industry needs.
The collaboration between fintech companies and banks in Vietnam presents significant advantages for the banking sector, particularly in enhancing business performance and fostering growth As a vital component of Vietnam's economy, the banking industry receives robust support from the Government and the Ministry of Finance to improve its operations This partnership allows banks to leverage the rapid innovation and technological advancements of fintech firms, which they may struggle to adopt independently Conversely, fintech companies benefit from the established reputation of Vietnamese banks, broadening their customer reach Despite being a nascent industry with limited experience, fintech holds immense potential for future growth, especially in light of the 4.0 Technology Revolution However, to achieve sustainable development, fintech must navigate challenges such as legal barriers, technological infrastructure, and human resources The Government's role, particularly that of the Ministry of Finance and the State Bank of Vietnam, is crucial in establishing the necessary legal framework and improving facilities to foster a conducive ecosystem for fintech growth In summary, while the fintech sector has demonstrated success and positively impacted the banking industry, ongoing challenges remain Nevertheless, Vietnam's fintech market is poised for significant potential, with government support aimed at facilitating long-term development and encouraging collaboration between fintech and banking, ultimately benefiting the broader economy.
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Ngân hàng đang tăng cường kết nối dữ liệu dân cư nhằm thúc đẩy chuyển đổi số, theo thông tin từ Thống đốc (2023b) Hiện tại, gần 75% người trưởng thành đã có tài khoản ngân hàng, điều này cho thấy sự phát triển mạnh mẽ trong việc số hóa dịch vụ tài chính tại Việt Nam Việc kết nối dữ liệu không chỉ giúp cải thiện hiệu quả hoạt động của ngân hàng mà còn tạo điều kiện thuận lợi cho người dân trong việc tiếp cận các dịch vụ tài chính.
Government news (2023c) Thủ Tướng KỲ Vọng ngành Ngân Hàng sẽ đi đầu Trong Chuyển đổi
Thủ tướng kỳ vọng ngành ngân hàng sẽ đóng vai trò quan trọng trong quá trình chuyển đổi số quốc gia, nhằm nâng cao hiệu quả hoạt động và phục vụ tốt hơn cho người dân Sự chuyển mình này không chỉ tạo điều kiện thuận lợi cho các giao dịch tài chính mà còn góp phần thúc đẩy sự phát triển kinh tế bền vững Để đạt được mục tiêu này, ngành ngân hàng cần áp dụng công nghệ tiên tiến và cải tiến quy trình làm việc, từ đó đáp ứng nhu cầu ngày càng cao của thị trường.
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Ngo, M (2024) Danh Sách Các Ngân Hàng Tại Việt Nam 07/2024, BANKERVN Available at: https://bankervn.com/danh-sach-ngan-hang/ (Accessed: 02 September 2024)
Nguyen, D et al (2024) Vietcap Available at: https://www.vietcap.com.vn/api/cms- api/uploads/froala/files/Vietnam-Macroenocomic-Outlook-Fulbright-Vietnam-VAD- 2024.pdf (Accessed: 01 September 2024)
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27 https://mof.gov.vn/webcenter/portal/btcvn/pages_r/l/tin-bo-tai- chinh?dDocName=MOF147841 (Accessed: 08 September 2024)
Nguyen, N.T (2021) 10 Năm Tới Giữa Ngân Hàng Truyền Thống và Ngân Hàng SỐ Sẽ không
Còn Khác Biệt | Báo công thương Available at: https://congthuong.vn/10-nam-toi-giua- ngan-hang-truyen-thong-va-ngan-hang-so-se-khong-con-khac-biet-154048.html
Pham, H.X (2021) 35 Năm Cải Cách Ngân Hàng: Thành quả, Hạn Chế và Thách Thức, gợi
Mở ra các giải pháp cải cách ngân hàng trong 35 năm qua, bài viết nhấn mạnh những thành tựu đạt được cũng như những thách thức cần vượt qua Qua đó, cần thiết phải tìm kiếm các giải pháp mới nhằm thúc đẩy sự phát triển bền vững của ngành ngân hàng Việt Nam Để biết thêm chi tiết, vui lòng truy cập vào trang web: https://tapchinganhang.gov.vn/35-nam-cai- cach-ngan-hang-thanh-qua-han-che-va-thach-thuc-goi-mo-cac-giai-phap.htm.
Pham, L.T (2023) discusses the promising prospects of the Financial Technology market in Vietnam in the article published in the Tạp chí Tài chính The article highlights the rapid growth and potential of fintech in Vietnam, emphasizing the increasing digitalization of financial services and the supportive regulatory environment It also explores the challenges and opportunities that the market faces, making it a critical read for stakeholders interested in the future of financial technology in the region For further details, the article can be accessed at [Tạp chí Tài chính](https://tapchitaichinh.vn/trien-vong-thi-truong-cong-nghe-tai-chinh-o-viet-nam.html).
Pham, L.T.N (2023) Cơ Hội và Thách Thức Cho Các Doanh Nghiệp khởi nghiệp lĩnh vực công
Nghệ Tài Chính tại Việt Nam đang phát triển mạnh mẽ, mang đến nhiều cơ hội và thách thức cho các doanh nghiệp khởi nghiệp trong lĩnh vực công nghệ tài chính Tạp chí Tài chính cung cấp những thông tin giá trị về xu hướng và những vấn đề cần lưu ý trong thị trường này Để thành công, các doanh nghiệp cần nắm bắt được những cơ hội này và vượt qua các thách thức hiện tại.
Pham, N (2018) Fintech Việt Nam đang ở đâu Trong Khu Vực ASEAN? 13/04/2018 08:05:00
1101, Chi tiết tin Available at: https://ttcg.mof.gov.vn/webcenter/portal/vclvcstc/pages_r/l/chi-tiet- tin?dDocName=UCMTMP120742 (Accessed: 08 September 2024)
Phan, D.H.B et al (2019) Do financial technology firms influence bank performance?, Pacific-
Basin Finance Journal Available at: https://www.sciencedirect.com/science/article/abs/pii/S0927538X18305638?via%3Dihu b (Accessed: 05 September 2024)
Phuong (2024) Thủ Tướng KỲ Vọng ngành Ngân Hàng sẽ đi đầu Trong Chuyển đổi SỐ Quốc
Thủ tướng kỳ vọng ngành ngân hàng sẽ đóng vai trò quan trọng trong quá trình chuyển đổi số quốc gia, với mục tiêu nâng cao hiệu quả hoạt động và phục vụ người dân tốt hơn Ngành ngân hàng cần tích cực áp dụng công nghệ mới để cải thiện dịch vụ, đồng thời đảm bảo an toàn thông tin và bảo mật dữ liệu Việc chuyển đổi số không chỉ giúp ngân hàng phát triển bền vững mà còn góp phần thúc đẩy nền kinh tế số của đất nước.
Reputa (2023) Reputa Available at: https://reputa.vn/ (Accessed: 03 September 2024)
SBV (2022) Trang Chủ Available at: https://sbv.gov.vn/webcenter/portal/vi/menu/fm/ddnhnn/nctd/nctd_chitiet;jsessionid=iH DSihAnM2ExlwMSqkDsqtrOXQViMKeskt4Mgj74EL1TuQsqMxcH!-1526044513!- 1973210650?centerWidth%25&dDocName=SBV530226&leftWidth %25&p=3
&rightWidth=0%25&showFooterse&showHeaderse&_adf.ctrl- statec5com0zz_46&_afrLoop40764240098755#%40%3F_afrLoop%3D1340764 240098755%26centerWidth%3D80%2525%26dDocName%3DSBV530226%26leftWid th%3D20%2525%26p%3D3%26rightWidth%3D0%2525%26showFooter%3Dfalse%26 showHeader%3Dfalse%26_adf.ctrl-state%3Dknsz2txeh_4 (Accessed: 15 August 2024)
The State Bank of Vietnam (SBV) provides essential information and resources on its official website, which can be accessed at https://www.sbv.gov.vn/webcenter/portal/vi/menu/fm/ddnhnn/nctd/nctd_chitiet Visitors can find detailed documents and updates related to the banking sector, ensuring transparency and accessibility for stakeholders The platform is designed to facilitate navigation and enhance user experience with a structured layout that includes various sections for easy access to pertinent information.
%3Dfalse%26_adf.ctrl-state%3Dqgpqadlwt_4 (Accessed: 08 August 2024)
Siek, M and Sutanto, A (2019) Impact analysis of fintech on banking industry | IEEE conference publication | IEEE xplore Available at: https://ieeexplore.ieee.org/abstract/document/8843778 (Accessed: 02 September 2024)
Stockbiz (2024) Stockbiz: Vĩ MÔ, stockbiz.vn Available at: https://stockbiz.vn/thi-truong/vi- mo (Accessed: 09 August 2024)
Tạp chí Kinh tế và Dự báo - Bộ Kế hoạch và Đầu tư (2024) Tổng Quan ngành Ngân Hàng Năm
2023 VÀ Triển Vọng Tăng Trưởng, Tạp chí Kinh tế và Dự báo - Bộ Kế hoạch và Đầu tư
Available at: https://kinhtevadubao.vn/tong-quan-nganh-ngan-hang-nam-2023-va-trien- vong-tang-truong-28939.html (Accessed: 18 August 2024)
Thời Báo Ngân Hàng (2023) Ngân Hàng ‘Bắt Tay’ fintech: Gia Tăng Lợi ích Cho Khách Hàng,
Thời Báo Ngân Hàng Available at: https://thoibaonganhang.vn/ngan-hang-bat-tay- fintech-gia-tang-loi-ich-cho-khach-hang-144164.html (Accessed: 09 August 2024)