The situation of digitalization in the banking industry in Vietnam

In the context of the Fourth Industrial Revolution (Industry 4.0), digital transformation has become an essential process in many fields, especially the banking and finance industry. Besides the growth of the Internet, the growth of financial technology and the increasing competition from fintech companies have pushed the digitalization in the banking industry. The finance and banking industry is seen as a pioneer in applying digital technology and the digital transformation has brought improvements and breakthroughs in financial and banking services.