Delegates emphasized the role of modern information technology (IT) application, especially virtualization and cloud computing, in speeding up the modernization process of Vietnam’s banking industry.

They discussed new technological trends and worked out measures to increase the efficiency of technological application in banks, promote non-cash payment and risk management, and diversify banking services.

The 15th Banking Conference and Expo (Banking Vietnam 2012) aims to provide useful information for the roadmap modernizing the banking industry, non-cash payment promotion and banking system restructuring in Vietnam.

This year’s event delivered International Data Group (IDG)’s research with an overview of IT application in Vietnam’s banking sector to evaluate the current technology infrastructure of domestic commercial banks and foreign-invested ones. IDG also announced its survey on consumer behaviour when using local bank services.

On the occasion, an exhibition is also taking place to introduce modern banking services and leading high-tech services such as core banking systems, virtualization and e-payment, through more than 40 booths.

The two-day annual event is co-organized by the Information Technology Department of the State Bank of Vietnam (SBV) and IDG Vietnam.

The Prime Minister has approved of a project on non-cash payment promotion in Vietnam in the 2011-2015 period, aiming to reduce cash-payment proportion to less than 11 percent and increase the number of bank account holders to 35-40 percent by 2015. The Prime Minister has approved of a project on non-cash payment promotion in Vietnam in the 2011-2015 period, aiming to reduce cash-payment proportion to less than 11 percent and increase the number of bank account holders to 35-40 percent by 2015.(VOV)