In his opening speech at the 4th Vietnam Symposium in Banking and Finance on October 24, 2019, Deputy Governor Nguyen Kim Anh of the State Bank of Vietnam (SBV) emphasized that the whole banking sector should seize opportunities and overcome the challenges of the fourth Industrial Revolution to improve the competitiveness, narrow the development gap between Vietnam's banking industry and that of the region and the world.
Vietnam Symposium in Banking and Finance 2019 was co-organized by Vietnam Association of Scientists and Experts, the Banking Academy, the International Association for Economic and Financial Development, IPAG Business School, and South Champagne Business School (France), with the objective of creating an academic forum for scholars, graduates and practitioners to present research results and discuss challenges in finance and banking, monetary areas and the macro-economy.
Some scientists at the Symposium
At this 3-day Symposium, the participants exchanged and discussed about financial and banking topics such as corporate governance, corporate finance, asset valuation and allocation, portfolio and risk management, behavioral finance, market efficiency, financial markets in emerging countries, green and sustainable financial development, capital markets in the context of integration, financial and macro cooperation, banking operations in Asian countries, regulations in banking operations, Fintech, etc.
The Symposium was composed of 39 discussion sessions, including 3 plenary sessions and 36 parallel sessions. There were 121 reports presented, two thematic sessions on "Central Bank and Operations Management” and “Financial Technology and Management Technology”. According to Deputy Governor Nguyen Kim Anh, the sharings on these topics would bring practical values to the management of the central bank and the banking industry.
Participants at the Symposium
Also as stated by Deputy Governor Nguyen Kim Anh, the fourth Industrial Revolution has opened a lot of opportunities, but has also posed great challenges to the development of the finance and banking sector, requiring quick changes in the awareness, capability enhancement and active participation in the Industrial Revolution. In the context of unpredictable changes in the international and the regional markets, the development policy of Vietnam's banking industry is determined to focus on stabilizing the operations of the system of credit institutions, creating a good ground for the monetary and financial stability, as well as for sustainable growth.
An overview of the Symposium
Implementing the Strategy approved by the Prime Minister, over the past time, the banking sector has effectively implemented monetary policy measures to control inflation, stabilize the macro-economy, and ensure a prudent banking sector, contributing to supporting the economic growth. At the same time, the banking industry has been striving to improve the legal framework to support payment activities, develop modern banking products and services based on the achievements of the digital revolution, enhance security and safety through the enhancement of the technical infrastructure and the application of advanced information technology.
Le Hang