VIB honoured at digital transformation conference

Prime Minister Phan Minh Chinh and SBV Governor Nguyen Thi Hong visit the VIB booth at the event

At the event, VIB showcased its prominent digital technology solutions, including the MyVIB digital bank with AI Voice technology and augmented reality; VIB Checkout, which turns smartphones into POS devices for payments; and VIB Verse, offering an exploration experience of VIB city bank products and services through Oculus VR glasses. The VIB booth attracted attention from government leaders, state agencies, and numerous delegates who participated in the experiments.

Tran Nhat Minh, deputy general manager and director of VIB's Digital Banking Division, presented a talk on developing smart financial services for small- and medium-sized enterprises, with such VIB solutions as the iBusiness account package for individual entrepreneurs, and the sBusiness account package for micro-enterprises and household businesses, alongside the digital VIB Checkout bank.

Tran Nhat Minh, deputy general manager and director of VIB's Digital Banking Division

With VIB Checkout, VIB is the first bank to integrate a Soft POS directly into the digital banking app, transforming smartphones into mobile POS devices without the need for traditional POS machine installations, thereby saving costs.

Also during the event, VIB was honoured to receive a commendation from Governor Nguyen Thi Hong for the bank's Technology Services Division and its success in implementing a digital transformation plan for the banking sector according to Decision No.810/QD-NHNN.

Representatives from VIB and other banks receive commendations from Governor Nguyen Thi Hong (middle)

VIB has pioneered digital transformation, invested in promoting technology initiatives and digitalisation, and built a robust, advanced technology platform. The bank is implementing a long-term digitalisation strategy while witnessing strong growth with high digital penetration and transformation rates.

From 2016 to 2023, the growth rate of transactions through digital channels increased by 50 times, with 340 million transactions in 2023. In the first quarter of 2024, 96 per cent of retail banking transactions were performed digitally, with millions of customers using digital banking services every month.

With a diverse product ecosystem integrated with advanced technology, convenience, and exceptional speed, VIB continues to assert its leadership in digital transformation, delivering innovative digital products focused on customer needs. The digitalisation strategy has also led to VIB being recognised by both domestic and international organisations for its technology-rich products and services.

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