Author Information
Ha Le, International Christian University, JapanAbstract
In the development of technologies, digital transformation is one of the essential factors of the fourth industrial revolution, leading to digitizing all aspects of society. While many developed countries have made significant progress in digitalization, Vietnam is still in the early stages of its digital transformation journey. The study focuses on the advantages of digitalization in the banking sector and its broader implications for economic growth in Vietnam. By analyzing secondary data from various sources through R, including the Ministry of Information and Communications of Vietnam and commercial banks' annual reports, the paper investigates the positive relationship between the digital transformation indicator, the ICT (Information and Communication Technology) index, and Vietnamese commercial banks' net interest margin (NIM). This research demonstrates digitalization’s benefits in preventing NIM equal to 0 (p<0.05). the findings of this study can inform state bank vietnam’s policymakers and banking institutions about role digital transformation in shaping future vietnamese economy.
Paper Information
Conference: ACSS2024Stream: Economics and Management
This paper is part of the ACSS2024 Conference Proceedings (View)
Full Paper
View / Download the full paper in a new tab/window
To cite this article:
Le H. (2024) Digital Transformation in the Banking Sector: Efficiency on Economic Development in Vietnam ISSN: 2186-2303 – The Asian Conference on the Social Sciences 2024: Official Conference Proceedings (pp. 493-503) https://doi.org/10.22492/issn.2186-2303.2024.43
To link to this article: https://doi.org/10.22492/issn.2186-2303.2024.43
Comments
Powered by WP LinkPress