Private Event

Innovations in Banking and Financial Services for SMEs in Vietnam Conference 2024

Vietnam FiinGroup Joint Stock Company ("FiinGroup") in collaboration with International Finance Corporation (IFC), a member of the World Bank Group and S&P Global Market Intelligence, Singapore ("S&P MI") is organizing a conference themed "Innovation in Banking and Financial Services for Small and Medium Enterprises in Vietnam" on July 24, 2024, at Melia Hanoi Hotel.

Innovations in Banking and Financial Services for SMEs in Vietnam Conference 2024

Vietnam FiinGroup Joint Stock Company ("FiinGroup") in collaboration with International Finance Corporation (IFC), a member of the World Bank Group and S&P Global Market Intelligence, Singapore ("S&P MI") is organizing a conference themed "Innovation in Banking and Financial Services for Small and Medium Enterprises in Vietnam" on July 24, 2024, at Melia Hanoi Hotel.

Event Content

Post-COVID-19, Vietnam's economy is in recovery, accompanied by numerous policy changes. Small and medium enterprises (SMEs), which comprise over 90% of the country's businesses, are gradually resuming their business and investment activities. To expand production, improve competitiveness, and integrate into the global supply chain, these SMEs require access to formal financial services. However, current bank policies inadequately address their financial needs. To address this issue, FiinGroup in collaboration with International Finance Corporation (IFC), a member of the World Bank Group and S&P Global Market Intelligence organized the conference themed "Innovation in Banking and Financial Services for Small and Medium Enterprises in Vietnam" to provide updates and suggest solutions for better credit risk management.

Event Agenda

Based on experience and practice in Vietnam and developing markets, the Conference with the participation of experts from the International Finance Corporation (IFC), S&P Global Market Intelligence and FiinGroup offers comprehensive insights into the economic landscape and credit activities of small and medium enterprises (SMEs), proposing innovative solutions for lenders and borrowers alike, facilitating easier credit access for SMEs through enhanced risk management capacities in credit institutions.

08:50 – 09:30
Keynote 1: Overview of Small and Medium Enterprises (SMEs) in Vietnam
09:30 – 10:10
Keynote 2: Leveraging SMEs financing to overcome barriers in Access to Finance (A2F)
10:30 – 11:10
Keynote 3: Potential risks in SMEs Finance & How to mitigate risks
11:10 – 11:50
Panel Discussion
FREE DOWNLOAD
Speakers

Experienced industry experts will guide the discussion, offering insights into Vietnam's economic environment and SME credit operations. They will introduce creative strategies aimed at enhancing financial access for small and medium-sized enterprises, centered around strengthening risk management capabilities within credit institutions.

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Mr. Nguyen Minh Tu

Managing Director, Business Information Service, FiinGroup 

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Ms. Pham Thi Thanh Huyen

Financial Infrastructure Operations Officer, Asia and Pacific, Financial Institutions Group Upstream and Advisory Services, International Finance Corporation (IFC), World Bank Group (WBG) 

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Mr. Jimmy Nguyen

Associate Director, Credit Product Specialist, S&P Global Market Intelligence

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Mr. Nguyen Van Nam

Associate Director, Risk Modeling and Data Analytics, FiinGroup,


Frequently Asked Questions
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Frequently Asked Questions

SMEs account for nearly 85% of businesses nationwide, yet their ability to secure loans remains very low. SMEs face challenges such as a lack of transparency in information, stricter lending standards from financial institutions, and an inability to provide collateral, making it difficult to access unsecured credit accounts from banks. Approximately 62% of their total financial needs remain unmet, resulting in a financial gap of about $21.7 billion.

The existence of a significant financial gap presents opportunities for banks and financial institutions to develop financial products that better meet the needs of SMEs. It also encourages the government to consider support policies for SMEs to improve the business environment and facilitate easier access to capital.

  • Improving financial infrastructure
  • Creating a favorable environment for digital transformation
  • Diversifying loan products
  • Leveraging and optimizing technology

Optimizing SME Loan Portfolios: Financial institutions can optimize their portfolios by leveraging advanced risk analysis capabilities and enhancing access to SME clients, especially new businesses. This involves targeting potential, low-risk customers.

Enhance the financial infrastructure system. Foster an environment conducive to the digital transformation of the banking sector. Offer a variety of loan products tailored to the specific business needs of enterprises. Diversifying Financial Institutions. Utilize and optimize technology in lending operations. Building Robust Consumer Protection Mechanisms.

Financial institutions should leverage tools to better manage risk for SMEs. Credit rating agencies and business data providers can utilize their data strengths to develop improved risk management models and warning systems. This facilitates easier access for SMEs to banks, allowing banks to better estimate risk and provide financing at reasonable interest rates, enabling SMEs to operate more effectively