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.
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.
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.
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.
Mr. Nguyen Minh Tu
Managing Director, Business Information Service, FiinGroup
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)
Mr. Jimmy Nguyen
Associate Director, Credit Product Specialist, S&P Global Market Intelligence
Mr. Nguyen Van Nam
Associate Director, Risk Modeling and Data Analytics, FiinGroup,
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