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.

FREE DOWNLOAD

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.

Keynote 1

Overview of Small and Medium-sized Enterprises (SMEs) in Vietnam

Keynote 2

Leveraging SMEs financing to overcome barriers in Access to Finance (A2F)

Keynote 3

Potential risks in SMEs Finance & How to mitigate risks

Panel Discussion

Discussion between speakers and experts

Keynote 1

Overview of Small and Medium-sized Enterprises (SMEs) in Vietnam

Keynote 2

Leveraging SMEs financing to overcome barriers in Access to Finance (A2F)

Keynote 3

Potential risks in SMEs Finance & How to mitigate risks

Panel Discussion

Discussion between speakers and experts

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.

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,

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,

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

Gallery

Event Content

Overview of Small and Medium-sized Enterprises (SMEs) in Vietnam

Keynote 1

Overview of Small and Medium-sized Enterprises (SMEs) in Vietnam

Current economic indicators & SMEs landscape in Vietnam
Challenges and opportunities for SMEs development
Market infrastructure and Digital transformation in Banking and Fintech

Leveraging SMEs financing to overcome barriers in Access to Finance (A2F)

Keynote 2

Leveraging SMEs financing to overcome barriers in Access to Finance (A2F)

Capital financing for SMEs
Enhancing financial infrastructure for SMEs finance access
Innovative banking and finance services and solutions for SMEs finance access

Potential risks in SMEs Finance & How to mitigate risks

Keynote 3

Potential risks in SMEs Finance & How to mitigate risks

Types of potential risks
Strategies for risk management in Vietnam
Early Warning System (EWS) for risk assessment
Case studies of successful risk mitigation in regional markets

Panel Discussion

Discussion between speakers and experts

Challenges and opportunities for SMEs development
Innovations in digital lending solutions for SMEs
Pioneering transformation to elevate service excellence for SME Customers
Practical approaches: Cooperation between traditional financial institutions, fintech companies and regulatory bodies
Outlook for the evolution of SMEs financing in Vietnam
Strategies to enhance SMEs' access to credit in Vietnam
Q&A (15’)

Speakers

Mr. Nguyen Minh Tu

Managing Director, Business Information Service, FiinGroup

Mr. Nguyen Minh Tu is the Managing Director of FiinGroup's Business Information Division as well as Chief Operating Officer of FiinRatings, a credit rating agency. He has extensive knowledge and expertise in business information and risk management. As one of the industry's leaders, Mr. Tu, together with FiinGroup, desires to deliver comprehensive business insights, financial analytics and risk management solutions to assist businesses in making well-informed decisions, better understanding markets and industries and empowering the expansion of business.

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) 

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)
She has great working experience with both public and private sectors in Asia countries, including Vietnam, Lao PDR, Cambodia, Myanmar and India. Joining International Finance Corporation, a member of WBG in 2005, Ms. Huyen Pham has worked extensively on financial infrastructure regulatory and policy. She has strong knowledge on Credit Information, Secured Transactions, Alternative Dispute Resolutions, Insolvency and Bankruptcy, Payments System, Capital Market, Micro-finance, and Program Portfolio Management.

Mr. Jimmy Nguyen

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

Mr Jimmy Nguyen joined S&P Global in September 2021 as an Associate Director – Credit Product Specialist, Credit & Risk Solutions and is currently the Specialist for Southeast Asia. Being from the banking industry himself, he possesses a wealth of knowledge on connecting the dot between our Credit Solutions and Client workflows and requirements. His background in credit quantitative development and consulting in the region enables him to help clients deep dive into the credit risk model inner workings and to make sense of the risk scores output. Mr. Jimmy Nguyen holds a Master in Financial Engineering from National University of Singapore ("NUS") in conjunction with Princeton University, and a degree in Computer Science from NUS.

Mr. Nguyen Van Nam

Associate Director, Risk Modeling and Data Analytics, FiinGroup,

Mr. Nguyen Van Nam is currently the Associate Director of Business Information Services at FiinGroup, where he leads the Risk Modeling and Data Analytics efforts. His expertise encompasses credit scoring, early risk warning systems, and portfolio optimization for effective risk management and business strategies. With a career spanning since 2012, Mr. Nam has held senior positions at FiinGroup, KPMG, and NICE Holdings, driving digital transformation, data analytics applications, and advancing financial and risk management standards across various financial institutions in the market.

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

What challenges do SMEs face in accessing capital today?

What opportunities are currently available for SMEs to access financing?

What are the benefits for financial institutions in improving risk management capabilities for SMEs?

What are some proposed solutions to enhance financial inclusion for SMEs and micro-enterprises in Vietnam?

What solutions are currently needed for financial institutions?