About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new... Some 58 per cent of global respondents predict that they will completely cease to exist in the next five to ten years unless they change their business models. — Photo bnews.vn About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. The results illustrate the urgent need for banks to modernise their offerings, with 58 per cent of global respondents predicting they will completely cease to exist in the next five to ten years unless they change …
Opinion
VIETNAM NEWS HEADLINES SEPTEMBER 18
Vietnam to attend ASEM Cultural Festival 2021 Vietnam and 10 other countries have signed up to participate in the ASEM Cultural Festival (#ASEMfest), a side event of the 13th Asia-Europe Meeting (ASEM) to be hosted by Cambodia in November. The ASEM Cultural Festival 2021 is scheduled to get underway between November 22 and 26. This international cultural event will be held virtually with the main activities such as performing arts, and the screening of feature films and documentaries, as well as the exhibition which would be held in hybrid format at the National Museum of Cambodia. The festival aims to explore the cultural diversity and promote the exchange, cooperation and artistic creation between the cultures of both regions, contributing to enhancing cooperation and development between the ASEM partner countries. Joining as a founding member of ASEM in 1996 marked an important step in the implementation of Việt Nam's policy of open foreign policy, multilateralisation and …
NA Standing Committee discusses reports by Government, Supreme Court, Supreme Procuracy
NA Vice Chairman Nguyen Khac Dinh (standing) addresses the September 20 sitting of the NA Standing Committee. (Photo: VNA) Hanoi (VNA) – Performance reports by the Supreme People’s Court and the Supreme People’s Procuracy, and the Government’s reports on crime fight were the focus of the 15th National Assembly (NA) Standing Committee on September 20. In the morning of the sixth working day of the NA Standing Committee’s third session, participants gave opinions on the 2021 performance reports by the Supreme People’s Court and the Supreme People’s Procuracy , along with the Government’s reports on the prevention and control of crimes and law violations, the enforcement of judgments, and the corruption combat this year. They said despite numerous difficulties caused by the complex COVID-19 situation in Vietnam and the world, under the Party’s leadership and thanks to the close coordination among agencies in the political system, the Supreme Court, the Supreme Procuracy …