Can financial technology human resources meet development trends?

(NLDO)- Fintech is a strong development trend in Vietnam and brings many opportunities as well as challenges.

The workshop received many presentations from lecturers of Hung Vuong University, Ho Chi Minh City and other universities and colleges in Ho Chi Minh City.

On October 26, Hung Vuong University, Ho Chi Minh City, organized a workshop on "Creative and Sustainable Finance" to study the current situation, analyze and evaluate trends in applying financial technology (Fintech)...

Dr. Tran Thi Dien, Head of the Faculty of Finance - Banking - Accounting, said that in recent decades, the strong development of Fintech has greatly changed the operation of the world economy in general and Vietnam in particular. Specifically, financial technology has provided many innovative financial solutions to help businesses operating in this field increase their access to the world financial market, which in turn opens up a promising market for the development of the financial technology industry.

Master Tran Viet Hung, lecturer at the College of Foreign Economic Relations, assessed that financial technology has brought many benefits such as payment methods, time, and location, cost savings, improved product quality, and narrowed the gap between social classes...

He believes that the financial technology industry in Vietnam has many opportunities to develop when 64.9% of the population is under 35 years old, an age group that quickly adapts to technological solutions; Vietnam's telecommunications infrastructure is strongly developed, Vietnam has about 51 million smartphone users (accounting for 55% of the population), and about 50 million Internet users (accounting for about 52% of the population); the gap in the Vietnamese Fintech market is still very large...

However, the development of financial technology in Vietnam is also facing a number of challenges such as an incomplete and synchronous legal framework, a small number of enterprises participating in financial technology, and a lack of close connection between entities including management agencies, financial institutions, Fintech enterprises and enterprises participating in Fintech activities...

Regarding the demand for digital human resources to meet the development of Vietnam's digital economy in the current period, MSc. Nguyen Thanh Nguyen, Faculty of Finance - Banking - Accounting, Hung Vuong University, Ho Chi Minh City, assessed that the digital economy in Vietnam is increasingly expanding and developing strongly, providing many new opportunities to promote comprehensive development of the domestic economy; however, this also requires corresponding development of digital human resources.

Although the interest in training domestic digital human resources is increasing, the proportion of digital human resources supplied to the market is only over 1% of the total labor force of the Vietnamese economy, this number is still too modest compared to the needs of the economy.

Source: https://nld.com.vn/nhan-luc-cong-nghe-tai-chinh-co-dap-ung-duoc-xu-the-phat-trien-196241026111643123.htm