Options
eKYC implementation in Vietnam : a SWOT analysis
Date Issued:
2021
Author(s):
Nguyen, Truong Tien
FSPPM
Abstract:
From SWOT analysis, it can be summarized that in order to make a better ecosystem for eKYC, concerted efforts should be made by cross-sections, such as SBV for a more detailed regulatory guidance on eKYC standards, MIC for communication strategies and co-ordination mechanism, especially for data exchange framework, MPS for citizen data consolidation, support for other ministries, MOET for higher education on data science, FinTech enterprises for significant investment in upgrading the level of capability in advanced technology), MOST for ICT equipment manufacturers in both the public and private sectors, and lastly, MIC’s role in raising citizens’ awareness of data privacy as well as knowledge about information security.