The Div held a seminar on deposit inscription in the Era of Ai: Opportunities, Challenges, and Future Outlook

(Photo) Representative of the DIV leadership and the guest speaker at the event

The seminar welcomed the guest speaker – Mr. Hoang Nam Tien – Vice Chairman of the FPT University Council and former Chairman of FPT Telecom and FPT Software, all of which are pioneering companies in digital transformation in Vietnam.

Attendees from the DIV included Mr. Pham Bao Lam, Party Committee Secretary and Chairman of the Board of Directors, other members of the Board of Directors, members of the Board of Management, the Controller, department heads of the DIV’s headquarters, directors and department heads of the DIV’s regional branches, and officers participating either in person or via online platform.

(Photo) Mr. Hoang Nam Tien – The seminar’s speaker

During the seminar, Mr. Hoang Nam Tien shared insightful contents and perspectives on the impact of AI on the economy in general and on the finance and insurance sectors in particular. The highlights of his presentation included: “Hands-on learning is labor and the foundation of all labor,” emphasizing that in the age of AI, knowledge and adaptability have become essential factors; AI agent, a program or system that utilizes AI, has become not merely an automation tool but a strategic partner that, when working alongside humans, can significantly enhance productivity; AI does not take away our jobs; rather, those know how to use AI will replace those do not, which serves as both a warning and a motivation for individuals and organizations to continuously acquire new skills; Leadership in the age of AI requires the courage to “think differently, act differently,” to let go of outdated mindsets to “think again” and drive innovation...

Mr. Hoang Nam Tien emphasized several key factors for mastering the age of AI such as long-term vision, the ability to unlearn to relearn, and the ability to make data-driven decisions instead of relying solely on personal experience. He also emphasized the importance of promoting lifelong learning within the organization and the need to turn AI into a “co-pilot” - a tool that works alongside humans and serves as an extension of our capabilities in making development-oriented decisions.

(Photo) Mr. Pham Bao Lam, Chairman of the Board of Directors; Mr. Nguyen Linh Nam, Deputy General Director; and Mr. Hoang Nam Tien, guest speaker, participated in the seminar’s discussion session

The seminar took place in a friendly atmosphere, featuring a lively Q&A and discussion session involving the DIV leadership and officers. Mr. Hoang Nam Tien addressed questions regarding the application of AI in deposit insurance operations and also proposed orientations and solutions to utilize technological advancements at the DIV.

Speaking at the seminar, Mr. Pham Bao Lam emphasized that AI has made remarkable advancements in recent years, fundamentally changing the way humans interact with technology and reshaping various industries, including the financial and banking sectors. Furthermore, leaders of the State Bank of Vietnam has consistently affirmed that “digital transformation is no longer a choice, but a matter of survival.” Aligned with this vision, the DIV has been actively positioning itself to keep pace with rapid changes, enhance its work efficiency, and embrace new challenges.

Appreciating the insights shared by guest speaker Hoang Nam Tien, Mr. Pham Bao Lam affirmed that the seminar provided a valuable opportunity for the DIV leadership and officers to gain knowledge about AI and apply it to deposit insurance operations. This, in turn, will contribute to enhancing operational capacity, improving the organizational structure, and enabling the DIV to continue serving as an effective instrument of the State Bank of Vietnam in restructuring credit institutions and ensuring the sustainable development of the banking system.