Early detection needed to protect national financial security in digital age
A recent training session on AI applications highlighted the growing threats to Vietnam’s financial security in the digital era. Doan Hung Son, a senior official at the State Bank of Vietnam, stressed the need for early detection and cross-agency cooperation to counter cyber risks. The event underscored how financial stability now directly impacts national security.
Cyberattacks, data breaches, and digital manipulation pose serious dangers to Vietnam’s economy and public trust. These threats also challenge social stability and national sovereignty. The banking sector, a leader in digital transformation, has responded by strengthening information security and investing in advanced technical defences.
The government has already taken steps to address these risks. New laws and resolutions, such as Resolution No. 57-NQ/TW, Resolution No. 68-NQ/TW, and the upcoming Cybersecurity Law 2025, aim to protect financial systems. Vietnam has also contributed to shaping the United Nations Convention against Cybercrime, reinforcing its global role in combating digital threats. Experts agree that enforcing these regulations is essential to outpace high-tech criminals. Banks must work closely with authorities, technology specialists, and international partners. Without strong coordination, vulnerabilities in the financial system could leave the country exposed to evolving cyber risks.
The banking sector’s focus on security reflects its critical role in safeguarding Vietnam’s financial infrastructure. Strict enforcement of new laws and ongoing collaboration will determine how well the country defends against digital threats. These measures are vital to maintaining economic stability and national security in an increasingly connected world.
