As financial fraud and online scams become increasingly sophisticated, Vietnamese banks are tightening transaction controls and deploying digital tools to detect risks earlier and better protect customers.​

Following a recent data breach at the National Credit Information Centre (CIC) and a surge in online scams, Vietnamese banks are stepping up cross-sector collaboration to protect financial data.

The DGB Financial Group from the Republic of Korea (RoK) will work with the Vietnamese Students' Association in Korea (VSAK) to offer programmes aimed at protecting Vietnamese students from financial fraud.

Financial frauds and cyberattacks on the Vietnamese financial information systems are on the rise, but many domestic financial agencies still do not pay due attention to the issue, officials said.