Whitepaper
The Co-Existence Blueprint – Vietnam Edition
Bridging Legacy and Innovation in Banking
The Future of Coexistence in Banking
Vietnam’s banking sector is undergoing a rapid digital transformation. Over 95% of transactions at many banks are now digital, with QR payments and mobile banking surging, while ATM usage declines. Strong government support, including the target for 80% of e-commerce transactions to be cashless by 2030, alongside evolving e-KYC, open API, and data governance regulations, is accelerating open banking and ecosystem-driven services.
Co-existence allows banks to modernise securely and efficiently, preserving legacy cores as systems of record while layering cloud-native, API-driven platforms for innovation, customer engagement, and agility. Decades-old cores, siloed data, and fragile integrations make transformation complex, and leadership caution about disrupting mission-critical operations adds further challenges.
Co-existence provides a practical, sustainable blueprint for step-by-step modernisation, risk mitigation, and accelerated digital innovation in Vietnam.
Unpacking the whitepaper
- Market Lens: Banking Technology in Vietnam
- Evolution of IT Banking Systems
- Dealing with the Legacy Dilemma
- Modernisation through Co-existence
- The audax Approach
- Case Study
- FPT’s Delivery Framework
- Strategic Advantage
- A Playbook for Banks