Vietnam ‘promised land’ for digital banking Update: 17-07-2021 | 07:22:51 Vietnam is among the regional countries that are seeing new digital bank models, experts have said. Customers use mobile banking on phones. Vietnam has many potentials to develop digital banks A recent report by Boston Consulting Group on digital banking in the Asia-Pacific listed various factors that make Southeast Asia and India "promised land" for digital banks. The segment has huge potential in the region since digital adoption has grown rapidly in recent years, with the region now home to a digitally connected population of over 400 million. This figure is likely to grow substantially in the coming years as mobile penetration and 4G coverage expands in a region with a population expected to reach 542 million by 2030.