Ms. Thu Tran - Timo Digital Bank Vice President of PR & Communications at the Top 100 Trusted Vietnam Products - Services 2022 Award. Source: Timo.

Hanoi, 7th December 2022, Vietnam Economic Times hosted a celebration for the Top 100 Trusted Vietnam Products – Services 2022 Awards. The event attracted the participation of many large and reputable enterprises of nine sectors in Vietnam, including Banking, Insurance, Securities; E-Commerce, Retail; Fintech, Digital Products, Education, and more. Timo is proudly featured in the TOP 10 Trusted Vietnam Products – Services 2022 for Banking – Insurance – Securities with the “Personal Financial Management Solution Package.”

Timo's Personal Financial Management Solution Package is recognized in VET's Top 10 Trusted Vietnam Products - Services 2022 for Banking - Insurance - Securities

“Personal Financial Management Solution Package” from Timo Digital Bank is listed among the TOP 10 Trusted Vietnam Products – Services 2022 for Banking – Insurance – Securities – Source: Timo.

In the past few years, the digital banking market in Vietnam has had a striking take up by consumers with impressive development speed, primarily motivated by the Covid-19 pandemic. As consumers eventually become familiar with online payment methods, the digital banking market is getting more exciting and fiercer, and many new players, even traditional banks, have begun to participate in the “digitalizing race.” Competitive pressure has emphasized the importance of building customer trust and confidence in digital financial services.


With 7 years of operating in Vietnam as the first and pioneering digital bank, Timo acknowledges that “Trust” is the most significant barrier for all players in this market. And by becoming an effective financial partner that always puts the customers at the heart of development, Timo has set itself apart from the digital banking landscape. The satisfaction and trust of the customer are the foundation for long-term loyalty to Timo.  

Based on that, the “Personal Financial Management Solution Package” includes MoneyPot, Goal Save, Term Deposit, Split Bills, and Expense Statements. With these features, customers can easily keep track of their spending habits, manage payment channels, manage all transactions, and adjust expenses to secure financial stability. As the “Personal Financial Management Solution Package” is widely trusted and used by many customers, Timo is honored to feature in the Top 10 Trusted Vietnam Products – Services 2022 for Banking – Insurance – Securities.

Ms. Thu Tran - Timo Digital Bank Vice President of PR & Communications at the Top 100 Trusted Vietnam Products - Services 2022 Award. Source: Timo.

Ms. Thu Tran – Timo Digital Bank Vice President of PR & Communications at the Top 100 Trusted Vietnam Products – Services 2022 Award. Source: Timo.

Ms. Thu Tran – Vice President of PR & Communications at Timo Digital Bank, shared: “It is genuinely an honor for Timo to be recognized in the Top 10 Trusted Vietnam Products – Services 2022 of Banking – Insurance – Securities along with many prestige enterprises. This Award will motivate Timo to constantly develop innovative products and services, be a reliable tool for customers’ financial journey, and continue pursuing our mission of setting benchmarks for modern banking.  

We are proud to be the first and pioneering digital bank to develop many creative innovations to give customers ground-breaking experiences. Thus, a competitive and prominent market will enhance many companies’ efforts in developing new products and services to fulfil customers’ expectations and requirements, offering them more solutions to best solve their problems.”


About Timo

Established in 2015, Timo was Vietnam’s first and pioneering digital banking platform. Since then, Timo has aspired to set the benchmark for modern banking in Vietnam and beyond.

During seven years of operations, Timo’s efforts have been recognized across multiple fronts, including being named The Best and Fastest Growing Digital Bank inside and outside of Vietnam for many consecutive years, awarded by many reputable organizations like Asia Money, The Global Economics. In 2021, Timo was named “Best Customer-Centric Digital Bank in Vietnam” by Global Brands Magazine and also recognized as HR Asia’s “Best Companies to work for in Asia 2021”. Timo has further achieved “Gold Quality Service for Consumers benefit 2022”, as well as being a part of the Top 50 FDI Enterprises in Vietnam in the category of “Leading Digital Banking Platform in Vietnam” in 2021 and “Pioneering social banking and sustainable growth” in 2022 by Golden Dragon Award.

The first digital bank in Vietnam, Timo has become one of the sponsors accompanying the “Build On, Vietnam 2021” programme, an intellectual playground for students who love to explore cloud computing technology in Vietnam.

At the opening ceremony of the “Build On, Vietnam 2021” held on July 15, Nguyen Quang Minh, deputy CEO, Partnership at Timo said that the event welcomes programmers who are passionate about cloud computing technology, innovation, and technology solutions to solve sponsors’ and judges challenges.

The “Build On, Vietnam 2021” programme is a hackathon organised by Amazon Web Services (AWS) in collaboration with VnDXE.

“With the long-term goal of becoming one of the best banks in Vietnam, Timo quickly understood the importance of digital transformation and embracing the cloud – an inevitable technology trend for the financial sector,” Minh said.

Nguyen Quang Minh, Deputy CEO, Partnership of Timo Digital Bank at the opening ceremony

Attending the opening ceremony were Tran Van Tung, deputy minister of Science and Technology; Tang Ngoc Truong An, general director of VnDXE; Ha Hai Nam, deputy director of the Vietnam National Institute of Software and Digital Content Industry; Nguyen Minh Hong, chairman of Vietnam Digital Communications Association; as well as representatives from AWS and partners accompanying the programme.

With a vision to become a friendly, creative, and ideal workplace, Timo is fostering, training, and developing young talents in the company and other young people who love technology and choose to work in the financial sector. In the next 5-10 years, the Vietnamese market will have many talented and experienced young people who can meet the strong development and increasing competition in the Vietnamese market.

Partners & Sponsors of “Build On, Vietnam 2021”

Sharing at the event, Julian Lau, Public Sector Emerging Markets Development manager at AWS said that when schools switch to online learning during the pandemic, using online attendance systems or streaming a video lecture means the student has used cloud computing. Cloud computing is the backend infrastructure, supporting many apps and platforms such as Zoom, Netflix, and Twitch.

Besides commercial companies, cloud computing is also widely used in the public sector such as educational institutions, government agencies, and healthcare organisations which use cloud technology to solve public challenges and build a framework for smart city development.

“We provide students with the opportunity to experience cloud computing and use it to make a positive impact on the community with the power of technology,” said Lau. “As a result, AWS is excited to announce the launch of ‘Build On, Vietnam 2021’, a competitive exam that challenges students to create technological innovations and solutions to address the challenges which the sponsors are facing. We hope students will utilise services from virtual machines, IoT, AI, machine learning, and databases to create innovative solutions that can contribute to the digitisation of cloud computing in Vietnam with AWS,” he added

“Build on, Vietnam 2021” is a hackathon organized by Amazon Website Service in collaboration with VnDXE