ABSTRACT
Digital transformation is a keyword that has not only been mentioned in recent years but is also strongly applied by companies. However, the benefits of digital transformation for companies are still an issue that needs to be researched. Therefore, this study is conducted to determine the dynamics of digital transformation on banking business results. The research was conducted with joint stock commercial banks in Vietnam listed on the stock exchange. Based on text analysis on annual reports to measure banks' digital transformation level from 2015 to 2021. Research results have shown that digital transformation has a negative impact on bank's performance (through the return on assets and return on equity). Furthermore, the study also found that there was a paradoxical situation where COVID-19 increased the profits of banks. This result provides exciting discussions related to digital transformation and bank performance.
ABSTRACT
This article summarises developments in the Australian economy in 2021. The recovery that was underway from the COVID‐19 recession was interrupted by the second wave of the pandemic and the associated policy responses, particularly in Victoria and New South Wales. We discuss the challenges facing the Australian economy as it once again re‐opens.