DONG NHAT LINH
APPLICATION OF AGILE METHODOLOGY
IN TECHNOLOGY DEVELOPMENT
ACTIVITIES AT TECHCOMBANK
Field: International Business
Code: 8340120
Supervisors: Assoc. Prof. Dr Luu Thi Minh Ngoc
Hanoi, 2025
DONG NHAT LINH
APPLICATION OF AGILE METHODOLOGY
IN TECHNOLOGY DEVELOPMENT
ACTIVITIES AT TECHCOMBANK
Field: International Business
Code: 8340120
Supervisors: Assoc. Prof. Dr Luu Thi Minh Ngoc
Hanoi, 2025
i
DECLARATION OF AUTHORSHIP
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I hereby declare that this thesis was carried out by myself under the
guidance and supervision of Assoc. Prof. Dr Luu Thi Minh Ngoc; and that the
work contained in it and the results in it are true by the author and have not
violated research ethics. The data and figures presented in this thesis are for
analysis, comments, and evaluations from various resources by my own work
and have been duly acknowledged in the reference part.
In addition, other comments, reviews and data used by other authors,
and organizations have been acknowledged and explicitly cited.
I will take full responsibility for any fraud detected in my thesis.
Hanoi, date 25 month 09 year 2025.
Author
(Signature and full name)
ii
ACKNOWLEDGEMENTS
These contributions are the results of my work experience in the Technology Division
of Vietnam Technological and Commercial Joint Stock Bank (Techcombank) which
resulted at the conclusion of this thesis. I am deeply appreciative of the invaluable
support and advice from others that enriched and motivated me on my journey.
I would also like to express my deepest gratitude to my supervisor, Ms. Luu Thi Minh
Ngoc. She has been an important mentor and also an influential one in helping me
through the many different areas of Agile transformation and contributed to the
development of my report.
And thank you so much to my colleagues in Technology. Their unwavering
encouragement and practical partnerships within multiple processes opened my eyes to
Techcombank’s technology ecosystem unlike any textbook ever could.
Finally, I want to thank the whole Techcombank team for taking a progressive view of
technology and innovation. Since then, this time of work has widened my horizon
technically and I've developed a profound respect for the team spirit and focus of quality
that are the heart of the bank's vision. Thank you all for making this experience a valuable
and memorable part of my career journey.
iii
TABLE OF CONTENTS
DECLARATION OF AUTHORSHIP ............................................................................. i
ACKNOWLEDGEMENTS .............................................................................................ii
LIST OF TABLES AND FIGURES .............................................................................. v
SUMMARY .................................................................................................................... vii
INTRODUCTION ........................................................................................................... 1
1. Rationale and Research Significance ................................................................ 1
2. Scope of the study ................................................................................................ 3
3. Implementation procedures and research methods......................................... 4
4. Practical Contribution to the Enterprise ........................................................ 12
5. Structure of the thesis ....................................................................................... 12
CHAPTER 1 DEFINITION AND PRACTICAL FOUNDATION .......................... 14
1.1. Definition ........................................................................................................ 14
1.1.1. Agile Manifesto ........................................................................................... 14
1.1.2. Agile Methodology ...................................................................................... 18
1.1.3. Agile Popular Frameworks ........................................................................ 21
1.1.4. Adoption of Agile in the Banking Sector ................................................. 28
1.2. Practical foundation ...................................................................................... 36
1.2.1. Practical experiences from external organizations ................................ 36
1.2.2. Lessons learned .......................................................................................... 39
CHAPTER 2 CURRENT STATE OF AGILE IMPLEMENTATION AT
VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK
(TECHCOMBANK) ...................................................................................................... 41
2.1. Overview Techcombank and Technology Division ........................................ 41
2.1.1. Overview Techcombank ............................................................................ 41
2.1.2. Overview of Technology Division ............................................................. 44
2.2. Environmental Factors Influencing Agile Adoption .................................. 51