At the Vietnam Digital Finance 2023 (Photo: gdt.gov.vn) At Vietnam Digital Finance 2023 (VDF-2023) themed 'Digital data: a driver forsustainable digital transformation in the financial sector', held on September21 in Hanoi, Nguyen Duc Hien, deputy head of the Party Central Committee'sEconomic Commission, said that both in the world and in Vietnam, digitalfinance is in a period of explosive development with many diverse types ofservices.
Many studies have shown that digital finance improves the stability of thefinancial system and brings benefits to users of financial services, financialservice providers, the government and the economy. It also helps increaseaccess to financial services, especially for low-income groups, making animportant contribution to financial inclusion.
For the financial industry alone, Hien stated that in recent years, theMinistry of Finance has issued resolutions and decisions on the Ministry ofFinance's Digital Transformation Strategy until 2025 with an orientation to2030; and the Operational Plan of the ministry’s Digital TransformationSteering Committee in 2023 to promote digital transformation.
According to Nguyen Viet Ha, Director of the MoF’s Department of FinancialInformatics and Statistics, Prime Minister Pham Minh Chinh, who is also thechairman of the National Committee on Digital Transformation, in April thisyear, signed Decision No 17/QĐ-UBQGCDS promulgating the operation plan of theNational Committee on Digital Transformation for 2023. Accordingly, theNational Committee on Digital Transformation in 2023 focuses on directing andcoordinating ministries, branches, and localities to continually promotedigital transformation in the direction of bringing real and sustainableresults.
Being considered as the ‘lifeblood’ of the economy, digital transformation inthe financial sector will be one of the key factors for the national digitaltransformation and will help promote digital transformation in otherindustries, Hà noted.
In 2023, the digital transformation tasks for the entire nation in general, andthe financial industry in particular, are very substantial, requiring highdetermination, immense effort, decisive actions and effective measures toachieve. For many consecutive years, the Ministry of Finance has consistentlyranked first in the index of readiness for the development and application ofinformation and communications technology (ICT Index), while it ranked secondamong ministries and branches providing public services in the DigitalTransformation Index (DTI) in 2022.
The fields of tax, customs and treasury have always been at the forefront inimplementing digital transformation, with notable results such as theelectronic tax declaration, payment and refund system; and the implementationof 250 administrative procedures through the national single window mechanism.
Platforms for data construction and management have been developed to enhancecompatibility between the information infrastructures of State agencies. Thiscreates favourable conditions for electronic transactions between Stateagencies, organisations and individuals, while ensuring the sharing offinancial sector data with other ministries, branches and localities.
To consistently maintain achievements and pursue digital transformation goalsin finance and the State budget, Hien stated that the MoF needs to guide itsaffiliates to champion digital transformation, and foster a digital governmentand society. This will help in reducing costs, creating favourable conditionsfor firms, and ensuring satisfaction for the people./.
VNA
