The goal is to establish a national modern, sustainable and integrated digital financial platform, contributing to strengthening the growth and resilience of the economy, and ensuring macroeconomic stability and financial security.

Vietnam sets to establish a national modern, sustainable and integrated digital financial platform.

The ministry will proactively apply technological achievements from the 4th Industrial Revolution and follow the results of e-Government development towards gradually implementing the digital transformation of the financial sector, providing digital financial services, and actively participating in the development of a digital government, economy and society.

Indicators of e-finance development are hoped to be completed in 2022.

The ministry will strive to set up a modern, public and transparent digital financial platform by 2025 based on big data and open financial data. By 2030, a rich and modern digital financial ecosystem will be formed in all fields, ensuring the effectiveness and safety of information.

The finance sector will play a vital role in creating, connecting, sharing data and digitising platforms, comprehensively meeting the need of public finance transactions and use of digital information by the Government, people, businesses and organisations.

Additionally, civil servants and public employees will be trained on digital skills to facilitate the process.

Digital transformation promoting consumption of Bac Giang lychees

Developing the digital economy is one of three important goals within its policy of promoting digital transformation that Bac Giang province has been targeting. Recent efforts to boost its digital economy have proven effective, with the clearest example being the effect of digital transformation on the consumption of local lychees.

Bac Giang accelerates digital transformation

The northern province of Bac Giang is planning to focus on accelerating digital transformation and building an e-administration, a digital economy and a digital society, according to the provincial People’s Committee.

Bac Giang supports cooperatives in digital transformation

(BGO) - In order to support cooperatives in digitalization in production and business, the Cooperative Alliance of Bac Giang province is implementing a project to support the development of cooperatives that apply technology 4.0 in management of production and business activities. This is considered an effective solution to promote digital transformation in cooperatives.

Development of e-contracts in Vietnam crucial to digital economy

The development of e-contracts in Vietnam is crucial to the country’s digital economy, helping businesses to effectively manage and save costs and time while creating a professional working environment.

Joint efforts needed to promote digital economy in Vietnam

The “E-Conomy SEA 2021” report, co-released by Google, Bain and Temasek, shows that Vietnam’s internet economy in 2021 reached 21 billion USD and contributed 5% of GDP. It is seven times higher than in 2015 and the figure is projected to hit 57 billion USD in 2025, ranking second in Southeast Asia.

Source: NDO/VNA