Vietnam Digital Finance 2022

On November 17, 2022 in Hanoi, under the host of the Ministry of Finance, the Department of Financial Informatics and Statistics and the National Institute for Finance in collaboration with IEC Group co-organized Vietnam Digital Finance 2022 with the theme “Embracing it modernization to accelerate digital transformation in the financial sector”.

Vietnam Digital Finance is organized this year with the aim of creating a forum for discussion between regulators, policymakers in finance and state budget, and IT experts, as well as to assist the general public in better understanding the most recent developments in digital transformation, particularly digital transformation in the financial sector.

The event witnessed the presence of the leadership from agencies of the National Assembly; the Government; leaders of ministries and branches; the Vietnam Chamber of Commerce and Industry (VCCI); the representatives of associations; the representatives of several universities and research institutes in the field of information technology (IT) and digital economy; leaders of general department units under the MOF; leaders in charge of IT and Statistics of systems; representatives of ministerial units under the MOF which have deployed IT applications; representatives of some local financial agencies; international organizations which have had a lot of experience in the field of digital transformation, representatives of the World Bank, the International Monetary Fund (IMF) and the Swiss State Secretariat for Economic Affairs (SECO), etc.

The event included the following activities: 1 Plenary session and 2 Conference sessions: (1) IT modernization and administrative reform of state budget management: the way forward; (2) Accelerating digital transformation for the tax and customs administration with people-centric approach.

During the Plenary session, the leader from the Department of Informatics and Statistics provided an update on the status of actively carrying out tasks, actively participating in the 4th Industrial Revolution, and actively implementing digital transformation in the financial fields, which has resulted in many positive outcomes, brought efficiency to the entire society, sped up tax and customs procedures, reduced paperwork, time, and costs. The Ministry of Finance must continue to promote digital transformation in the organization, operation, management, and performing tasks in the digital environment in order to maintain the accomplishments and realize the goals of digital transformation in the field of finance – state budget. This will enable cadres, civil servants, and public employees to perform their duties to the best of their abilities to serve people and businesses in accordance with the Government’s digital transformation roadmap, helping to reduce costs.

Conference session 1: Reform and modernize the management of the state budget, with presentations on: State treasury development strategy towards digital treasury; Digitizing the public sector to drive a cashless Vietnam; Early detection and prevention of financial data leaks in the era of digital transformation; AI application in the financial sector; Applying blockchain technology in state budget collection management.

Conference session 2: Accelerating digital transformation for the tax and customs administration with people-centric approach with the following contents: Digital transformation strategic orientation of tax information technology system to 2025, vision to 2030; Data lake journey and architecture – Case study for taxation; Achievements of digital transformation in customs; Building the open data portal and data integration for digital transformation in tax and customs; Enhancing Vietnam customs’ risk management capacity.

In parallel with the Conference sessions, the Vietnam Digital Finance 2022 Exhibition attracted the participation of local and international businesses to showcase the latest achievements in the financial sector’s digital transformation./.

ABOUT IEC GROUP:

International Events & Consulting Group – IEC Group takes the lead in B2B event management, marketing and consulting services. Over the years, we own, develop and organize a portfolio of brand-name conferences and exhibitions that serve customers across industries and provide connectivity and business-critical insight across communities of buyers and sellers. Leveraging the strength of hosting the large-scale summits, we also provide large-medium-small sized enterprises with a full spectrum of on-demand event production services delivering the best results and values. Apart from running a series of market-leading annual industry summits and tailored corporate events, IEC Group brings together our strong and long-term relationship with the public sector and partners coupled with great expertise and experience to offer the marketing and consulting services that help our clients to transform and grow business in Vietnam.