The financial industry promotes digital transformation

The Prime Minister has approved the financial strategy to 2030, in which the most important content is modernizing digital transformation in the industry. For many years, the Ministry of Finance has pioneered the application of technology in the finance – budget sector to help increase efficiency and transparency in financial management, towards an advanced and modern digital finance. effectively serve the digital economy.

For 7 consecutive years, the Ministry of Finance has been ranked first in the ranking of readiness for information technology development and application in Vietnam.

More than 99% of businesses nationwide have used tax declaration, tax payment and tax refund services.

Recently, the tax industry has launched a dedicated portal for foreign suppliers to register, declare and pay taxes.

Professional activities of cost control accounting at Hanoi State Treasury. (Photo: VNA)

In particular, the application of e-invoices will be connected to the National Database of Population through the National Public Service Portal, which is the first platform to form tax data and contribute to promoting the development of tax revenue. Digital Government Development.

“This data will be interconnected with: data on land, business registration, population. When we have big data, we will apply artificial intelligence to data analysis for tight tax management. fight against tax evasion and tax profiteering,” said Finance Minister Ho Duc Phuc.

Up to now, the State Treasury has basically completed the construction of an electronic treasury with a level 4 online public service system that connects to 100% of budget-using units integrated on the Public Service portal. family.

The Customs sector has also developed a master plan on designing and implementing digital transformation information technology to serve the implementation of the ASEAN Single Window and trade facilitation.

“Connecting all stakeholders including domestic and foreign government agencies, import-export and cross-border shipping organizations on the same ecosystem. Thereby the parties are connected and shared. information sharing”, said Mr. Pham Duyen Phuong, Deputy Director of the Customs Statistics and Information Technology Department, General Department of Customs.

“Will connect and share information about the treasury to all units inside and outside the State Treasury system, creating maximum convenience for transactions,” said Deputy General Director of the State Treasury Nguyen. Manh Cuong emphasized.

The Ministry of Finance sets a target that by 2025, it will basically establish a modern and transparent digital financial platform based on big data and open financial data. All data of the financial industry will be connected on the national public service portal, comprehensively meeting the needs of public financial transactions, the need for digital information exploitation and use of the Government, people, businesses and organizations. organizations.

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