Businesses undergoing digital transformation

Prime Minister Pham Minh Chinh speaks at the event. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on August 4 commended efforts by the banking sector in digital transformation with diverse products and services for people and businesses. Addressing “Digital transformation day of the banking sector ” in Hanoi, Chinh, who is also head of the National Committee on Digital Transformation , stressed that the sector has played a significant role in national digital transformation. He urged the sector to further reform its management methods towards modernity and transparency, and diversify and improve the quality of its products and services, contributing to fighting money laundering. The sector should work to understand more about the demand of people, businesses and credit institutions to devise suitable legal documents, facilitating the application of digital technologies in banking services, the PM went on. He asked the State Bank of Vietnam (SBV) to … [Read more...] about PM lauds digital transformation in banking sector

Thua Thien Hue Smart City Monitoring and Operation Centre (Hue IOC) has been operating since the beginning of 2019. The province has been evaluated as one of the leading localities in the country in digital transformation. (Photo courtesy of VINASA) Hanoi (VNS/VNA) - The Digital Transformation Week 2022 is set to take place in the central province of Thua Thien-Hue on August 17. Themed “Digital transformation creates momentum to accelerate socio-economic development”, the event is expected to attract the participation of 50 speakers, more than 100 small- and medium -sized enterprises (SMEs) registering to attend digital transformation training, over 1,000 delegates attending conferences and some 3,000 delegates participating in exhibitions. The event which will be co-organised by the People’s Committee of Thua Thien-Hue and the Vietnam Software and IT Services Association (VINASA) is one of the province’s activities to respond to the national digital transformation day … [Read more...] about Digital transformation week 2022 to be held in Thua Thien-Hue

PM Pham Minh Chinh speaks at the meeting of the National Committee on Digital Transformation in Hanoi on August 8. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on August 8 described digital transformation as an important tool for the building of an independent and self-reliant economy and the extensive and effective integration into the world. He made the remark while chairing the third meeting of the National Committee on Digital Transformation in Hanoi. The Ministry of Information and Communications reported that digital transformation was promoted strongly and reaped encouraging outcomes in the first half of 2022. So far, 100% of the enterprises have used e-invoices, e-commerce revenue reached 11.27% of total retail sales (compared to the target of 7%), 66% of the people aged 15 and above had payment accounts (1% higher than the target), 70.91% of the adults owned smartphones (compared to the target of 85%), and 71.75% of all the households used … [Read more...] about Digital transformation crucial to an independent, self-reliant economy: PM

An overview of the press conference (Photo: VNA) Hanoi (VNA) – The digital transformation day of the banking sector will be held on August 3, the State Bank of Vietnam (SBV) announced at a press conference in Hanoi on July 28. Nguyen Thi Hoa, Director of the Banking Strategy Institute, said that the central bank previously decided to choose May 11 as the digital transformation day of the banking sector . However, due to the COVID-19 pandemic, this year’s day will be observed on August 3, Hoa added. Within the framework of the event, there will be a symposium with the theme of strengthening connectivity, promoting the digital transformation of banks and offering solutions to apply technology in the development of banking products and services; and an exhibition displaying products and services using the application of science and technology. According to Le Anh Dung, Deputy Director in charge of the Payment Department under the SBV, in the first six months of … [Read more...] about Banking sector’s digital transformation day to take place next month

Vietnam’s digital transformation is designed to be based on three main pillars namely institution, infrastructure, and manpower. Digital transformation plays a major role in building an independent and integrated economy, Vietnam’s Prime Minister Pham Minh Chinh made the statement today. The country should not remain outside this process and building successful digital-based economy and society needs to begin with e-government, Chinh, who is also Chairman of the National Committee for Digital Transformation, said at the committee’s 3rd meeting on August 9. The event drew the participation of more than 130,000 officials nationwide, including Deputy Prime Minister Vu Duc Dam and many cabinet members, to discuss the application of population data and electronic identification and authentication for national digital transformation in the 2022-2025 period with a vision to 2030. Vietnam's Prime Minister Pham Minh Chinh speaks at the national meeting on digital … [Read more...] about Digital transformation matters a lot to economic integration: Vietnamese PM

The banking industry needs to continue investing in shared payment and credit information infrastructures. Prime Minister Pham Minh Chinh requested that the banking industry focus on completing the legal framework to facilitate its digital transformation activities. Prime Minister Pham Minh Chinh addresses the event. Photos: SBV On the Digital Transformation Day of the banking industry on August 4, the Prime Minister called on the State Bank of Vietnam (SBV) to soon submit to the government a draft decree on the pilot mechanism to control fintech operation. The SBV should also continue to invest in shared payment and credit information infrastructures to bring benefits to individuals and businesses, Chinh stressed. Nguyen Thi Hong, the SBV’s Governor, said in implementing the national digital transformation, businesses and people are regarded as the center and beneficiaries of the process. “The goal of the banking digital transformation is to improve the … [Read more...] about Banking industry urged to complete digital transformation legal framework

Prime Minister Pham Minh Chinh (third, left) and delegates visit a bank's booth featuring its digital products. The PM who is Chairman of the National Committee of Digital Transformation attended the Conference on Digital Transformation in the Banking Sector held by the State Bank of Viet Nam on Thursday. — Photo baochinhphu.vn Prime Minister Pham Minh Chinh said the banking sector had all the factors to be pioneering and, in fact, was at the forefront of the digital transformation process. Digital transformation was an inevitable trend, and an urgent requirement, noted the Prime Minister. The Prime Minister, who is also Chairman of the National Committee on Digital Transformation, attended and delivered a keynote speech at the Conference on Digital Transformation in the Banking Sector organised by the State Bank of Vietnam (SBV) in Ha Noi on Thursday. Speaking at the conference, SBV Governor Nguyen Thi Hong said that in the Prime Minister's Decision No 749/QD-TTg approving … [Read more...] about Banking sector can be pioneer in digital transformation: PM

Themed “Digital transformation creates momentum to accelerate socio-economic development,” the event is expected to attract the participation of 50 speakers, more than 100 small- and medium-sized enterprises (SMEs) registering to attend digital transformation training, over 1,000 delegates attending conferences and some 3,000 delegates participating in exhibitions. The event which will be co-organized by the People’s Committee of Thua Thien Hue and the Vietnam Software and IT Services Association (VINASA) is one of the province’s activities to respond to the national digital transformation day which will be held on October 10. It will have many activities such as four conferences, three in-depth seminars, exhibitions and launching of digital solution platforms, signing digital transformation cooperation agreements between businesses and the province’s departments and agencies. As a locality with strong culture and heritage, Thua Thien Hue will organize a separate conference on … [Read more...] about Digital transformation week 2022 to be held in Thua Thien Hue

The meeting was held in an online format linking the Government Office with People’s Committees of provinces and centrally-run cities across the country. PM Chinh, who heads the committee, reiterated that digital transformation is an inevitable trend, an objective requirement and a must-do task in national development. He noted that during the complicated developments of the COVID-19 pandemic, digital transformation has become an urgent need in order to effectively prevent and control and pandemic while maintaining and promoting socio-economic development. The government leader affirmed that digital transformation is a big policy of the Party and State, which must be implemented regularly and continuously in a fast and effective manner. During the meeting, a report on digital transformation index rankings for ministries and provinces in 2021 will be released. Source: VNA … [Read more...] about PM chairs third session of national committee on digital transformation

The central city topped the ranking for cities and provinces, scoring 0.6419 points, 0.1545 higher than the 2020 ranking released last year. Thua Thien Hue came in second place again with 0.5872 points, and Ho Chi Minh City climbed two spots to rank third. The top ten also included Bac Ninh, Lang Son, Ninh Binh, Quang Ninh, Thai Nguyen, Binh Phuoc and Bac Giang. The Ministry of Finance led the rankings of 17 ministries and ministry-level agencies providing public services, gaining 0.6321 points, 0.13 higher than the previous ranking. It was followed by the Ministry of Planning and Investment and Vietnam Social Security. Also in the top ten were the State Bank of Vietnam, the ministries of Trade and Industry; Information and Telecommunications; Environment and Natural Resources; Culture, Sports and Tourism; Transport; and Home Affairs. Claiming 0.4736 points, the Vietnam Academy of Science and Technology rose two spots to rank first among nine ministries and ministry-level … [Read more...] about Da Nang, Finance Ministry top Digital Transformation Index