Want to be in the loop?
MOF AIMS FOR E-FINANCE SYSTEM BY 2025
The Ministry of Finance aims to have financial cloud infrastructure fully operational by 2025. Innovation in mobile devices and cloud technology on a large scale is key to technological application of the fourth industrial revolution, said Minister of Finance Đinh Tiến Dũng.
According to the resolution, the Ministry of Finance is applying technological achievements of the fourth industrial revolution to build a smart governance system, as well as providing smart financial services, and actively participating in the development of the digital economy.
The sector will plan to gradually switch applications to the cloud environment while setting up a comprehensive information security governance system, in compliance with Vietnamese regulations and international standards.
When operational, the financial cloud will help improve the electronic working environment. The use of data sharing, streamlining and automating internal processes, and providing the ability to search information on mobile devices, will combine towards paperless offices.
The application of new technology in the fourth industrial revolution period will also create a digital financial ecosystem based on the open data of the finance sector, creating conditions for people, enterprises, agencies and organisations to easily, and equally access information of the sector.
At present, the Government of Việt Nam is investing heavily into the building of e-government structures.
The digital government invests in new technologies of the fourth industrial revolution era such as Internet of Things, blockchain, mobility, cloud computing, big data, data analytics and artificial intelligence to streamline or eliminate processes. This will allow the Government to innovate management and public services, bringing greater efficiency and effectiveness in the digital era.
1. Businesses tackle exchange rate volatility with flexible solutions2. Which Vietnamese banks can reach to the Asia market? 3. Pressures on economic growth at the end of the year 4. Diplomatic missions help open up trade cooperation opportunities 5. Putting ride-hailing and taxi firms under same hat could blunt growth ----and more news
1. Online Laser perforation unit supply and installation-bid extend2. Electronic and electric equipment supply3. Remote communication machine supply-bid extend4. Electric equipment and materials supply5. Controlling and measuring equipment supply----and more news
In the first seven months of the year Vietnam saw an increase in overseas investment, creating high expectations for the remainder of the year.
1. Exchange rate exerts pressures on commodities 2. ACB gets nod to increase charter capital to over $548 million 3. Optimistic about economic prospects in remaining months of 2018 4. Tighter control over scrap imports affects plastic sector5. Vietnam Super Committee to manage fewer state firms ----and more news
An increase in the minimum wage moved a step closer yesterday after the National Wage Council agreed to increase basic salaries. The committee confirmed they will look at a rise of more than 5 per cent compared to last year.
“The lack of transparency hardly creates confidence while credit is built on trust. Insufficient trust plus the lack of collaterals and an unfeasible business projects causes credit institutions to say 'No' to small and medium-sized enterprises (SMEs),” said Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), at the Forum on Solutions to Boost Fund Sources for SMEs recently held by the Business Forum Newspaper in Hanoi.