Discussing digital solutions for public financial management
![]() |
Delegates from other countries attended the "Government technology and public financial management" conference. Photo: TL. |
The conference welcomed the attendance of seven countries, including Malaysia, Indonesia, Vietnam, Laos, Philippines, Nepal and Cambodia.
Speaking at the workshop, Mr Nguyen Manh Cuong, Deputy Director General of the State Treasury of Vietnam, said that the conference "Government technology and public financial management" showed the attention of the International Monetary Fund (IMF) to efforts to reform manage policies and build public financial management information systems of Southeast Asia countries, including Vietnam.
According to the State Treasury's leader, the Financial Management Information Systems (FMIS) play an important role as a tool to help governments manage public finances transparently, quickly and effectively. According to many countries, the FMIS supports budget formulation, execution, accounting, public debt management, public asset management and Government financial reporting.
In Vietnam, the FMIS has the core of the Treasury and Budget Management Information System (TABMIS) and the extended modules, including the online public service system that provides online transactions for budget users; the Tax Collection System (TCS); the Treasury Single Account - TSA connected to the banking system; State treasury management system; the State Accounting System and other systems.
Mr Nguyen Manh Cuong said that in 2022, the Prime Minister signed the Decisions promulgating the 2030 Financial Strategy and the State Treasury Development Strategy to 2030. Accordingly, Vietnam will continue to implement orientations for administrative reform on public financial management; reform processes, especially upgrading the TABMIS and related application systems towards the formation of the Vietnam Digital State Budget and Accounting Information System (VDBAS), which has a more comprehensive and complete scope and uses a more modern digital technology platform
The regional conference on the topic of "Government Technology and Public Financial Management" organized by the IMF is a very meaningful opportunity, helping not only Vietnam but all participating countries learn and exchange experiences from each other as well as from IMF experts to give recommendations to the reform of public financial management policy and the upgrading or building of the FMIS shortly," said Mr Nguyen Manh Cuong
Also, at the conference, Mr Werner Gruber – Head of Cooperation Office, Embassy of Switzerland in Viet Nam said digital solutions had been used to enhance access to information and use of public services. Furthermore, Digitization plays a vital
"Digitalization has been introduced in all sectors of the economy, helping the Government manage public finance more effectively. However, digitalizing public financial management has always been challenging for many countries. This is why Digitization has been implemented, but it is still not systematic. Specifically, all areas, such as tax, customs, bidding, etc. have been digitized but lack the link from the integrated information system. Therefore, the IMF will help implement digital solutions in this area. We will provide strategic guidance, solutions, structure and key functions on digital solutions for public financial management", said Mr. Werner Gruber.
![]() | Vietnam lucrative market for digital economy Vietnam is believed to be a lucrative market for digital economy with the second fastest growth pace ... |
It is known that from March 6, 2023, to March 10, 2023, the delegates will conduct exchanges and discussions in pairs and in groups with international experts on the content. "Guidelines for Government technology solutions in public financial management" in both the function of public financial management and the transformation of information technology; and discuss topics in groups to consolidate practical knowledge.
Related News
![Quang Ninh Customs considers businesses as partners for cooperation and development](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/22/10/croped/img-56372024071112370720240722103420.jpg?240722023312)
Quang Ninh Customs considers businesses as partners for cooperation and development
14:33 | 22/07/2024 Customs
![Vietnam made good progress in reforming public financial management](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/062024/25/22/croped/z5568575617382-fe5c166c0b8f4ad348f1790c19c3604d2024062413573120240625221626.jpg?240626103755)
Vietnam made good progress in reforming public financial management
10:37 | 26/06/2024 Finance
![Workshop seeks ways to raise Vietnamese coffee’s value](https://english.haiquanonline.com.vn/stores/news_dataimages/nguyenhung/032023/05/20/croped/cf120230305200618.9743770.jpg?230305080717)
Workshop seeks ways to raise Vietnamese coffee’s value
20:07 | 05/03/2023 Import-Export
![Experts give feedback on draft Decree on information connection for National Single Window](https://english.haiquanonline.com.vn/stores/news_dataimages/hoangloan/082022/02/10/3336_4308_6_1.jpg?rt=20220802103337?220806123605)
Experts give feedback on draft Decree on information connection for National Single Window
12:36 | 06/08/2022 Finance
Latest News
![Perfecting the legal framework to promote upgrading the stock market](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/22/croped/132024072310541020240725221344.jpg?240726081814)
Perfecting the legal framework to promote upgrading the stock market
08:18 | 26/07/2024 Finance
![Margin loan continues hit new record](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/fiin2024072315213620240724145347.jpg?240725092004)
Margin loan continues hit new record
09:20 | 25/07/2024 Finance
![Vietnam needs comprehensive regulatory framework to attract green financing](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/green-finance-566620240724141129.5511800.jpg?240724021157)
Vietnam needs comprehensive regulatory framework to attract green financing
14:11 | 24/07/2024 Finance
![2025 budget estimation must be practical, accurate and efficient](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/23/13/croped/z5648711762772-4c57b15495cfcb197f8723d749fe4aa52024071917513120240723135923.jpg?240723023829)
2025 budget estimation must be practical, accurate and efficient
14:38 | 23/07/2024 Finance
More News
![The corporate bond market will be more vibrant in the second half of the year](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/22/15/croped/112024071818564620240722155216.jpg?240723082100)
The corporate bond market will be more vibrant in the second half of the year
08:20 | 23/07/2024 Finance
![Prioritize resources and promptly supplement capital for policy credit](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/17/14/nhcsxh-quang-ninh-1202407022251172024071616173420240717141834.jpg?rt=20240717141837?240722100700)
Prioritize resources and promptly supplement capital for policy credit
10:06 | 22/07/2024 Finance
![Measures suggested to boost startups’ access to capital](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/21/19/croped/measures-suggested-to-boost-startups-access-to-capital-56220240721193808.3646770.jpg?240721073852)
Measures suggested to boost startups’ access to capital
19:38 | 21/07/2024 Finance
![Inflationary pressure seen from monetary policy](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/18/22/croped/12024071118383020240718224146.jpg?240721094724)
Inflationary pressure seen from monetary policy
09:47 | 21/07/2024 Finance
![Banks with the problem of promoting credit growth](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/18/22/croped/142024070515243520240718222634.jpg?240720064949)
Banks with the problem of promoting credit growth
18:49 | 20/07/2024 Finance
![Proposal to increase Special Consumption Tax on tobacco products](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/19/15/croped/z5638560592107-bb19f9b3b6635b5bb407c871b1aff5ea2024071615410820240719150329.jpg?240720095049)
Proposal to increase Special Consumption Tax on tobacco products
09:50 | 20/07/2024 Finance
![Savings of individual customers at banks hit record high](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/19/14/croped/362413-savings20240719143011.3054670.jpg?240719023032)
Savings of individual customers at banks hit record high
14:30 | 19/07/2024 Finance
![Managing fiscal policy has achieved many positive and comprehensive results](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/18/22/croped/z5634201788386-8cf5a37a33eec7b9e4b5f8d46c60d6dc2024071509390720240718221008.jpg?240719021205)
Managing fiscal policy has achieved many positive and comprehensive results
14:12 | 19/07/2024 Finance
![Determine tools, policy for inflation control](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/18/22/croped/5-3231-5-long2024071116215420240718223836.jpg?240719021141)
Determine tools, policy for inflation control
14:11 | 19/07/2024 Finance
Your care
![Perfecting the legal framework to promote upgrading the stock market](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/22/croped/medium/132024072310541020240725221344.jpg?240726081814)
Perfecting the legal framework to promote upgrading the stock market
08:18 | 26/07/2024 Finance
![Margin loan continues hit new record](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/medium/fiin2024072315213620240724145347.jpg?240725092004)
Margin loan continues hit new record
09:20 | 25/07/2024 Finance
![Vietnam needs comprehensive regulatory framework to attract green financing](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/medium/green-finance-566620240724141129.5511800.jpg?240724021157)
Vietnam needs comprehensive regulatory framework to attract green financing
14:11 | 24/07/2024 Finance
![2025 budget estimation must be practical, accurate and efficient](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/23/13/croped/medium/z5648711762772-4c57b15495cfcb197f8723d749fe4aa52024071917513120240723135923.jpg?240723023829)
2025 budget estimation must be practical, accurate and efficient
14:38 | 23/07/2024 Finance
![The corporate bond market will be more vibrant in the second half of the year](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/22/15/croped/medium/112024071818564620240722155216.jpg?240723082100)
The corporate bond market will be more vibrant in the second half of the year
08:20 | 23/07/2024 Finance