Highlights of digital transformation in the Finance sector

VCN - With positive results in building and developing e-Government and digital Government, especially outstanding results in the modernization of key areas such as Tax, Customs, and Treasury, in 2021, the Finance sector has been honored in many rankings in the field of digital transformation, being a pioneer in the Government's digital transformation.
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Highlights of digital transformation in the Finance sector
The Ministry of Finance pioneered and made breakthroughs in information technology application and administrative procedure reform. In the photo: Professional activities at Huu Nghi Border Gate Customs Branch (Lang Son Customs Department). Photo: H.N

Pioneer in IT application

In the past year, in order to create favorable conditions and further reduce costs for people and businesses to promote socio-economic development, the Ministry of Finance has stepped up the implementation of online public service provision.

This is the top priority in the process of building e-Government and digital government. So far, 896 administrative procedures under the management of the Ministry of Finance have been provided online, reaching 100%.

Regarding the construction of the Reporting Information System, the Ministry of Finance has connected with the Government Information and Reporting System and completed providing data on 15 of 15 indicators in a number of key areas such as state budget revenues and expenditures, state budget deficit, government debt balance, foreign debt balance, public debt balance compared to GDP, value of import and export goods, tax arrears ratio, tax payment hours, disbursement rate of public investment capital and state budget capital.

Minister of Finance Ho Duc Phoc:

In the field of customs, in 2022, continue to thoroughly propagate and raise awareness about digital transformation for Customs officers and employees. Promote training to improve the quality of human resources to meet the requirements of digital customs implementation, digital transformation and IT application requirements. Strongly implement digital transformation and technology application of Industry 4.0 in state management of customs. Successfully implement the overall redesign of the Customs IT system on the basis of applying the latest technological achievements, in line with advanced international standards, towards Digital Customs, meeting the requirements of smart management.

In particular, the Finance sector continues to record many achievements in the modernization of the tax, customs and treasury sectors.

For customs modernization, in 2021, it coordinated with ministries and branches to complete the implementation of administrative procedures on the National Single Window. As of December 15, 2021, there were 235 administrative procedures of 13 ministries and sectors officially implemented on the National Single Window with over 4.7 million records of over 51,500 participating enterprises.

Regarding the ASEAN Single Window, in 2021, Vietnam will continue to exchange information on electronic certificates of origin form D with all nine ASEAN countries (Singapore, Malaysia, Indonesia, Thailand, Brunei, Cambodia, Myanmar, Laos and the Philippines). As of December 15, 2021, the number of C/O Vietnam received from ASEAN countries was 220,880; C/O sent by Vietnam to other countries was 894,616.

Regarding the VNACCS/VCIS automatic clearance system and the centralized IT systems of the Customs sector, the Customs sector continues to manage, supervise and ensure the operation of the VNACCS/VCIS automatic customs clearance system and the centralized IT systems to be stable 24/7, ensuring security, safety, smooth communication lines that effectively serve the clearance of import and export goods.

At the same time, it has successfully built and implemented an automatic customs management system at ports, warehouses and yards (VASSCM) at 33 of 35 customs departments of provinces and cities, creating favorable conditions for enterprises of ports, warehouses and yards, reducing time and costs for import-export enterprises, and enhancing the effectiveness of customs supervision.

Concentrate resources for digital transformation

In the tax field, in order to meet the requirements of implementing new processes and policies, the IT Department (General Department of Taxation) has completed upgrading 163 versions of tax management applications and supporting taxpayers.

The upgrade and implementation of the application to meet the new additions and amendments to tax policies have contributed to improving the quality of tax management and supporting taxpayers to comply with tax obligations, especially supporting people and businesses facing difficulties due to the Covid-19 pandemic.

Regarding the implementation of e-Government, the National Digital Government, the Tax sector successfully deployed the E-tax application on Mobile; SMS service between tax authorities and taxpayers; online public services and integration of the National Public Service Portal; met financial obligations on land on the National Public Service Portal.

In particular, with the goal that by July 1, 2022, all taxpayers will use e-invoices in accordance with the Law on Tax Administration and Decree No. 123/2020/ND-CP, the Department of Information Technology has coordinated closely with specialized units to successfully deploy e-invoice phase 1 in six provinces and cities.

In the field of Treasury, Nguyen Manh Cuong, Deputy General Director of the State Treasury, said that implementing the programs and plans of the Government and the Ministry of Finance on promoting administrative reform and implementing the e-Government, over the years, the State Treasury has always focused on promoting synchronous administrative reform in all six areas: institutional reform; administrative reform; organizational reform; civil service reform; public finance reform and administrative modernization.

Regarding institutional reform and administrative procedure reform, the State Treasury has focused on perfecting mechanisms and policies on the management of budget revenue and expenditure towards simplicity, publicity and transparency; closely link the renewal of mechanisms, policies, and professional processes with the enhancement of IT application and ensuring the safety of state money and assets. Thereby, contributing to building a professional and modern State Treasury and forming an electronic treasury, towards a digital treasury.

Speaking at the conference to summarize 2021 and deploy the Ministry of Finance's tasks, Prime Minister Pham Minh Chinh requested that in 2022, the Finance sector continue to promote reform, reduction and simplification of administrative procedures, focusing on investment in digital transformation, because this is investment for development, promoting e-budget revenue and expenditure in the future, especially on the issue of budget revenue.

By Hoai Anh/ Thuy Linh

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