People and businesses highly appreciate the digital transformation of the Finance Sector

VCN - The information was mentioned at the 2023 Tax - Customs Forum with the theme "Digital transformation of the Tax and Customs sector to facilitate people and businesses" organized by Vietnam Financial Times in coordination with the General Department of Taxation, The General Department of Customs and the Vietnam Confederation of Commerce and Industry (VCCI) this afternoon (November 8, 2023).
Requirements of businesses in integration are a driving force for the digital transformation of the Finance sector Requirements of businesses in integration are a driving force for the digital transformation of the Finance sector
People and businesses highly appreciate the digital transformation of the Finance Sector
View of the Tax and Customs Forum in 2023. Photo: T.Binh.

Customs and Tax sectors are pioneering in digital transformation

Speaking at the opening of the Forum, Editorial Director of Vietnam Financial Times Pham Thu Phong said that over the years, the Ministry of Finance has pioneered the application of information technology and modernization in the field of management, helping to increase the efficiency and transparency in financial and budget management, moving towards an advanced and modern digital finance system, effectively serving the development of e-Government and digital Government.

For the past 7 consecutive years, the Ministry of Finance has always ranked first in the index of readiness for the development and application of information and communications technology (ICT Index). Regarding rankings according to the DTI digital transformation assessment index, in 2022, the Ministry of Finance ranked top 2 among ministries and branches providing public services.

The positive results in digital transformation of the Finance sector have been highly appreciated by people, businesses and organizations. In particular, the fields of tax and customs are always pioneering in implementing digital transformation with impressive results.

Typically: The electronic tax declaration system has been deployed in 63/63 provinces, cities and 100% of affiliated tax departments; Over 99% of businesses use electronic tax declaration, payment and refund.

In the field of customs, there have been 250 administrative procedures (of 13 ministries and branches) that were carried out through the National Single Window, etc.

The construction and data management platforms are built in the direction of enhancing compatibility between information infrastructures of state agencies, creating favorable conditions for electronic transactions among state agencies and among state agencies, organizations and individuals; Ensure the sharing of data from the Finance sector with other ministries, branches and localities that need to exploit and use.

Sharing more clearly about the digital transformation of the Customs sector, Director of the Department of Information Technology and Customs Statistics (General Department of Customs) Le Duc Thanh said: currently, the Customs sector is focusing resources on implementing the Customs Development Strategy by 2030 with the goal of building a formal and modern Vietnam Customs, on level with customs of developed countries in the world, leading in implementing digital government with the model of digital customs and smart customs. Concretize the Customs development strategy until 2030, implement policies and guidelines of the Party, Government and leaders at all levels on promoting digital transformation and technology application of the 4.0 Industrial Revolution, the General Department of Customs has developed and issued a Digital Transformation Plan for the Customs sector to 2025, with an orientation to 2030 with the goal of striving to complete Digital Customs by 2025; By 2030, complete Smart Customs, etc.

In the field of tax, Mr. Dang Ngoc Minh, Deputy Director of the General Department of Taxation, said that in recent years, the Tax sector has always strived to reform and modernize management, from perfecting the legal environment to developing infrastructure, providing electronic tax services in an integrated, centralized manner, meeting e-Government requirements, towards digital Government.

“With the motto of taking people and businesses as the serving center, the Tax sector has been implementing many projects and tasks to apply information technology in tax management and comprehensive digital transformation. The General Department of Taxation determined that the strategic goal is the need to provide electronic services and support tools for people and businesses to help them participate in the digital transformation process," Mr. Dang Ngoc Minh emphasized.

Always accompany the business

At the Forum, on behalf of the business community, Mr. Nguyen Bac Ha - Head of the Membership and Training Committee (VCCI) said that the implementation of the National Digital Transformation Program to 2025, with a vision to 2030, has achieved very clear results, especially awareness of digital transformation in state agencies, businesses and the entire population is constantly improving. In the Ministry of Finance, the digital transformation in the field of tax and customs has achieved important initial foundations.

In order to achieve success in digital transformation of the Tax and Customs sector, the decisive factor is the close attention and direction of leaders at all levels, and the participation of the entire Tax and Customs system with synchronous solutions from building and completing policy documents, operations, organizational structure, management processes to applying information technology in tax and customs management. Along with that is the companionship of people and businesses in digital transformation, thereby creating motivation to promote the development and success of digital transformation in the Tax and Customs sectors.

“On behalf of the business community and entrepreneurs nationwide, I would like to express my sincere thanks to the Tax and Customs sectors for always closely accompanying businesses during the past time, especially regularly coordinate with VCCI in resolving difficulties and problems arising from the business community; Gradually making transparent and simplifying administrative procedures on tax and customs, supporting businesses to overcome difficulties and challenges", Mr. Nguyen Bac Ha expressed.

By Thai Binh/Phuong Linh

Related News

Policy adaptation and acceleration of digital transformation in tax and customs management

Policy adaptation and acceleration of digital transformation in tax and customs management

VCN - In order to contribute to economic growth, tax, customs and logistics management policies need to ensure high adaptability, stability and predictability so that they require little amendment or supplementation.
What do businesses need for digital transformation?

What do businesses need for digital transformation?

VCN - According to experts, to support businesses in successful digital transformation, the state needs to complete the policy framework and testing mechanism (sandbox) for the development of digital economy, green economy, circular economy and new business models. At the same time, reform institutions to attract investment in digital technology in the direction of maximizing convenience for capital contribution, share purchase, merger and acquisition of digital technology enterprises. Create a favorable environment to promote digital transformation and support business development.
Reducing logistics costs: A solution for competitiveness and attracting import-export goods

Reducing logistics costs: A solution for competitiveness and attracting import-export goods

VCN - With high costs, a lack of large-scale logistics centers, and fragmented infrastructure, the logistics industry still faces many challenges on its path to becoming a backbone of the economy.
Finance sector exceeds revenue target in 4 years thanks to comprehensive reform of collection method

Finance sector exceeds revenue target in 4 years thanks to comprehensive reform of collection method

VCN – The revenue collection method of the Customs and Tax sectors has been comprehensively reformed, contributing to exceeding the revenue target of about VND1 quadrillion over the past four years, Deputy Prime Minister and Minister of Finance Ho Duc Phoc said.

Latest News

Many challenges in restructuring public finance

Many challenges in restructuring public finance

VCN - Restructuring public finance is an important step to improve state financial management, ensure resources are allocated reasonably and effectively, contributing to the country's sustainable development. In addition to the achieved results, the process of accelerating public finance restructuring also faces many pressures.
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as the e-commerce trading platform implements tax deduction, payment and declaration on behalf of tens, hundreds of thousands of individuals and business households on the platform.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

VCN - The results of State budget revenue in HCMC in the first 10 months of 2024 are estimated to increase by 10% over the same period last year, of which the highlight is that revenue from import-export activities has begun to increase.

More News

Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

VCN - Monetary policy and fiscal policy are the driving force for economic development, so that there has been effective coordination, Deputy Prime Minister and Minister of Finance Ho Duc Phoc.
Seaport stocks surge amid positive sector outlook

Seaport stocks surge amid positive sector outlook

During the trading session on 12 November, while the VN-Index fell for the fourth consecutive session to 1,244 points, several seaport and shipping stocks such as MVN (VIMC), VOS (Vietnam Shipping), and GMD (Gemadept) maintained upward momentum.
Striving for revenue to rise by over 15% compared to assigned estimate

Striving for revenue to rise by over 15% compared to assigned estimate

VCN – At meeting on summarizing in financial budget October and deploying work program in November held by the Ministry of Finance on November 11, Deputy Minister of Finance Cao Anh Tuan requested to speed ​​up review budget work and quickly remove financial institutional bottlenecks.
Budget revenue is about to be completed for the whole year estimate

Budget revenue is about to be completed for the whole year estimate

VCN - After 10 months of 2024, the budget collection progress has almost completed the assigned estimate for the whole year. From now until the end of the year, the entire Finance sector is striving to achieve the revenue exceeding the set target.
Tax authorities and Police join forces to crack down on e-invoice fraud

Tax authorities and Police join forces to crack down on e-invoice fraud

VCN - As invoice trading crimes surge, the General Department of Taxation is rolling out a new e-invoice alert system designed to support tax authorities and law enforcement in swiftly identifying and halting fraudulent activities tied to electronic invoices.
State revenue collection poised to surpass annual target

State revenue collection poised to surpass annual target

VCN - With ten months of 2024 behind us, Vietnam’s state budget revenue is on track to exceed the year’s target. The Ministry of Finance is pushing hard to achieve results that go beyond initial projections as the year draws to a close.
Amending regulations for proactive, responsible tax officials

Amending regulations for proactive, responsible tax officials

VCN - Dr. Phan Hoai Nam, CEO of W&A Consulting, Member of the Association of Chartered Certified Accountants (ACCA), CPA Australia, and the Chartered Institute of Taxation (CIOT), discusses tax refund issues with Customs Magazine.
Drastic actions taken to complete 95% public investment disbursement goal: Gov’t press conference

Drastic actions taken to complete 95% public investment disbursement goal: Gov’t press conference

The Ministry of Planning and Investment is working with other ministries, sectors and localities to take drastic measures to complete this year's target of disbursing 95% of allocated public investment, its Deputy Minister Tran Quoc Phuong told the Government’s regular press conference on November 9.
Revising policies to adapt to two-way impact of FTAs

Revising policies to adapt to two-way impact of FTAs

VCN - One of the most obvious positive impacts of Free Trade Agreements (FTAs) is to promote export growth, thereby contributing to increasing state budget revenue. However, the implementation of FTAs ​​also has a negative impact on state budget revenue under commitments on tariff reduction and elimination.
Read More

Your care

Latest Most read
Many challenges in restructuring public finance

Many challenges in restructuring public finance

VCN - Public finance reform is one of the 6 contents of state administrative reform in the period of 2021 - 2030 according to Resolution 76/NQ-CP dated July 15, 2021 of the Government and this is an important task, contributing to supporting other tasks,
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as t
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

VCN - The results of State budget revenue in HCMC in the first 10 months of 2024 are estimated to increase by 10% over the same period last year, of which the highlight is that revenue from import-export activities has begun to increase.
Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

VCN - Reporting to the National Assembly in the question-and-answer session on the banking sector under the 8th Session on November 11, 2024, Deputy Prime Minister and Minister of Finance Ho Duc Phoc said that when the economy increases or decreases, it w
Mobile Version