The financial sector has been ardently advocating for digital transformation, as this endeavour will be a pivotal element in the national digital shift and will also bolster digital transformation across other sectors, according to officials.

The Vietnam Digital Finance Conference and Expo 2022 took place in Hanoi on November 17, under the theme of “Embracing IT modernisation to accelerate digital transformation in the financial sector”.

Vietnam needs to develop a strong domestic banking and financial sector that can provide a guaranteed funding base for decarbonising the oil economy, Kanni Wignaraja, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, told the Vietnam News Agency (VNA) on July 29.

A delegation of Ho Chi Minh City led by Chairman of the municipal People’s Committee Phan Van Mai met with several enterprises of the US on July 18 - 19 as part of their ongoing working trip to the US.

Prime Minister Pham Minh Chinh on January 6 urged the financial sector to harmoniously combine fiscal and monetary policies, and better the State budget management work in 2022.

VOV.VN - The local economy has remained resilient despite the impact of the novel coronavirus (COVID-19), recording growth of 2.9% in 2020 to mark one of the highest growth rates worldwide, according to latest annual assessment released by the International Monetary Fund (IMF).

VOV.VN - The budget revenue structure has shifted towards a more sustainable model to meet the development and integration of the national economy, following goals set to raise the proportion of domestic revenue to 82% for 2016- 2020 and 85.5% by 2020, and reduce the proportion of revenue from import-export activities and crude oil exports.

The financial sector needs to renovate more strongly to free up resources to meet the country’s development objectives, Prime Minister Nguyen Xuan Phuc told an online meeting to review financial sector and State budget performance in 2020 and define tasks for 2021.

VOV.VN - The Ministry of Finance (MoF) has drafted legal documents to fulfil Vietnam’s commitments on import tariff cuts under free trade agreements (FTA) the country has signed with partners, said MoF Minister Dinh Tien Dung.