​The Finance industry is continuously leading in digital transformation; completed 2 months in advance of nationwide e-invoice coverage

​The Finance industry is continuously leading in digital transformation; completed 2 months in advance of nationwide e-invoice coverage 10/01/2023 03:35:00 207

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Those are 2 of the 10 events that have just been announced by the Ministry of Finance, on the basis of votes from units under the Ministry and press agencies of the Finance industry.

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The Finance industry continuously leads in digital transformation

For many years, the Ministry of Finance has pioneered the application of technology in the field of finance-state budget, helping to increase efficiency and transparency in financial management, towards advanced and modern digital finance, effectively serving the digital economy. According to the results announced by the Government's Administrative Reform Steering Committee in May 2022, the Ministry of Finance continued to hold the 2nd position out of 17 ministries and ministerial-level agencies with the results of the Public Administrative Reform Index reaching 91.9 out of 100 points. This is the 8th consecutive year (2014-2021), the Ministry of Finance is in the group of 3 leading ministries and ministerial-level agencies in the PAR Index.

In particular, on August 8, 2022, at the meeting of the National Committee on Digital Transformation, the Ministry of Information and Communications announced the Report on assessment results of the level of digital transformation at ministerial and provincial levels in 2021 (DTI 2021), in which, the Ministry of Finance continues to rank first in terms of digital transformation in 2021 among ministries providing public services.

With outstanding results, this is the second year in a row that the Ministry of Finance leads in digital transformation.

The Ministry of Finance has also deployed many digital service and application systems to serve people and enterprises, such as providing online public services with 100% of administrative procedures under the jurisdiction of the Ministry of Finance and affiliated units. Currently, the Ministry of Finance has 464 online public services at level 3.4, reaching a rate of nearly 60%. Which, the number of level 3 and 4 online public services integrated on the National Public Service Portal is 296, reaching nearly 64%. At the same time, the ministry has deployed applications such as issuing codes, electronic invoices, E-tax Mobile ...

With the requirement of striving to form a comprehensive, modern, and rich digital financial ecosystem in all fields, the Ministry of Finance issued Decision 1484/QD-BTC dated July 27, 2022, on the approved the Digital Transformation Plan of the Ministry of Finance to 2025, with orientation to 2030. Next, the Ministry of Finance also took October 10 every year as the Digital Transformation Day of the Ministry of Finance according to Decision No. 1969 /QD-BTC dated September 26, 2022, of the Minister of Finance, in order to speed up the implementation of digital transformation tasks of the Ministry of Finance, effectively perform the tasks assigned in Decision No. Decree No. 1484/QD-BTC.

The tax sector has completed 2 months in advance the nationwide e-invoice coverage

Following the success of implementing e-invoices phase 1 in 6 provinces and cities in 2021, on April 21, 2022, the General Department of Taxation implemented phase 2 in 57 remaining provinces and cities. With a spirit of high determination and with many synchronous and unified measures and solutions, the tax sector has successfully completed the task of implementing e-invoices more than 2 months ahead of schedule as prescribed in Decree No. 123/2020/ND-CP, contributing to accelerating the process of digital transformation, modernizing tax administration in particular and the financial industry in general.

Up to now, nationwide, 100% of enterprises operating and using invoices have switched to using e-invoices and 100% of business households and individuals doing business according to the registered declaration method have switched to using e-invoices, with a total of over 2.1 billion e-invoices issued. The successful implementation of the e-invoice has contributed to helping Vietnam transform the way it serves people, enterprises, and the management method of the tax authorities in an automatic direction in order to reform administrative procedures, create a transparent and equal business environment; promote the development of e-commerce and business on the digital platform in line with the general development trend of the world; bringing many common benefits to society such as saving costs, resources, and environmental protection.

With outstanding achievements in implementing e-invoices, the Prime Minister has recognized and praised and issued Decision No. 54/QD-TTg dated July 25, 2022, awarding the Certificate of Merit to the General Department of Taxation. In particular, the extensive effects of the e-invoice solution have helped the General Department of Taxation be honored in the category of "Excellent State Agencies Transferring Arguments" at the Vietnam Digital Transformation Awards 2022.

(Phuong Thao)

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