The banking sector is ready to implement the National Strategy for the Development of the Digital Economy and Digital Society to 2025, with a Vision to 2030

Accordingly, the Plan aims to organize the synchronous and effective implementation of the tasks of the banking sector as assigned in the National Strategy for Digital Economy and Digital Society Development to 2025, with orientation to 2030 according to Decision No. Decision No. 411/QD-TTg dated March 31, 2022 of the Prime Minister for the period 2022-2025.

The plan includes the following specific tasks:

One is, develop digital payment in the direction of financial inclusion, promote non-cash payment. Key tasks include:

Organize the implementation of the Action Plan of the Banking sector to implement the National Comprehensive Financial Strategy to 2025, with orientation to 2030, issued in Decision No. 1309/QD-NHNN;

Organize the implementation of the implementation plan for the implementation of Decision No. 1813/QD-NHNN dated October 28, 2021 of the Prime Minister approving the Project on development of non-cash payment in Vietnam for the period of 2021-2025. issued in Decision 2006/QD-NHNN;

Formulate and submit to the Government for promulgation the Government’s Decree on a mechanism for controlled testing of financial technology activities in the banking sector;

Review and amend regulations and policies on finance, fees and charges in the direction of removing barriers to non-cash payment, thereby encouraging people to conduct non-cash transactions. ;

Development of payment systems.

Research and propose mechanisms and policies on issues related to national digital currency…;

Two isimproving institutions: Reviewing, building, amending and supplementing mechanisms, policies and laws in the banking industry in accordance with the requirements of the development of the digital economy and digital society;

Focus on developing policies to increase the proportion of online activities accounting for at least 50% of the banking industry’s activities;

Implement the tasks of the task group “Building and perfecting the legal framework to facilitate the digital transformation process in the banking industry” under the Plan to transform the banking industry to 2025, with a vision to 2030 promulgated in Decision No. 810/QD-NHNN;

Building, promulgating and perfecting a system of technical standards of the banking industry to serve the development of the digital economy and digital society, especially technical standards on the quality of digital services in the banking industry.

Three is, develop and use digital platforms: Develop and organize the implementation of the plan of the banking industry to promote the use of national digital platforms; Identify the digital platforms of the Banking industry and develop a specific plan to develop and promote the use of the digital platforms of the Banking industry.

Four isDigital data development: Continue to improve the aggregate data processing and analysis platform of the SBV in order to centrally store, synthesize, analyze and process data on socio-economic development from different sources. different sources; interconnection, open data sharing, thereby creating new information, new data services serving the Digital Government; Accelerating digitization, building a database to serve the monetary and banking management and administration activities of the State Bank.

Year is, ensuring information safety and network security: Ensuring the default network information security requirements right from the design and construction stage when developing digital infrastructure and digital platforms; Develop the platform and organize the deployment of network information security services according to the 4-layer protection model;

Six isDevelopment of digital skills, digital citizenship, digital culture: Organizing the implementation of the Banking sector’s plan to implement the Project “Enhancing awareness, popularizing skills and developing human resources for national digital transformation to 2025, orientation to 2030” issued in Decision 1033/QD-NHNN.

Seven is, developing digital businesses: Develop and issue a program to determine the index to evaluate the level of business arguments and support businesses in digital transformation of the banking industry to implement Decision No. 1970/QD-BTTTT dated December 13, 2021 of the Minister of Information and Communications approving the Scheme to determine the Index to assess the level of enterprise digital transformation and support to promote enterprises to digital transformation; Using the Index to assess the level of enterprise digital transformation to measure the digital transformation of credit institutions. Periodically organize surveys to assess the level of digital transformation of credit institutions.

Eight is, a number of other tasks and solutions such as: Cooperating with digital platform enterprises in researching and developing excellent and high-quality digital platforms; Implement financial education and communication programs to improve people’s knowledge and skills in using digital banking and financial products and services; International cooperation on development of digital economy, digital society…

Deciding to assign the Information Technology Department as the focal point to advise and assist the Governor of the State Bank in implementing the Plan; monitor and urge the implementation of tasks in the Plan; promptly report to the Governor of the State Bank on the situation, implementation results, difficulties and problems and propose handling measures.

The relevant units of the State Bank, credit institutions, payment intermediaries shall, based on their functions, tasks and powers, actively organize the implementation of the Plan to ensure the progress of the assigned tasks; regularly check, urge and propose adjustments in time.

This Decision takes effect from the date of signing.