On November 3, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1887/QD-NHNN approving of the Banking sector’s Plan to implement the National Strategy on Developing a Digital Economy and Digital Society by 2025, with orientations to 2030 issued by Decision No. 411/QD-TTg dated March 3, 2022 of the Prime Minister.
SBV Headquarters
Accordingly, the Plan is aimed to consistently and effectively implement the tasks of the banking sector as assigned in the National Strategy.
The specific tasks mentioned in the Plan include: (i) developing digital payments through promoting financial inclusion and non-cash payments; (ii) improving the legal frameworks; (iii) developing and promoting the use of digital platforms; (iv) developing digital databases; (v) ensuring information safety and cyber security; (vi) developing digital skills, digital IDs and a digital culture; (vii) developing digital businesses and supporting businesses to implement the digital transformation in the banking sector; and (viii) other tasks and solutions.
The SBV Information Technology Department is assigned to take lead in advising and assisting the SBV Governor in the implementation of the Plan; monitoring the implementation and promptly reporting to the SBV Governor on any emerging situation, the implementation results, the difficulties and obstacles, as well as recommending possible solutions.
The SBV relevant entities, the credit institutions and the payment intermediaries, depending on their functions and responsibilities, are requested to proactively organize the implementation of the Plan.
This Decision took effect from the date of signing.
Le Hang