Tapping into the 'gold mine' of digital finance.

Today, digital finance is present in every aspect of life and is changing people's lives in unexpected ways.

Ms. Tuyet Phuong pays by scanning a QR code via bank transfer after buying two glasses of orange juice in Duc Nhuan ward, Ho Chi Minh City - Photo: QUANG DINH

While nearly 10 years ago, the term digital finance was still unfamiliar to many, or they only understood it simply as the application of technology to financial services, today digital finance is present in every aspect of life and is changing people's lives in unexpected ways.

Previously, opening a bank account required bringing documents to the bank, and paying electricity and water bills required paying directly to the bill collector. Now, with just a phone and a banking app, electricity and water bills, service fees, meals are paid, and even cross-border purchases can be made with just a few taps.

Two years ago, the household business kept records of its goods purchases and sales, paid a fixed monthly tax, and paid no attention to invoices, receipts, or input/output data. However, in just over a year, the changes have been dramatic.

The new policy has categorized tax management for household businesses based on revenue, and household businesses must switch to the declaration-based tax payment method.

Consequently, they had to get used to electronic invoices, accounting records, digital signatures, and sales software – all things that were previously completely unfamiliar.

However, digital transformation and digital finance are irreversible trends in all areas of life today and can become a "gold mine" for economic development if exploited properly.

You may also like

South Korea successfully tests tunnel-penetrating missile.TPO - After two consecutive failures, South Korea has successfully tested the Cheonryong air-to-ground cruise missile for the first time, developed to penetrate underground bunkers, with a range of up to 600 km.

Print news, June 30th: Breakthrough in decentralizing teacher recruitment.GD&TĐ - Compilation of the newest and best articles in the print edition of Education and Times, issue 155, June 30, 2026

Young people are moving towards peace.TPO - This September, Vietnam's Level 2 Field Hospital No. 8 (BVDC 2.8) will depart for a United Nations peacekeeping mission in South Sudan. Among them are individuals who have previously traversed the sun-drenched, conflict-ridden lands of East Africa, and others preparing for the furthest journey of their military careers. They share a common aspiration to dedicate their youthful energy to a peace mission.

In recent times, digital finance and digital payments have brought many benefits, such as contributing to the promotion of modern consumption and stimulating trade and services, opening up many new opportunities for various industries.

In the context of the government promoting the digital economy as a new growth engine, expanding digital payments also contributes to completing the e-commerce ecosystem, creating conditions for Vietnamese businesses to access a larger market.

More importantly, the use of digital payments will facilitate transactions and enhance the transparency of the economy.

Digitizing transaction data helps improve management efficiency, reduce social costs, support tax administration, prevent fraud, and build a healthier business environment.

However, on the other hand, ensuring that people can make payments safely is a matter that needs serious attention.

Recently, the State Bank of Vietnam has issued a series of new regulations on customer verification and account management to enhance the security of digital payments and prevent the use of "ghost" accounts for fraud and scams.

Notably, the requirements include customer identification, enhanced biometric verification through chip-embedded citizen ID cards and the VNeID application to accurately verify users when opening accounts.

The State Bank of Vietnam is also coordinating with the Ministry of Public Security to utilize population data, chip-embedded citizen identification cards, and the VNeID application to clean up customer data and prevent impersonation and the use of forged documents to open accounts for illegal purposes.

United States - Vietnam: Don't miss

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

Encourage U.S. businesses to expand investment in high-tech sectors.Deputy Prime Minister Ho Quoc Dung said that Vietnam welcomes US businesses to continue expanding their operations in Vietnam, especially in high-tech industries and sectors with high added value.

Vietnam and the United States strengthen cooperation in addressing the consequences of war.VTV.vn - On June 22, General Secretary and President To Lam received Acting Secretary of the US Navy Hung Cao.

However, criminals still exploit loopholes to carry out fraudulent transactions. This loophole needs to be closed in order to build a digital financial ecosystem that is not only modern but also safe for all citizens and businesses.

Therefore, we have reason to expect that digital finance will unlock a "gold mine" to boost economic growth in the coming period.

Back to the topic

PINK LIGHT

Source: https://tuoitre.vn/khai-thac-mo-vang-tai-chinh-so-20260606081015892.htm