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Building digital treasury

By Thuy Linh/ Huyen Trang

By Thuy Linh/ Huyen Trang

See the author's posts
20:15 | 21/08/2021 Finance Follow english.haiquanonline.com.vn on
VCN – The State Treasury system has focused on building an electronic treasury under the “Strategy for Treasury Development by 2020”. From 2021 to 2030, the State Treasury will enter a new period of developing a digital treasury.
Deputy Minister Do Hoang Anh Tuan: State Treasury needs administrative reform in all aspects Deputy Minister Do Hoang Anh Tuan: State Treasury needs administrative reform in all aspects
Electronic transactions with State Treasury will be easier and more transparent Electronic transactions with State Treasury will be easier and more transparent
Minimise cash transactions via State Treasury system Minimise cash transactions via State Treasury system
The State Treasury is developing plans to form a digital treasury: Photo: Thuy Linh
The State Treasury is developing plans to form a digital treasury: Photo: Thuy Linh

The State Treasury said to build a digital treasury, the State Treasury has run big IT systems such as Online Public Service System, Treasury And Budget Management Information System (TABMIS), E-Banking System; Database System, Treasury’s applications on mobile devices; State Accounting System to summarise and produce state financial statements; State Budget and Government Bond Management System; and other systems to help modernise internal operations.

The key task of the State Treasury in the short run is perfecting existing applications to improve the electronic treasury and make plans for building a digital treasury.

To this end, the State Treasury will connect the online public service system with the TABMIS and the E-Banking System and control investment spending through the treasury. The State Treasury will also launch online public services at level 4 for remaining operations (monthly account balance, State budget spending) and integrated them to the National Public Service Portal.

The State Treasury will integrate the independent interbank payment module into the bilateral electronic payment system; connect payment data gateway with electricity, water and telecommunications providers; connect payroll date gateway with commercial banks where the State Treasury opens payment accounts, and develop facial recognition on several applications serving the control of state budget spending; build a State treasury archive service and connect it with the online public service system and the investment spending control programme.

The State Treasury from 2021 to 2025 will focus on digital database towards boosting data connection with ministries, sectors, central and local agencies; provide services under its charge; share open data; and launch primary services related to data-based risk analysis of operations.

Nearly VND 80 thousand billion deposited on term by State Treasury at bank online Nearly VND 80 thousand billion deposited on term by State Treasury at bank online

From 2026 to 2030, the State Treasury will expand data connection, enhance open data sharing to provide new services; strengthen risk analysis and forecasts based on big data and artificial intelligence technology for a comprehensive digital treasury.

By Thuy Linh/ Huyen Trang
Tags:
treasury digital plans IT

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