February 27, 2024

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Majority of Vietnamese Firms Register to Use E-Invoices

Over 92%, or 764,314, Vietnamese firms have registered to convert to using electronic invoices (e-invoices), according to the Deputy Head of the General Department of Taxation. Additionally, more than 52,770 business households and individuals nationwide have opted for e-invoices, a recent report stated.

The promotion of e-invoices is a key task of the tax sector in its attempt to digitally transform businesses, financial agencies, and state departments. The work will contribute to automating public and private services and management and organisation methods to reform administrative procedures, reduce costs, increase business productivity, and support e-commerce growth.

Vietnam launched its national e-invoice system in April and the government had said it targets having all businesses using e-invoices by the end of June. The project aimed to create an equal, transparent, and favourable business environment for people and enterprises, improving labour productivity and helping carry out the national digital transformation strategy.

In 2020, the Prime Minister approved the national digital transformation programme. Under it, departments and agencies will create and deploy technology-enabled solutions to deliver high-quality services, support efficient decision-making, formulate better policies, optimise resources, and aid socio-economic development. To this end, the government has developed several platforms and mobile applications, similar to the e-invoice system.

In March, the Ho Chi Minh City Municipal Department of Information and Communications officially put its digital transformation portal into operation. With modern, simple, and assessable user interface, the portal offers an overview of the city’s related plans, digital progress, news, and cooperation activities. The site also features a multi-media library. Through the portal, city leaders can receive ideas, suggestions, and plans from local residents, organisations, and businesses. City officials and civil servants can promptly systematise and adjust the municipal digital transformation documents, programmes, and projects.

The Department had also created a plan to develop artificial intelligence (AI) applications in public administration, transport, healthcare, banking, and industries. Under the plan, a database of all sectors will be shared among all the city’s administrative departments. Authorities are focussing on improving human resources through AI education and training and enhancing academic connections with foreign AI professionals.

Soon after this, Ha Long City deployed a smart app where citizens and businesses can contact authorities to report problems, access online public services, and seek routes to departmental headquarters, tourist attractions, hotels, educational institutes, and healthcare facilities. It also provides the latest news and information published by local administrations and media outlets.

As of April, the app recorded more than 33,000 downloads and registered over 800 accounts. Contact details for health stations (from the grassroots to provincial levels) have been made available so people can access COVID-19 treatment and advice quicker and more easily. As reported by OpenGov Asia, the application is part of the city’s intelligent operations centre (IOC), so all public opinions uploaded on the app will be sent to the centre and then to the concerned agencies. When the agency has addressed a grievance, the settlement results will be publicised for users to check and assess state agencies’ performance.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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