Tackling Fraud and Promoting Digital Transformation in Vietnam
Government Leader Demands Thorough Examination of Bank Accounts and SIM Cards to Curtail Digital Scams
In a concerted move to strengthen state management, prevent online fraud, and beef up cybersecurity, Prime Minister Pham Minh Chinh has revved up a nationwide review of bank accounts and mobile SIM cards. This comprehensive initiative, spearheaded by the Ministry of Public Security in collaboration with the Ministry of Science and Technology, the State Bank, and relevant entities, aims to crack down on cybercrime [2][3][4].
Recently, the campaign was brought to the fore during the second meeting of the Government Steering Committee on Science, Technology, Innovation, Digital Transformation, and Project 06. The Prime Minister underscored the significance of simplifying administrative procedures, abolishing onerous regulations, and championing digital transformation [2][3].
Vietnam has made strides in its digital transformation journey, with notable advancements in areas like the proliferation of 5G networks, e-commerce expansion, and increased adoption of non-cash payment methods. The nation now eyes further improvements to its digital infrastructure to remain competitive [2][4].
In response to the growing menace of smuggling, trade fraud, and intellectual property violations, localities have been instructed to set up task forces to restore order. This includes tackling issues such as counterfeit goods and pharmaceuticals [3]. The government is also committed to streamlining administrative procedures, lowering compliance costs, and fostering public-private partnerships to accelerate development [3].
Prime Minister Phạm Minh Chính. - VNA/VNS Photo
The Prime Minister has also stressed the importance of investing in a modern digital infrastructure, including advanced telecommunications satellites and widespread 5G coverage [4]. To finance these ambitious plans, allocating 3% of the total annual state budget expenditure to science, technology, innovation, digital transformation, and administrative reform is being actively pursued [4].
The way forward for Vietnam involves developing its digital infrastructure, raising public awareness, and adopting a transformative mindset. The government intends to lead by example, making bold moves to bolster its digital governance and pave the way for economic growth through digital transformation.
- In alignment with the Prime Minister's focus, the Ministry of Public Security, in tandem with the Ministry of Science and Technology, the State Bank, and relevant entities, is using advanced AI technology to enhance cybersecurity and combat cybercrime.
- Recognizing the potential of technology in business growth, Prime Minister Pham Minh Chinh has proposed setting aside 3% of the annual state budget for science, technology, innovation, digital transformation, and administrative reform.
- With the growing concern over war and trade fraud, the government is prioritizing the use of AI and technology in uncovering smuggling activities, with localities instructed to establish task forces to address counterfeit goods and pharmaceuticals.
- In an effort to support digital transformation, PM Pham Minh Chinh has emphasized the need for simplifying administrative procedures, reducing compliance costs, and promoting public-private partnerships to foster economic growth.
- As Vietnam advances in its digital transformation, the Prime Minister aims to revolutionize digital governance by investing in modern digital infrastructure such as advanced telecommunications satellites and widespread 5G coverage, with the goal of strengthening the nation's position in the global market.
