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The banking sector will implement a plan to develop applications of population data, electronic identification and authentication to support national digital transformation for the 2026-30 period, according to the State Bank of Vietnam (SBV)’s newly-issued decision.
Decision 1906/QD-NHNN signed by the SBV Governor Pham Duc An is aimed to promote the digital economy and digital society according to the Politburo's Resolution 57-NQ/TW on identifying science and technology, innovation and national digital transformation as a new momentum for growth.
According to the new decision, the banking sector will focus on streamlining administrative procedures and providing online public services; promoting the digital economy, digital society, and digital citizenship; and expanding infrastructure, connectivity, and data utilisation, while enhancing the application of population data, electronic identification and authentication in banking operations.
By 2030, the sector aims to ensure that all of public services and administrative procedures provide notifications regarding application status and processing results, with results synchronised on VNeID.
The ratio of online public service applications to the total number of public service applications is targeted to reach 90 per cent.
For 2026, the plan targets that all of administrative procedures and public services will allow for ‘non-boundary’ application submission. Citizen and business satisfaction with public services will reach 95 per cent.
The utilisation and application of population data, as well as electronic identification and authentication, are crucial for socio-economic development and national digital transformation.
Therefore, Dung said, the banking sector has placed citizens and businesses at the centre, serving them as the objectives, subjects, resources and driving forces, of the digital transformation process.
All digital solutions, platforms, and services must prioritise convenience, accessibility, and security, thereby enhancing satisfaction among citizens and businesses, he said.
According to Dung, the State plays a leading role in creating a legal framework and an environment conducive to innovation; businesses define practical challenges; and educational institutions and scientists play the role of solving these challenges and developing technologies.
Investment must be directed toward developing modern, secure, and interoperable digital infrastructure that meets national and international technical standards and aligns with emerging technology trends. Priority is given to the research, development and application of modern technologies mastered by Vietnam.
Besides, the exploitation, interconnection, and use of population data must go hand-in-hand with ensuring information security, data confidentiality and personal data protection.
All data usage activities must be transparent and legally compliant, accompanied by the accountability of State agencies, and any violations must be strictly penalised.
- (VNA/VLLF)
