National financial supervision with technological solutions

“Strengthening National Financial Supervision: Policy and Technology Solutions” is the theme of Vietnam Finance 10 Conference and Exhibition.

The 10th Vietnam Finance Conference and Exhibition with the theme“Strengthening National Financial Supervision: Policy and Technology Solutions”.The event is expected to provide a comprehensive view of the current situation of national financial supervision, as well as the issues and development orientation of this activity for the financial sector to meet the requirements of enhancing national financial stability and promoting economic development.

According to economic and financial experts, the choice of building and developing a financial monitoring system (FSMS) is to optimize financial promotion. In the world, there are many different trends in financial monitoring system models, Vietnam is also facing many different opinions on moving towards building a unified GSMS system or continuing to improve and enhance the capacity of the current functional GSMS system.

Recently, there have been many discussions with the majority of opinions supporting the restructuring of the Vietnamese GSTC system to become more unified in order to better fulfill the tasks of the GSTC system for a small but highly concentrated financial market with a rapid growth rate. This issue is currently receiving much attention from government agencies and financial experts, because of its decisive role in optimizing the functions of GSTC for the financial market.

Considered as an important strategy in improving the operation of the unified GSTC system, policy innovation and IT application in the Vietnamese Finance industry will be discussed at this Vietnam Finance Conference and Exhibition. With the theme“Strengthening National Financial Supervision: Policy and Technology Solutions”,The workshop will present possibilities and ideas for developing a unified GSTC system through sharing from speakers who are representatives of the Government from relevant Ministries and sectors and experts from major technology corporations in the world. The workshop program includes 01 plenary session, 02 thematic sessions and in-depth discussions.

In parallel with the seminar program, the Vietnam Finance exhibition is an opportunity for leading technology experts from corporations to introduce modern applications to improve the efficiency of financial supervision and for government agencies to introduce information technology systems being applied such as electronic tax systems, electronic customs systems, etc. to interact two-way with businesses, drawing on experiences to improve the efficiency of IT application in administrative procedures.

At the press conference on the afternoon of August 12, Mr. Dang Duc Mai, Director of the Department of Information Technology and Financial Statistics, said that the Workshop focused on finding and discussing related issues, in which the topic of GSTC is an orientation in the Vietnam financial development strategy until 2020, monitoring public debt safety, building early warning information data, preventing risks... In addition, the Workshop focused on electronic financial services on a wide scale, reviewing the in-depth orientation assessments of managers, financial experts, and information technology experts to optimize the effectiveness of IT-based modernization projects towards sustainable development for the national financial system. The results achieved after the Workshop will be an information channel for the Ministry of Finance to have advanced technology policy solutions to build an effective national financial monitoring system, towards developing electronic finance by 2015.

Mr. Vu Nhu Thang - Director of the Institute of Strategy and Financial Policy said that the topic of national financial supervision is one of the contents of the Financial Sector Development Strategy to 2020 approved by the Prime Minister with the goal of building a healthy national financial system. This is a consistent goal throughout the development process because a national financial system that does not ensure good work requirements and political tasks will find it difficult to succeed in socio-economic development. Therefore, the strategic goal over the periods remains the same, focusing on ensuring national financial security./.

According to vov.vn - LT