Party Building

Maintain the ideology, bring the banking industry to the forefront of the digital revolution

Ngo Minh Hoang - Hoang Yen • DNUM_CIZAFZCACF 17:13

Faced with the opportunities and challenges of the Fourth Industrial Revolution, firmly protecting the Party's ideological foundation in the banking industry - the lifeblood of the economy

Ngo Minh Hoang - Hoang Yen

NEW CONTEXT, NEW MISSION

The WORLD is constantly moving in the Fourth Industrial Revolution. Our country is facing great opportunities to rise up, but also many challenges. In that context, the Party's ideological foundation - Marxism-Leninism, Ho Chi Minh Thought - is the lighthouse that guides the way, the compass for all actions, helping us to firmly set goals and move forward steadily.

The banking sector, as the “bloodline” of the economy, is at the forefront of innovation and integration, especially in the process of national digital transformation. This is not only a technological revolution but also an important field in protecting and promoting the Party’s ideological foundation. Hostile and reactionary forces always seek to exploit cyberspace, using distorted arguments and sophisticated tricks to shake trust and hinder our development path.

THE PARTY'S STRATEGIC POLICY LEADS THE WAY FOR BANKING INDUSTRY INNOVATION

Deeply aware of the requirements of the times, our Party has issuedstrategic decision of historical significance, demonstrating vision and strong political will.

• Resolution 35-NQ/TWThe Politburo emphasized the important task of strengthening the protection of the Party's ideological foundation and resolutely fighting against erroneous and hostile viewpoints.
• Special,Resolution No. 52-NQ/TWThe Politburo's Resolution on proactively participating in the Fourth Industrial Revolution has opened up a strategic direction, identifyingDigital transformation is the inevitable path, an important driving forcefor the country to develop rapidly and sustainably. The banking sector is entrusted by the Party with the mission of being one of the key breakthroughs.

These resolutions, together with Conclusion 01-KL/TW, Conclusion 21-KL/TW and Regulation 144-QD/TW, have created asolid ideological and political framework, arousing the spirit of innovation, creativity and sense of responsibility throughout the industry.

Maintaining the Party's ideological foundation in the banking industry at this time is to ensure that the digital revolution follows the socialist direction, practically serving the interests of the nation, people and the people. It is also a constant and continuous struggle to prevent and repel manifestations of "self-evolution" and "self-transformation", keeping the banking industry clean and strong.

STATE BANK PLAYS A LEADING ROLE, STABLE IN GOAL ON IDEOLOGICAL AND DIGITAL TRANSFORMATION FRONT

Under the leadership of the Party, the State Bank of Vietnam (SBV) has clearly demonstrated its central role, both steadfastly protecting its ideological stronghold and proactively and creatively leading the entire industry into the digital age.

The Party Committee of the Central Bank and the Party Executive Committee of the State Bank always determine:Protecting the Party's ideological foundation is a continuous task, digital transformation is an urgent requirement.The State Bank has quickly institutionalized Resolution 52-NQ/TW byDigital transformation plan for the banking industry by 2025, with a vision to 2030 (Decision 810/QD-NHNN)This is a comprehensive action plan, demonstrating high political determination, calling on the entire industry to join hands and unite.

The SBV has systematically implemented political and ideological work, closely linked to raising awareness of the digital revolution. Every cadre and party member in the banking sector understands that digital transformation is not only about technology, but also aboutpolitical responsibility is an opportunity to improve the capacity to serve the country and the people.The State Bank has been creating an increasingly complete legal corridor, creating conditions for innovation, while strengthening management, supervision, and ensuring security and safety for monetary and banking activities.

VIETCOMBANK - A PROGRESSIVE EXAMPLE

In the emulation movement of the banking industry, Vietcombank emerged as aadvanced model, a living prooffor thoroughly grasping the Party's guiding ideology and achieving outstanding achievements on the digital transformation front.

• Strong Party - The foundation of all success:
• Vietcombank's Party Committee always identifies Party building and protecting the ideological foundation as the top priority. The 6 consecutive years of achievements being assessed by the Central Business Bloc Party Committee as "Excellently completing the task" is a worthy recognition for a united, intelligent, and unified collective. This solid ideological foundation has created endogenous strength, helping Vietcombank confidently innovate and successfully carry out important transformations.
• Digital transformation - Pioneering and effective steps:
  Vietcombank has acted decisively and with vision. Thousands of billions of VND have been invested in technology and digital infrastructure, bringing impressive results:

• VCB Digibankhas become a familiar, trusted application for more than 12 million customers, with hundreds of millions of transactions per month - numbers that affirm its leading position.

• VCB DigiBizis effectively accompanying and supporting tens of thousands of small and medium enterprises on the path of development.

• The application of AI and Big Data is helping Vietcombank increasingly understand customers, improve service quality and management capacity.

VIETCOMBANK TRADING OFFICE BRANCH HIGHLIGHTS

As a key branch, Vietcombank Transaction Office (SGD) has clearly demonstrated its pioneering spirit and leadership in applying digital technology:

• Process Modernization:The new Core Banking system and specialized electronic transaction platforms have helped SGD process transactions quickly, accurately, and safely, bringing satisfaction to large customers and financial institutions.

• "Tailor-made" digital solutions:VCB CashUp systems, API connections... are evidence of efforts to provide optimal financial solutions, suitable for the specific needs of each business.

• People are the deciding factor:Vietcombank SGD pays special attention to training, fostering and building a team of staff with the ability to master technology, have clear professional ethics and strong political will.

• Vietcombank Culture - The blend of Party ideology and aspirations to rise up:
  Five core values"Trust - Standards - Willingness to innovate - Sustainability - Humanity"imbued in every cadre and party member. It is trust in the Party's guidelines, revolutionary ethical standards, the spirit of constant innovation, the aspiration for sustainable development and a humane heart.

Practice at Vietcombank, especially at the Transaction Office, has confirmed:Wherever the Party's ideology is deeply imbued, there is solidarity, innovation, creativity and sustainable success.

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Wherever the Party's ideology is deeply imbued, there is solidarity, innovation and creativity.
and have lasting success.

OVERCOME CHALLENGES, STAND OUT ON GOALS, CONTINUE TO GROW

The road ahead is still full of challenges. The more the digital revolution develops, the more complex the ideological issues become. Hostile forces have not given up their sabotage plots. The challenges of network security and data security are enormous. The risk of "self-evolution" and "self-transformation" is always latent.

Faced with that situation, we need to:

• Further enhance political awareness and capacity:Every cadre and party member in the banking sector must constantly cultivate, train, and improve their resistance to false and harmful information.
• Continue to improve institutions and strengthen management:The State Bank maintains its role in guiding, creating and ensuring a healthy and safe development environment.
• Building a team of "both red and professional" cadres in the digital field:Focus on training and fostering to have a new generation of banking staff who are both good at expertise and technology, have pure ethics, and are loyal to the Party's ideals.
• Take safety and security as the top priority:Continuously invest in security, protection of assets and information of people and businesses.
• Promoting inclusive digital finance:Bringing modern banking services to all people, contributing to narrowing the development gap.
• Strengthening the Party's inspection and supervision work:Maintain discipline, order, and resolutely fight against all negative manifestations and corruption.

FAITH AND DESIRE

Protecting the Party's ideological foundation in the banking industry, especially in the digital transformation period, is a glorious but also responsible mission. With the wise leadership of the Communist Party of Vietnam, with the right strategic decisions, with the solidarity, consensus and continuous efforts of the entire banking industry, we have full confidence in a bright future.

The Vietnamese banking industry pledges to maintain its ideological fortress, continue to be the vanguard force in the digital revolution, and always be the lifeblood of the economy, contributing to building a socialist Vietnam that is “more dignified and more beautiful” as beloved Uncle Ho always wished. All for a prosperous and happy Vietnam! Firmly moving forward under the glorious flag of the Party!