To receive this gift, citizens will need to link their bank accounts to their social security accounts on the VneID app. Consequently, those who successfully link their accounts will promptly receive the money transferred to their accounts without having to queue up to collect cash locally.
This is not just about cash handouts; it’s a significant step towards bringing tens of millions of people into the national digital ecosystem, where identities are authenticated and transactions can be transparent and swift.
It’s also a small step in a much larger journey: the journey towards building a prosperous digital Vietnam, or E-Vietnam.
While this may seem like a distant dream, let’s look at a small country in Europe called Estonia. With a population of only 1.3 million, Estonia made a remarkable leap from a GDP per capita of $3,000 in 2000 to $30,100 in 2023 through their aggressive digital strategy, E-Estonia.
Estonia’s achievements are impressive: 100% online public services available 24/7, business registration taking only 3 hours, 99% of bank transactions conducted online, and 98% of tax declarations completed in just 3 minutes. Their digitalization efforts save them 2% of GDP annually just by reducing red tape. And notably, they boast the world’s highest number of unicorn startups (valued at over $1 billion) per capita.
Estonia’s story is not a fantasy; it’s a testament to the incredible power of digital transformation. And it begs the question: Can Vietnam achieve something similar? What factors do we have in our favor to turn the vision of E-Vietnam into a reality?
On September 9, the financial and economic news channel CafeF, a subsidiary of VCCORP, organized a seminar titled “Seizing Opportunities from Digital Transformation: Pioneering Stories from the VNeID App and the Finance and Banking Sector” to answer these questions.
The seminar featured distinguished guests: Dr. Tran Dinh Thien, former Director of the Vietnam Institute of Economics and a member of the Government Policy Advisory Group; Mr. Nguyen Hung, CEO of TPBank; and Mr. Hoang Trung Hai, Deputy General Director of Consulting, Financial Services, and Banking at EY Vietnam Consulting Company.
The event provided a platform for honest and open discussions about “real people and real stories.” It delved into the story of VneID, which is not just an application but a way to reshape the relationship between citizens and the state. It also explored the digital transformation in the finance and banking sector, an industry that has not only led the way, reaped quick successes, but also guided other sectors in Vietnam’s digital journey.
Additionally, TPBank’s story offers a profound insight into Vietnam’s potential. Over a decade ago, TPBank was a small bank under special control. How did they turn things around to become a model for efficient digital-based business, serving tens of millions of customers?
TPBank’s success raises an even bigger question: If a bank that faced significant challenges could rise through digital transformation, can Vietnam, starting as a developing country, achieve a similar miracle as Estonia?
The seminar provided a platform for frank and open discussions to find a path for Vietnamese businesses to truly “soar” in the digital age. It also included a special ceremony to honor the largest tax-paying enterprises in 2024, recognizing their significant contributions to the state budget and the country’s development.
As part of the event, a ceremony to honor the top tax-paying enterprises in 2024 will be held. This is a special occasion to acknowledge the tremendous contributions of the business community to the state budget and the country’s development. The PRIVATE 100 and VNTAX 200 lists are the only comprehensive rankings that reflect enterprises’ tax contributions across all economic sectors. The top 200 tax-paying enterprises in the VNTAX 200 list contributed nearly VND 800,000 billion to the state budget in 2024 – an increase of over VND 110,000 billion from the previous year and equivalent to 40% of the total state budget revenue. The private sector also showed robust growth, with the top 100 PRIVATE 100 enterprises paying nearly VND 245,000 billion in taxes, including four units paying over VND 10,000 billion.
The 2025 Top Tax-Contributing Enterprises Awards: Recognizing Businesses Contributing Hundreds of Thousands of Billions
The 2025 Top Tax-Contributing Enterprises Recognition Ceremony was a resounding success, celebrating the immense contributions of leading businesses to the nation’s economic growth. The event not only honored these economic powerhouses but also served as a platform for discussing opportunities and challenges amidst the powerful digital transformation wave.
The Digital Revolution: Pinetree’s Comprehensive Strategy to Stay Ahead in the Evolving Financial Landscape
With its foundation in the Korean-standard Core system, comprehensive ecosystem, relentless innovation, and diverse information systems, Pinetree is spearheading the digital transformation in Vietnam’s securities industry. The company is ushering in a new era, offering investors access to a modern, secure, and efficient platform.
Prime Minister: Boosting Supply and Combating Speculation to Stabilize the Gold Market
“At the meeting on September 7, Prime Minister Pham Minh Chinh instructed the State Bank of Vietnam to immediately research and implement solutions to increase the supply of gold and balance its supply and demand dynamics. He also emphasized the need to curb speculation, smuggling, and policy exploitation in the gold market.”
The Great Resignation: A Record-Breaking 80,000 Workers Receive Benefits Under Decree 178
“According to Minister of Home Affairs, Pham Thi Thanh Tra, out of over 106,000 cases of resignation under Decree 178/2024, nearly 80,000 individuals have received their settlement payments. The remaining cases await their final settlement.”
Scrutinizing Almost 50 Million Land Plots Nationwide
Over the course of 90 days, from September 1st to November 30th, 2025, a nationwide campaign will be launched to enrich and cleanse the national land database. This initiative is considered a pivotal task and a foundational step towards building a digital government, promoting transparent, efficient, and modern land governance.
