Prime Minister Pham Minh Chinh speaking at the event. Photo: VOV

According to PM Chinh, who is Chairman of the National Committee for Digital Transformation, the Government expects the banking sector to be the pioneer in national digital transformation and the development of digital economy, digital society and digital citizens.

The Prime Minister said that the Government has chosen the national digital transformation theme for 2024 as "Digital economic development with four pillars of information technology industry, digitalization of economic sectors, digital administration, digital data – A major driving force for rapid and sustainable socio-economic development".

Prime Minister Pham Minh Chinh visits a display of digital transformation applications in the banking sector. Photo: VOV

The Prime Minister pointed out three goals of digital transformation of the banking sector, including creating the most favorable conditions for people, businesses, and administrative units to access to banking services; contributing to reducing costs for people, businesses, administrative units and the banking system itself; and contributing effectively to controlling risks and preventing corruption, negativity, and harassment.

To achieve these goals, the Prime Minister requested the banking sector to go ahead with digital transformation in the spirit of "Five steps forward". They are improving institutions, policy mechanisms, and creating a full legal corridor to expand and diversify banking products and services; developing electronic payment infrastructure, diversifying banking products and services; bosting digital transformation in supporting banking inspection and supervision; developing human resources; and strengthening security and safety in payments and protecting personal data.