The application of Information and Communication Technology (ICT) in Vietnam's finance sector, and solutions, policies and orientations on developing its finance services are the main topics of the international conference and an exhibition named Vietnam ICT in Finance 2007 kicking off in Hanoi Thursday.
"The government has defined a development model for the finance sector, which is based on advanced ICT. The sector has already applied ICT in such areas as customs, taxation and public services," Vietnamese Deputy Minister of Finance Nguyen Cong Nghiep said at the conference and exhibition.
The government should have more effective policies on developing its financial market, especially the bond market, Noritaka Akamatsu, Lead Financial Economist of the World Bank, said at the two-day event, noting that Vietnam's State Securities Commission and the Ho Chi Minh City Stock Exchange should improve its operation mechanism, human resources and infrastructure.
Some 4,000 foreign and local officials, experts, entrepreneurs and visitors are expected to participate in the conference and exhibition.
Over 40 speakers are to highlight the ICT application in the local finance sector, challenges faced by it, and solutions of major information technology companies, centering on such topics as ICT applications in electronic taxation management, customs, stock market supervision, development trends of finance services, financial budget database, and security for the sector.
Besides the conference, there is a panel discussion on hot issues of the local bourse among foreign and local managers and experts from such Vietnamese entities as the State Securities Commission, the General Department of Taxation, the General Department of Customs, the Ho Chi Minh City Stock Exchange, and financial institutions.
The event is organized by the Department of Financial Informatics and Statistics under the Vietnamese Finance Ministry and International Data Group, the world's leading technology media, events and research company.
Source: Xinhua
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