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Digital revolution: Pioneers are shaping the future of administrative processes
On May 13, 2025, the National Assembly of Vietnam will discuss investments to promote digital transformation and increase efficiency.
Digital revolution: Pioneers are shaping the future of administrative processes
A landmark draft law on state capital management and business investment was drafted in a meeting chaired by Nguyen Duc Hai, deputy chairman of the National Assembly. The draft aims to institutionalize party policies, particularly regarding scientific and technological development and national digital transformation. This project is seen as crucial to improving the efficiency of public investments.
Delegate Nguyen Thi Thu Ha advocated a provision in Article 18 that allows companies to lend capital to subsidiaries that hold more than 50% of the charter capital. This would ensure that individual loans do not exceed 50% of equity and the total value of the loans does not exceed the actual capital contributed. This arrangement could enable companies to make proactive decisions about sources of capital and interest rates on loans.
Demands for more clarity and adjustments
Furthermore, delegate Nguyen Cong Van suggested more clarity in Clause 2, Article 29. He recommended defining more clearly the terms “above 50% equity” or “below 50% equity” and creating a mechanism that allows profits to be reinvested in strategic areas. This could help companies plan more specifically for their future.
Strategic investments and digital transformation
The discussion on the distribution of profits, as provided for in Article 25, has also been controversial. Delegate Trinh Xuan An said that the criterion “degree of fulfillment of national tasks” was unclear and suggested that it be deleted. At the same time, delegate Pham Van Hoa called for priority for development investment funds to allow companies to retain profits in special cases, which would be particularly important for research projects.
Another important aspect is digital transformation in the public sector. According to Deloitte, more and more business leaders are recognizing the importance of technological solutions to improve efficiency without compromising service quality. Citizens are demanding better and easier access to public services, which will be promoted through digital initiatives. An example would be the introduction of user-friendly interfaces, such as those offered by the ServiceNow platform. These developments are designed to improve access to government services.
In summary, it is clear that the upcoming draft laws and digital transformation in the public sector are closely linked. It is evident that modern technologies play a key role in creating a more just and inclusive society. The desired optimization of administrative processes through digitalization could not only increase efficiency, but also significantly improve the citizen experience.
Overall, the discussion about the draft laws and digital transformation shows how important it is to create clear regulations and effectively use modern technologies to meet the needs of citizens while ensuring economic efficiency. While the draft laws aim to consolidate the institutional basis for investment, digital transformation provides the necessary basis to revolutionize access to public services.