FPT accompanies public finance digital transformation to support Vietnam’s sustainable development
On May 22, 2025, Mr. Duong Tat Toan – Technology Director of Government Sector of FPT IS, a member of FPT Corporation – joined a high-level seminar titled “Public auditing: insights, best practices & technology application”. The event was co-organized by the Association of Chartered Certified Accountants (ACCA) and the State Audit Office of Vietnam (SAV). At the seminar, FPT experts joined senior leaders from top organizations and businesses to discuss challenges, opportunities, and innovation strategies in public auditing and effective governance.
The high-level seminar on “Public auditing: insights, best practices & technology application” was jointly hosted by ACCA and the State Audit Office of Vietnam.
The event featured the participation of Mr. Bui Quoc Dung – Deputy Auditor General; Mr. Bui Hoang Phuong – Deputy Minister of Science and Technology; Mr. Shantanu Chakraborty – Country Director of ADB Vietnam; Mr. Mike Suffield – Director of Policy & Insights at ACCA; Mr. To Quoc Hung – Country Manager of ACCA Vietnam and Board Member of BritCham Vietnam; along with nearly 200 guests including public sector leaders, experts, and researchers in the audit field.
In his opening remarks, Deputy Auditor General Bui Quoc Dung emphasized that emerging technologies such as AI, big data, robotic process automation (RPA), and blockchain are fundamentally transforming the auditing profession. These innovations not only improve accuracy and efficiency but also make auditing more appealing by freeing professionals from repetitive tasks, enabling them to focus on high-value analytical and advisory roles. Advanced data analytics is becoming an indispensable tool to help auditors assess risks, detect material misstatements, and extract insights from vast unstructured datasets.
However, technology adoption in auditing also presents new challenges: auditors must be equipped with relevant digital knowledge and skills; audit procedures and methodologies must evolve in line with technological advancements; upfront investment costs remain high; and data privacy and security concerns must be carefully addressed.
During the panel discussion “Public Auditing & Governance – Strengthening Capacity for Sustainable Development,” Mr. Duong Tat Toan from FPT IS stated: “Information technology application is now essential to addressing public finance challenges, in alignment with Resolution 57-NQ/TW. However, this requires a synchronized approach across infrastructure, cybersecurity, data, and human capital.”
Mr. Duong Tat Toan speaking at the seminar
On the infrastructure front, limited wide-area networks and constrained computing power previously led to fragmented deployments and sluggish data consolidation. While today’s infrastructure has been significantly upgraded with high bandwidth and processing power, new risks have emerged—especially in information security, data protection, and personal data risks.
Regarding data—the core of any digital platform—numerous issues remain: digital records are still incomplete, many exist in unstructured or paper formats; data quality is inconsistent in terms of accuracy, cleanliness, and timeliness; and datasets are often siloed with limited connectivity or interoperability between units. These challenges are significant barriers to building a modern, transparent, and effective public finance system.
Another pressing challenge lies in human resources. The rapid pace of technological change—especially with Industry 4.0—means that many government staff struggle to keep up, particularly in areas such as data analytics and artificial intelligence (AI) application.
To help address these challenges, FPT experts shared that the company has over 30 years of experience delivering mission-critical IT systems for Vietnam’s Ministry of Finance, including customs, tax, treasury, and securities platforms. Drawing on this expertise, FPT has developed a comprehensive suite of ‘Made by FPT’ digital solutions, ranging from comprehensive document digitization solution (iSOMA), data & digital platform (FPT.dPlat), and FPT.AI Factory, to enterprise blockchain platform (akaChain), and security solutions suite FPT EagleEye (FPT.EagleEye mSOC MDR, FPT.EagleEye VA, and FPT.EagleEye Pentest).
“Resolutions 57-NQ/TW, 193/2025/QH15, and 71/NQ-CP are ushering in breakthrough regulatory frameworks and sandbox mechanisms to fast-track technology adoption across public administration and public finance. Along this journey, FPT is committed to contributing our resources, methodologies, and technological solutions to help Vietnam thrive in the digital era,” Mr. Toan concluded.
