The thirth international conference on finance and accounting for the promotion of sustainable development in private sector(FASPS 3) international conference 2021 volume 1

THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE DEVELOPMENT IN PRIVATE SECTOR”, (FASPS-3) ACADEMY OF FINANCE, University of Finance - Marketing, Institute of Financial Training, University of Finance and Accountancy, THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE DEVELOPMENT IN PRIVATE SECTOR”, (FASPS-3) FINANCE PUBLISHING HOUSE ACADEMY OF FINANCE The Academy of Finance (AOF) is a a public and research-oriented university, subordinated to the Ministry of Finance, Vietnam The AOF was officially established under Decision No 120/2001/ QD-TTg dated August 17th, 2001 of the Prime Minister by integrating the Hanoi University of Finance and Accounting (founded in 1963), the Finance Research Institution (founded in 1961) and the Financial Training Center (founded in 1995) The main site of the Academy of Finance is located in Hanoi The mission of Academy of Finance is to provide expertise in research and training of professional finance and accounting to the society, the missionhas been defined for our 55-year history with outstanding achievementsand contributions branded by our lecturers, researchers and students The AOF established self-evaluation council since 2006 according toregulations of MOET Vietnam This council significantly helped improve the academic performance, and in April 2016, AOF was accredited by Center for Education Accreditation (CEA) – Association of Vietnam Universities and Colleges (AVUC) The accreditation result was published according to the Decision 10/QD-KDCLGD dated February 20th, 2017 of AVUC ranking AOF in top best universities in Vietnam The Academy of Finance offer a high quality of training and research through14faculties: Fundamental Sciences, Political theories, Public Finance, Tax and Customs, Corporate Finance, Banking and Insurance, International Finance, Accounting, Business administration, economic Information Languages, Economics, Master and Doctoral training, Part-time training, two centers: Center for Languages and Informatics Training, Information Technology Center, research institutes: Institute for International Finance Education (IIFE) and Institute of Economics and Finance and 13 support divisions AOF offers a rich training programs included ordinary undergraduate/graduate programs spread in 06 academic majors: Finance and Banking, Accounting and Auditing, Business Administration, Management Information, Economic and Financial English, Economics The AOF also offer to international and Vietnamese students with different choices partially/totally taught in English such as High Advanced Program or Dual Degree Programme (DDP - a Joint Training Progamme between the Academy of Finance (Institute of International Finance Education) and the University of Greenwich (UK) Throughout its history, AOF’s qualified scientists and lecturers have been supporting more than 85,000 students including 5,000 mastersand 300 doctors and additionally 500 international students for Laosand Cambodia in the last 55 years Significantly, a large number of AOF’sgraduates are leaders of the Government, ministries, local authoritiesand businesses The academy has also been recognized for conducting thousands of valuable research projects for the policy makers in economic development of the State The rich tradition and custom makes AOFunique among the other universities and colleges in Vietnam and attractsthousands of learners to study at the academy annually THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE The valuable contributions of AOF to the development of the State in training and doing research has been respected publicly, the academy has been recognized with national unique awards Many AOF alumni are key people in the Government and Local Administrations In the process of globalization and the advent of the Industry 4.0, the AOF Management Board sets out following major development directions: - Intensively develop training and research performance, maximize the core values to adapt to the emerging demands of the intellectual economy and the Industry 4.0 - Diversify training courses, renovate academic management measures, improve the professional capacity, and improve self-study spirit with creativity and experience - Improve the research capacity in the manner that harmonizes fundamental studies with applied studies Actively and comprehensively integrate into regionalization and globalization process regarding training, capacity building and research activities - Conduct academic management reform in close relation with financial autonomy and social accountability, create a new academic environment with high openness, creativity and internationalism, continuously attract excellent staffs and scholars to work and research at AOF THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE UNIVERSITY OF FINANCE – MARKETING University of Finance - Marketing (UFM) is a public higher education institution governed by the Ministry of Finance, having the right to autonomy and self-responsibility of a non-business unit The forerunner of the University of Finance - Marketing is the Central School of Pricing Officers in the South, established under the Decision No 210/VGNNTCDT dated September 1, 1976 by the State Pricing Commission It then became a Vocational School before turning into a college and a university as it is today UFM has undergone 45 years of establishment and development as a highly-ranked institution in the higher education system of Vietnam with a scale of nearly 20,000 students and campuses in Ho Chi Minh City The University trains human resources meeting national and regional standards, transfers scientific achievements in the field of business and management, and participates in strategic and policy planning for the Finance sector, for businesses and social organizations Through the development process, the faculty and staff of UFM have grown exponentially in quantity and quality Currently, the University offers both undergraduate and postgraduate programs via various training modes full-time and part-time in 14 majors: Business Administration, Marketing, Real Estate, International Business, Finance – Banking, Restaurant and Catering Management, Hotel Management, Tourism and Travel Service Management, Management Information System, Accounting, Economics, Economic Law, Mathematics Economics and English Language In addition to conducting mass regular programs, the University also implements high-quality, special, international, and international cooperation programs Over 45 years of establishment and development, UFM has been training and provide high-quality human resources for the society to meet the needs of national construction and development During the 2015-2020 period, UFM’s staff has carried out 01 state-level research project, 21 ministerial/provincial level projects and 115 university-level projects The number of projects at all levels implemented over the years has been gradually increasing in both quality and quantity The number of articles written by the faculty is 1046 Among them, there are 838 articles published in domestic journals, 150 articles in international journals on the Scopus/ISI list and 58 articles in international journals with ISSN indices Furthermore, from 2017 until now, the University has organized annual international conferences, creating a forum for lecturers and researchers to exchange ideas, approach scientific issues, and new research methods domestically and internationally UFM’s international cooperation has made great progress The University conducts cooperation programs for undergraduate and Master’s students with Help University, UCSI University in Malaysia, Thompson Rivers THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE University in Canada and also implements PhD programs in association with UCSI University, Malaysia In addition to training cooperation, UFM has signed several cooperation agreements on student exchange and scientific research with various universities around the world The University of Finance - Marketing aims to become a leading academic institution for undergraduate and graduate programs, a center for scientific and technological research in the country and a prestigious institution in the region in the fields of economics, finance, management, marketing, appraisal, tourism ; having a rational structure and training mode in association with building a learning society, ensuring conditions for raising the training quality while combining traditional and modern values, maintaining the socialist orientation and bearing the national identity By 2025, UFM will have become an application-oriented university accredited by the Ministry of Education and Training when some of its training programs will meet the quality standards of the ASEAN University Network (AUN-QA) By the year 2030, the University will attain the level of a state-of-the-art university in Southeast Asia THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE UNIVERSITY OF FINANCE AND ACCOUNTANCY Belonging to the Ministry of Finance, University of Finance and Accountancy (UFA) is an undergraduate and postgraduate training institution Its mission is training, fostering, providing learners with quality training programs with application orientation in the fields of business, administration and law; it also carries out scientific researches and transfers these scientific research results into practice; contributing to human resource and community development, serving the socio-economic development of the Central Highlands provinces, the whole country and the Central provinces of Lao People’s Democratic Republic in the context of global economy integration With the main campus in Quang Ngai province and a branch in Thua Thien Hue province, the training scale of the University is increasing day by day In the field of undergraduate training, the University is specialized in Accounting, Auditing, Economic Law, Finance - Banking, Business Administration, International Business In the field of postgraduate training, the University is specialized in Finance and Banking at Master level Along with improving the quality of professional skills, the University devotes a great deal of effort in connecting with businesses to create jobs for graduate students; creating an environment for students to practice essential skills through yearly activities of the Youth Union, the Student’s Association, professional academic competitions, clubs, etc Many remarkable achievements have been obtained by UFA students in recent years: 02 “January Star” Awards, 01 First Prize in “Olympic English for Students in Quang Ngai Province”, 01 Consolation Prize in the national final round of the contest “Students with Financial Management Skills 2019”, 01 Third Prize and 01 Consolation Prize at the contest “Startup Ideas” in Quang Ngai province, Top 20 “National Student Leader Contest”, etc With a long history of over 45 years of construction and development (1976-2021), the University has trained and fostered nearly 60 thousand students with practical knowledge and skills sought by employers Many students of the University have been affirming their contribution to the financial system in the Central and Central Highlands region as well as in Vietnam The University has received a large number of noble awards from the Vietnamese State This is the recognition of the social community for the quality and the University’s brand with its identity: “Quality - Friendliness Creation - Integration” 10 THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE INSTITUTE OF FINANCIAL TRAINING The Institute of Financial Training (IFT) under the Ministry of Finance was established by the Prime Minister in 2006 The Institute is not only responsible for training civil servants in accordance to professional standard, but also contributes to socio-economic solution Hence, the school helps to develop and plan strategies and policies for the financial sector The IFT has built a reputation for its intensive training programs, which are tied to the country’s current economic and financial management practices, the application of information technology, and the trend of globalization Training at IFT improve ones’ knowledge, qualifications and skills in order to become managers and higher professional - level officials They are equipped to serve up to high professional standards, to become experts in economics and finance, and lastly, to be professional, diligent, intelligent and flexible civil servants, who meet the requirements of the country’s economic development in this period of industrialization, modernization and international economic integration On average, IFT has trained over 10,000 students in the financial sector with over 200 different classes annually IFT is known as the largest and most prestigious institute in the country in terms of providing training, retraining, financial and accounting consulting services to the society 1042 THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE bonuses, collective welfare, employment support because almost all expenses for individuals are paid by SAV via bank account in the period before the 10th of every month, After the Accounting Department transfers money to individuals, the file named “Monthly Income Statement” will be the source for individuals to compare, review and give feedback if there are errors However, these payments are usually fixed on a monthly basis, if there is no change in salary or rank increase, the management of these expenses is considered to be quite effective/appropriate - Regarding 11/25 items with the average score is less than 3.00 points, especifically, the score from 2.03 to 2.90 is still “less effective/appropriate” that needs to be improved, these expenditures are mainly in the group of expenditures on goods and services; These are contents with diverse beneficiaries, regulations on payment records are also more complicated, so the management is also more difficult Among these effective/appropriate items, there are expenditure items with the lowest average score below 2.50, including: Payment for electricity and water bills; Payment for phone, internet; Stationery expenses and Payment of travel expenses The effective and economical management of these expenditures depends not only on the management method of the State Audit of VN but also on the sense of thrift of each implementing officer The assessment status of the surveyed staff is also consistent with the reported data These expenditures have not shown any signs of decrease in recent years, but have increased slightly over the years Therefore, in the coming time, it is necessary to develop a plan and widely deploy an action program on thrift practice and waste prevention at the office 4.3 Achieved Results, Limitations and Causes a) Achieved Results - The change from Budget allocation according to Expense to Budget allocation according to Estimate, from assigning detailed cost estimates by item to assigning cost estimates by item group, etc was conducted Thereby, there was a drastic reform of procedures of administration in the process of allocating estimates, saving time and effort for level I estimate agencies Meanwhile, agencies are also soon allocated and assigned as estimates to actively spend from the first days of the Budget year - Administrative processes, methods and procedures in the stages from making estimates to implementing estimates and finalization of the State Budget have been improved, minimizing administrative procedures and unnecessary affairs, saving time and cost of State Budget management, but still ensure the requirements of State Budget management and administration State Budget management and control; Inspection and audit have been strengthened and focused, so it has gradually improved financial discipline in the management of the State Budget - Level III estimating agencies have basically complied with current regulations on financial management and use All expenditures are strictly adhered to the Internal Expenditure Regulations and strictly adhere to the financial autonomy and administrative management Budget, so they have greatly contributed to saving money resource for setting up welfare fund and additional income Thereby, it has improved the material life and promptly encouraged cadres, civil servants, public employees in the agencies under SAV to successfully complete their assigned tasks THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE 1043 - The accounting department has strictly managed the recurrent expenditures, limited the arising expenses and ensured the saving of recurrent expenditures by 10% according to the regulations of the Government and the Ministry of Finance, which helps to create a reserve Budget for activities arising during the year; actively reduce or delay the implementation time for procurement expenditures to replace equipment and cars, stop implementation and cancel the procurement and repair costs already arranged in the estimates of the agencies but has not approved the Budget; strictly manage travel expenses, aircraft expenses, travel expenses of audit teams because business trips are a special task of SAV b) Limitations and causes Although the regime of controlling State Budget expenditures has been strictly implemented through the State Treasury, due to the large volume of documents, especially documents for human expenses, business trip expenses, procurement expenses, and office expenses So, it is inevitable that the set of documents is still incomplete and unclear Regarding the recurrent expenditure of the State Audit, the annual expenditure for individuals’ accounts for the largest proportion, in the period 2016-2020, the expenditure for individuals’ accounts for 48%-52% of the total recurrent expenditure and relatively stable Expenditures for individuals are salaries, allowances, extra income, allowances The expenditure of these items was clear and paid by transferring to the staff’s personal bank account, officials, employees Therefore, the management of this expenditure ensures rigor and compliance with regulations, without restrictions The expenditure accounting for the second largest proportion is the payment of goods and services such as spending on public services, conferences, business trips, purchasing assets for professional work, etc., accounting for about 44% -47% of the total annual recurrent expenditure For this expense, the management is more difficult because the objects of expenditure, payment and settlement, the set of documents are more diverse and complex Expenditures on public services, stationery and telephone expenses are still high (average is about VND 50 billion in the period 2016-2020) and tend to increase slightly over the years The savings and avoidance of wasteful expenditures on the above services have been thoroughly understood to each cadre, civil servant, public employee However, there are still some officials who have an attitude of disregarding this task, not having a sense of saving when using electricity, water, telephone, stationery, etc When all the small waste was combined, it would get really considerable, affecting the recurrent expenditure Budget as well as the funds deducted from administrative savings DISCUSSION AND CONCLUSION Firstly, regarding recurrent expenditures, especially for goods and services, the payment documents must be reasonably close and legal, and the collection of sufficient documents at the request of the Ministry of Finance and The State Treasury’s Spending Control Department is also stricter than payments to individuals Therefore, in order to overcome limitations on the transfer of documents for payment of travel expenses of the audit teams, groups because it has to move continuously between localities, the audit teams, group themselves must improve responsibility for completing the payment records by actively contacting and discussing with the Accounting 1044 THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE Department to have a form of sending the documents to the Accounting Department safely, through the form of sending documents to the Accounting Department, staff to the agency, quick fax, ask the supplier to transfer the payment documents directly to the Accounting Department, Secondly, regarding the policy of saving recurrent expenditures that has always been thoroughly understood by the Government and the Ministry of Finance in guiding documents to develop annual estimates for ministries, central agencies and localities Saving recurrent expenditures to reserve the State Budget for development investment activities and necessary security and defense tasks In particular, in the year 2020-2021, when the State Budget is necessary to supplement the task of preventing and controlling the Covid-19 epidemic, the practice of thrift and waste prevention is even more necessary In order for the task of thrift practice and waste prevention to be regular, continuous, and practical, SAV needs to strengthen propaganda and organize the integration of thrifty and antiwasteful practices into the activities, meetings to exchange and discuss in order to raise awareness and responsibility for officials, public servants, public employees, which can gradually form the habit of saving, raising “thriftiness” to become a “saving culture” in everyone’s life and work Plans and widely deploy action programs on thrift practice and anti-waste and should be build and the agency require cadres, civil servants and employees to seriously implement them Party committees at all levels need to direct closely, and leaders at all levels should set an example in thrift practice and waste prevention for cadres, civil servants and employees Thirdly, the allocated, appraised and finalized Budget sources should be announced publicly and transparently The agency should actively review and adjust spending tasks, strengthen the inspection and control of spending, apply appropriate measures and solutions to improve efficiency in saving and advoiding waste Finally, it is necessary to promptly reward collectives and individuals who are conscious and bring results in thrift practice and waste prevention Meanwhile, criticizing and Appling sanctions to individuals and collectives who break the regulations on using public property, causing waste should be put in practice The agency also need to develop and supplement appropriate policies in allocating year-end income from savings in the year based on the criteria of contributing, benefiting, increasing income sources by practicing thrift, advoiding wastefulness These above actions would be great motivation to encourage cadres, civil servants and employees to strive to practice thrift and avoid waste so that their year-end income is improved and enhanced REFERENCES Hoang Thi Thu Huong (2019), “Management of recurrent expenditures of the State Budget at the General Department of Taxation - Ministry of Finance”, Master’s Thesis in Banking and Finance, National Academy of Public Administration Ministry of Finance (2019), Circular No 16/2019/TT-BTC dated March 18, 2019 Guiding management and use of funds deducted to implement the priority regime for cadres and civil servants, officials and employees of the State Audit Office THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE 1045 National Assembly (2005), Law on State Audit No 39/2005/QH11 dated June 14, 2006, Article 13 National Assembly (2013), Constitution of the Socialist Republic of Vietnam, Article 118 Nguyen Huu Phuc (2020), “Renovating the organization of auditing finance and public assets of ministries and central agencies”, Ministry-level scientific research project, State Audit Nguyen Quang Hung (2015), “Renovating the control of recurrent Budget expenditures of local governments at all levels through the State Treasury”, PhD thesis in economics, Academy of Finance Nguyen Thi Bich Thuy (2015), “Improving the management of recurrent expenditures of the local Budget in Da Nang city”, Master of Business Administration, University of Danang Nguyen Thi Thanh Mai (2017), “Improving State management of Hai Phong city’s Budget revenue and expenditure”, PhD thesis in economics, Central Institute for Financial Management Nguyen Tuan Anh (2020), “Management of recurrent expenditures of the State Budget in Lao Cai province”, Master’s Thesis in Economic Management, University of Economics and Business Administration (Thai Nguyen University) 10 Pham Tien Nam (2020), “Improving the management of recurrent expenditures of the State Budget in Bac Kan province”, Master’s Thesis in Economic Management, University of Economics and Business Administration (Thai University) Original) 11 State Audit, General Financial Report 2016-2020, Finance Department, State Audit Office 12 State Auditor General (2017), Decision No 1006/QD-KTNN dated June 26, 2017 on promulgating the Regulation on Internal Expenditure of advisory agencies under the executive apparatus and the State Auditors SUSTAINABLE AGRICULTURE DEVELOPMENT AND E-COMMERCE INTENSIFICATION IN VIETNAM’S AGRICULTURE PhD Đoan Thi Hai Yen1 Abstract: The Covid-19 pandemic has seriously affected Vietnam’s economy and countries around the world, affecting most industries and sectors of the economy The agricultural sector is also one of the industries which impacted severely by this pandemic Therefore, in order to recover and develop agriculture after the pandemic, towards sustainable agricultural development, Vietnam needs to develop digital agriculture and promote e-commerce transactions in agriculture The following article focuses on solutions for sustainable development of Vietnam’s agricultural industry with two main focuses on developing digital agriculture and promoting e-commerce transactions in agriculture Key words: sustainable agriculture development, e - commerce The COVID-19 pandemic has impacted simultaneously almost nations around the world but in different supply-side and demand-side mechanisms Its influence depends on each country as well as the connection of that economy with countries around the world Due to the impact of the epidemic, some countries have adopted measures to prevent and control the epidemic, such as isolation and social distancing, enforcement of travel restrictions and closure of non-essential activities, causing many production activities to be halted, as well as the interruption of export and import activities In contemporary world’s economy, production activities based on the global supply chain, a disruption in input production of a country will lead to a negative impact on the further production process of other ones Vietnam’s economy is also hard to avoid being affected by the fluctuations of the world economy Vietnam also is the country that is strongly and directly affected in many industries and fields, and one of the industries directly affected is agriculture, specifically as follows: The Covid-19 epidemic with four complicated happenings has greatly affected the organization and implementation of agricultural, forestry and fishery production plans, especially in localities where social distancing measures must be applied From the beginning of 2020, the production of seafood, vegetables (especially dragon fruit, watermelon, durian), rice, and wood has been directly affected by the Covid-19 epidemic originating in China People and businesses faced many difficulties because of purchasing prices fell, The producer price index of agricultural, Email: yen.hvtc@yahoo.com.vn Academy of Finance THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE 1047 forestry and fishery products tends to decrease in 20211 Moreover, because enterprises which are mostly small and medium-sized enterprises have directly produced agro-forestry-fishery products, when difficulties occur such as epidemics (along with drought, saltwater intrusion, etc.), many businesses have to suspended operation, dissolved in the first months of 2021 compared to the same period in 2020: The number of newly established agro-forestry-fishery enterprises decreased by 18.2%; the number of agro-forestry enterprises returning to operation decreased by 8.2 %; the number of agro–forestry-fishery enterprises suspending their business increased by 35.5% and the number of AFF enterprises dissolved increased by 34.5%)2 -When the epidemic broke out, it stalled and disrupted many agro-forestry-fishery production and supply chains The Covid-19 epidemic has changed the demand and consumption patterns, especially the domestic market, requiring an appropriate transformation in production organization and restructuring distribution channel, connecting supply and demand for customers with agricultural, forestry and fishery products Orientations and solutions to develop Vietnam’s agricultural industry: In order to recover the economy in general, including the agricultural sector, the most important task of Vietnam is the effective epidemic prevention and control, contributing to maintaining macroeconomic stability and social order festival Through the Covid-19 epidemic, the economy revealed more clearly its strengths and weaknesses, especially in terms of economic structure and ability to withstand large external impacts Therefore, it is necessary to develop uniform digital agriculture and enhance e-commerce transactions in agriculture in order to develop the sustainability of the agricultural sector at present First, digital agriculture development Our country’s agricultural industry is facing to develop and compete with countries in the region and in the world, it is necessary to develop in the direction of high technology agriculture, digital application to the process of growing, harvesting, processing and consuming, increasing the value on the cultivated area Digital agriculture is an agriculture that is applied in combination with new and advanced technologies for production, in order to improve efficiency, create a breakthrough in productivity and quality of agricultural products, and satisfy daily demands of society and ensure sustainable agricultural development During the talk between hi-tech agricultural enterprises and APEC Agriculture Ministers in Can Tho city, Senator Anne Rust, co-Minister of Agriculture and Natural Resources - Australia, sharing experiences: “Digital agricultural production is the usage of technology as the driving force which help increase economic value many times compared to Data on prices of agricultural, forestry and fishery producers - General Statistics Office: Producer price index of agricultural, forestry and fishery products in August 2021 compared to July 2021 on a national scale down 1.15%, due to a decrease from the Mekong Delta (-1.93%) In this region, the largest decrease in producer prices was in the agricultural sector (-2.61%) with the largest decrease in fruit products (-11.47%) followed by products from pig production (-9 ,15%) Enterprise survey data of General Statistics Office 1048 THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE traditional method In developed countries, people have applied it to practical production with high efficiency For the newly developed countries, the majority of farmers have implemented with small scale and scattered in many places such as in the Mekong Delta of Vietnam What needs to be done is to find highly qualified and dedicated agricultural technology experts to take time to transfer technology for farmers to use These experts have to be diligent in hand-holding, manipulating each button, controlling the whole system on the phone”1 Currently, with implementing the Agricultural Restructuring Project towards increasing added value and sustainable development after years in Vietnam, it has shown that the agricultural sector has made rapid development steps The results have shown that Vietnam’s agriculture that revealed many limitations, production was still fragmented with low quality, not able to meet the demands of integration in the past, but it has initially shifted to an internationally competitive agriculture, production according to the advantages and needs of the market, linking in chains, applying science and technology in production and consumption of products It can be seen that one of the indispensable factors determining the development of the agricultural industry in Vietnam is the application of high technology in the production and consumption process Digital devices and applications which are based on the internet become a means for farmers to access new technological knowledge, equipping them with skills to improve farming performance Thereby, this helps farmers solve problems of traceability, forecast market demand, forecast crop weather or disease to help them reduce risks In order to promote the growth of the agriculture sector and strengthen its contribution to the economy, it is necessary to have breakthrough and effective solutions in the agriculture sector The requirements are to increase the production value of the whole industry through going up output with industries with market advantages, supporting farmers to apply science and technology in production process to improve product quality.With the question “how to ensure the quality of agricultural products that can increase production”, Mr Werner Kloos, the German Federal Ministry of Agriculture and Food affirmed: “Suitable machines can be put into agricultural production along with future digital applications in agriculture”2 To shift towards digital agriculture, we must implement many different comprehensive solutions next years, the basic solutions that need to be implemented are detailed: Firstly, to promote the role of the people in the application of high technology; to push up raising awareness about digital technology and the propaganda to let people understand and apply high technology in the production process; to propagate high technical knowledge and then guiding people to implement Secondly, to implement effectively the restructure of the agricultural sector, to develop largescale commodity agriculture in the direction of modernity, to increase added value and sustainable development Thirdly, to develop strongly processing industry, especially agro-forestry-fishery, trades and services in rural areas; to encourage the development of the deep processing industry, high-tech processing industry, and the supporting industries; to strengthen the application of mechanization in all stages of the http://www.bienphong.com.vn/huong-den-nen-san-xuat-nong-nghiep-ky-thuat-so https://nongnghiep.vn/nong-nghiep-ky-thuat-so-xu-huong-cua-tuong-lai-post226068.html THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE 1049 agricultural production value chain with the suitabilility to the conditions of each region, each type of crop and livestock; to support farmers to invest in applying mechanization in production process Fourthly, to apply modern and advanced technologies in agricultural production This is an activity that brings practical efficiency and shows outstanding advantages compared to traditional agricultural production, it also limits the situation of fragmented production and low added value In order to achieve this goal, it is necessary to support the Government, corporations operating in the agricultural sector because only these organizations have enough political and economic potential to be able to deploy and apply the most advanced technologies in agriculture Fifthly, to improve the capacity of scientific and technological research centers to ensure that all facilities, equipment and human can access and transmit the world’s scientific and technological progress, to improve the capacity of the management, the research, the selection and the creation of various plants and animals, to ensure sufficient varieties of good quality and high commercial value, creating new breakthroughs in productivity, quality and added value of agriculture sector Finally, to improve the effectiveness of state management in agriculture It is necessary to strengthen the agricultural management of the competent state agencies in order to have appropriate policies in the process of developing digital agriculture In addition, to review the functions and tasks of agencies and units in the agricultural management system from the central to local levels; to clarify the functions of public administration, eliminate duplication, strengthen the agricultural management system in districts and communes; to implement state administrative reforms Second, to promote e-commerce transactions in agriculture In the current context in Vietnam, in order to maintain and stabilize production and business activities, not to disrupt the supply chain, to stabilize jobs, support people, workers and businesses who are affected by Covid – 19 pandemic, the implementation of e-commerce transactions in agriculture is one of the appropriate measures to promote and maintain production activities among producers, businesses and consumers, contributing to the sustainable development of Vietnam’s agricultural sector In order to develop e-commerce transactions in agriculture, it is necessary to carry out the following solutions comprehensively: - To build and put into operation a website connecting the supply and demand of agricultural products and goods in the southern provinces (https://htx.cooplink.com.vn/) to remove difficulties in the supply, circulation and distribution of agricultural products - To coordinate and accompany localities to connect supply and demand and find solutions to promote consumption of agricultural products in the harvest season; together with the Association of Retailers and a number of corporations and enterprises to remove difficulties; to accompany localities facing difficulties in consuming agricultural products; to connect and bring agricultural products to supermarket systems, chain stores, join reputable e-commerce platforms such as: Alibaba, Amazon, Sendo, Voso, Shopee ; to connect and coordinate with telecom corporations through communication, professional delivery application businesses (Grab, GoViet ), to support digitization and promote production and consumption, enhance electronic transactions, to bring agricultural products to join the e-commerce platform in order to promote, introduce and connect consumption 1050 THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE - To complete the law on electronic contracts, therefore it contributes to creating trust for businesses and consumers when entering into electronic contracts Currently, the regulations on entering into and electronic contracts in the Law on Electronic Transactions (2005) are still general, especially those with specific characteristics in entering into activities, such as processes and procedures entering into an electronic contract, stipulating the legal validity of an electronic contract, conditions for validity, valid and voidable contracts when conducted in electronic form In addition, issues which arise in concluding an electronic contract during the implementation process, such as the legal value of an offer to enter into a contract, the legal value of a smart contract, and cross-border electronic transactions border, payment methods, etc., are still no regulations to solve the inadequacies in the management of the export and import of digital information products, e-commerce activities on social networks, and mobile phone platform, etc Therefore, it is necessary to complete the legal provisions on electronic contracts In particularly, to add provisions on the concept of an offer to enter into an electronic contract, on the validity period of an offer for electronic contract, on the change, withdrawal, cancellation and termination of the proposal to enter into an electronic contract At the same time, to regulate the concept of accepting an offer to enter into an electronic contract, the time limit for replying to accept the conclusion of an electronic contract, and the content of the electronic contract The issues of validity conditions of electronic contracts, invalid electronic contracts and how to handle invalid electronic contracts are applied to the corresponding provisions of the Civil Code CONCLUSION With the strong and rapid development of Vietnam’s agricultural industry in the future, we cannot stay out of the current trend of developing digital agriculture If we not update and keep up, we will not be able to compete with other countries, and people’s lives will not be improved much In order to this, it requires the cooperation and contribution of many forces from the drastic direction of the Party, to the competent state management agencies At the same time, uniform measures must be taken and perfected the legal provisions on e-contracts are perfected As a result, we can develop the digital agriculture industry and enhance e-commerce transactions to both support farmers as well as businesses They will have the opportunity and conditions to access quickly, conveniently and effectively domestic and foreign consumer markets REFERENCES Civil Code, 2015 Electronic Transactions Law,2005 http://www.bienphong.com.vn/huong-den-nen-san-xuat-nong-nghiep-ky-thuat-so https://nongnghiep.vn/nong-nghiep-ky-thuat-so-xu-huong-cua-tuong-lai-post226068.html IMPROVING THE QUALITY OF PRIVATE SECTOR LOANS AT THE JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM Assoc Prof PhD Dinh Xuan Hang1, PhD student Dinh Nguyen Bao Anh1 Abstract: Joint Stock Commercial Bank for Investment and Development of Vietnam is the longest established bank in Vietnamand is among biggestbanks in Vietnam Since its establishment (1957), BIDV has always fully implemented the guidelines, and economic development policies directions of the Government The private sector is amajor focus of BIDV As of 2021, there are more than 600,000 enterprises in Vietnam, of which 83% are private ones The number of customers and total loans to private sector account for a significant proportion at BIDV Therefore, an important factor to promote sustainable development of the private sector is to improve the quality of loans Therefore, the article focuses on the main contents: (1) Theoretical basis for lending quality of the private sector, (2) Recommend some solutions to improve the quality of private economic lending at the Joint Stock Commercial Bank for Investment and Development of Vietnam Keywords: Lending to the private economy, Quality of lending to the private economy, Improving the quality of lending to the private economy PRIVATE SECTOR LOANS AND THE QUALITY OF PRIVATE SECTOR LOANS AT COMMERCIAL BANKS - Customers of the private sector included individualbusinesshouseholds, private companies, limited liability companies, joint stock companies, partnerships - Lending to the private sectoris a form of credit extension, whereby commercial banks assign customers of private sector to use a certain amount of money for a certain purpose in a certain period with an agreement that the borrower should be able to repay the loan and interest in time at regular intervals without default - Requirements to improve the quality of private sector loans: > For commercial banks: The quality of private accounting loans has a great influence on the existence, development or bankruptcy of commercial banks Improve the quality of private sector loans to ensure timely response of capital to customers High - quality loans of private sector create favorable opportunities for the development and business efficiency of commercial banks > For customers of private sector: 1 Email: hangdx@yahoo.com.vn Academy of Finance 1052 THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE Customers meet capital requirements for their production and business to expand investment, and improve product quality Improve competitiveness, contribute to the healthy financial status of customers > For the economy: Increase the rotation of capital in the economy, save circulation costs, strengthen the purchasing power of money Contributing to controlling inflation, stabilizing the money market, economic growth, increasing national prestige SOME SOLUTIONS TO IMPROVE THE QUALITY OF PRIVATE SECTOR LOANS AT JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM - Firstly, improve the quality of loan appraisal Loan appraisal is the first and foremost step in the loan process BIDV must fully and strictly implement the appraisal contents for all private sector customers Contents of appraisal include: status of the borrowers; management capacity; financial situation; feasibility of the loan plan and loan security measures - Secondly, loan security Depending on different types of loans and customers, BIDV needs to fully determine loan security Loans can be either secured or ensecured When private sector customers fail to repay debts on time, depending on the overdue level, BIDV will handle the debts in accordance with current laws - Thirdly, improve the process and procedures for lending to private sector customers The simpler and quicker lending process and procedures will help customers to access their loan needs in a timely manner, thereby leave a good impression on them BIDV needs to develop a reasonable process and procedures for lending to private sector customers Loan processes and procedures need to meet a number of standards: comfortandconvenience for customer, reducing unnecessary administrative procedures, active support for customers in the transaction process, minimum transaction time - Fourthly, strengthen customer care, actively seek new customers Always make customers feel comfortable Listen carefully to advise the customer on the most suitable loan product, and at the same time make the customer feel respected and warmly welcomed Focus on finding new customers, and at the same time caring and taking care of existing customers, because retaining existing customers is sometimes harder than finding a new customer Therefore, BIDV needs to build a good customer retention program to turn regular customers into loyal customers - Fifthly, strengthen the inspection and supervision of loan application The inspection and supervision of loan application to ensure that banks’ capital is invested for the right purposes and to improve the lending efficiency Inspection and supervision at BIDV THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE 1053 are performed in three stages in the lending process: before, during and after granting loans to customers In the coming time, BIDV needs to propose measures to improve the efficiency of inspection and supervision of capital use to avoid improper use of capital, leading to overdue debt and bad debt CONCLUSION Private sector loans at BIDV are at higher number of customers and increasing loan volume Therefore, improving the quality of loans is important to promote the rapid and sustainable development of the private sector in the process of international economic integration LIST OF REFERENCES Assoc Dinh Xuan Hang and MSc Nguyen Van Loc, Textbook “Corporate Credit Management”, Financial Publisher, Hanoi 2013 Proceedings of the International Scientific Conference “Sustainable development of Vietnam’s financial market in the context of international integration”, Banking Academy, Hanoi 2016 Proceedings of the Scientific Conference “Financial solutions to promote sustainable economic development in Vietnam”, Academy of Finance, Hanoi 2019 Proceedings of the Economic Conference Spring 2015, 2016 Journal of Banking, Finance, Money Market www.sbv.gov.vn, www.gso.gov.vn 1054 THE THIRD INTERNATIONAL CONFERENCE ON: “FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE DEVELOPING VIETNAM’S PRIVATE ECONOMY IN THE CONTEXT OF COVID-19 PANDEMIC: A CASE STUDY IN HANOI Assoc Prof. PhD.Ngo Thanh Hoang1, PhD.Nguyen Thi Thu Huong1 Abstract: In 2020, the number of newly registered firms in Vietnam decreased by 2.3% compared to 2019 The number of enterprises suspending business for a definite time, stopping operations, waiting for dissolution procedures and completing dissolution procedures increased by 13.9% (Vuong, 2021) Most of the enterprises had to suspend their business and dissolve their activities in trade and services; Larger firms withdrew from the market more Business is affected across the board, most notably with micro and small businesses Vietnam needs to continue with more robust legal and structural reforms to create a solid foundation for competition and innovation in the economy, therefore, promoting the development of the private sector to reach its goal of growing a high-income country by 2045 This article focuses on analyzing the current situation of private economic development in Hanoi City, Vietnam, indicating achieved results, limitations, causes and some recommendations They were promoting private economic development in Hanoi, Vietnam, in the context of the Covid-19 epidemic Keywords: Development, private economy, Hanoi, Vietnam, Covid -19 Email: ngothanhhoang@hvtc.edu.vn, Academy of Finance ... THIRD INTERNATIONAL CONFERENCE ON: ? ?FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE INSTITUTE OF FINANCIAL TRAINING The Institute of Financial Training (IFT) under the Ministry of Finance. .. in Southeast Asia THE THIRD INTERNATIONAL CONFERENCE ON: ? ?FINANCE AND ACCOUNTING FOR THE PROMOTION OF SUSTAINABLE UNIVERSITY OF FINANCE AND ACCOUNTANCY Belonging to the Ministry of Finance, ... OF FINANCE, University of Finance - Marketing, Institute of Financial Training, University of Finance and Accountancy, THE THIRD INTERNATIONAL CONFERENCE ON: ? ?FINANCE AND ACCOUNTING FOR THE PROMOTION