Page 68 - ISC PROCEEDINGS 21.4

AI to PIE monitoring should be approached as a comprehensive institutional reform
strategy rather than a standalone technological solution.
According to projections by the MOF, total ST revenue for the 2026-2030 period is
expected to exceed VND 16 quadrillion, with total revenue projected to surpass nearly
VND 17 quadrillion and PIE estimated at around VND 6 quadrillion, accounting for more
than 35% of total State Budget expenditure and equivalent to over 7% of GDP annually.
The large scale and high complexity of the project portfolio create an urgent need to
modernize oversight mechanisms.
On this basis, three key strategic directions are proposed: (i) developing a Smart
Treasury Platform; (ii) integrating AI into the public financial ecosystem; and (iii)
strengthening BDA human resource capacity.
Table 2. Projected state budget plan, 2026–2030
Indicator / 2026 2027 2028 2029 2030 Notes
Year
Total SB Avg.
Revenue 2,800,000 2,980,000 3,180,000 3,400,000 3,650,000 growth:
(VND billion) 6–7%
Total SB Deficit:
Expenditure 2,950,000 3,130,000 3,330,000 3,550,000 3,800,000 3.5–4%
(VND billion) GDP
Expenditure Declining
-to-Revenue 105.4 105.0 104.7 104.4 104.1
Ratio (%) trend
Planned PIE Infrastruct
(VND billion) 1,050,000 1,120,000 1,200,000 1,280,000 1,350,000 -ure focus
Source: Ministry of Finance projections
3.5.1. Building a smart treasury platform
The core of the reform is the development of an integrated Smart Treasury Platform,
serving as the “data backbone” of the Public financial governance system. Currently, the
State Treasury of Vietnam has implemented TABMIS and various electronic payment
systems; however, data remain fragmented across the ST, public investment, and
procurement domains.
The Smart Treasury Platform should be designed based on four key principles:
First, lifecycle-based data integration. The system must connect information
throughout the entire project lifecycle - from medium-term capital planning, annual ST
allocation, expenditure commitments, disbursement, adjustments to total investment, to
final settlement and audit. According to the State Audit of Vietnam, tens of trillions of
VND in financial irregularities are still detected annually through audits of the ST and
public investment. Integrating lifecycle data would enable early detection of anomalies
instead of relying primarily on ex-post audits.
Second, open and interoperable architecture. The platform should be connected to
the National E-Procurement System, the Business Registration Database, and local
government systems through standardized APIs. International experience shows that
countries with higher levels of data interoperability tend to achieve better budget
transparency scores. According to surveys by the International ST Partnership, countries
that publish ST data in open formats score on average 20-30 points higher in transparency
than others.

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