Digital accounting is expected to save businesses time and money, contributing to greater efficiency for both businesses and government agencies. In light of this, Vietnam is increasingly focusing on digital accounting as it strives to digitalize its middle-income economy and attract revenue-generating FDI.
The COVID-19 pandemic has accelerated the shift toward digitalization for many businesses not only in Vietnam but globally. It highlights the importance of technology and digital transformation to the survival and evolution of businesses of all sectors. Of that, further development in digital accounting will play a role in modernizing the business environment in Vietnam, which in turn will help generate revenue and attract foreign investors.
Digital accounting refers to the creation, representation, and transfer of financial information into an electronic format. Instead of using a…
