Resolution 68 aims to cut at least 30% of administrative procedures, compliance costs and business conditions. The focus is on requirements financial data transparency and digital transformation application to optimize operations. This is an opportunity for businesses to not only comply with policy but also save real costs.
Resolution 68 requires cutting administrative procedures and data transparency
Resolution 68-NQ/TW, issued on May 4, 2025, is a strategic guidance document to promote private economic development sustainable in Vietnam. The Resolution aims to bring Vietnam's business environment into the top 30 countries in the world on the investment and business environment, with the ambition to become one of the three leading ASEAN countries in 2028.
Notably, the Resolution strongly commits to administrative and institutional reform, aiming to reduce the burden on private enterprises:
- Cut at least 30 % administrative procedure processing time in 2025.
- Cut at least 30 % in compliance costs.
- Eliminate at least 30 % unnecessary or obstructive business conditions business development
- Continue to accelerate cuts in the coming years.
In addition, the Resolution also promotes digitize, automation, and applications artificial intelligence, big data in administrative procedures, especially in areas such as land, planning, investment, tax, customs, intellectual property... to create a business environment transparent, airy, long term stability and low cost.
For business owners and accountants, this is a very positive signal: the Resolution not only commits to improving efficiency, but also brings “digital lever” — that is, the policy push to reduce procedures, costs and time, while increasing accuracy, transparency and convenience in business operations.
Practical problem: business travel expenses, receptions, and refunds are still complicated.
In reality, many Vietnamese businesses still manage travel expenses, hospitality expenses and reimbursements manually, relying on paper invoices and employee statements. This process often takes many levels of approval, requiring accountants to manually enter data and store each individual document. As a result:
- Time consuming to process, compare and store accounting documents.
- It is easy to make mistakes during the declaration process or lose invoices and documents.
- Difficult to control actual costs, lack of transparency when synthesizing financial reports.
- It makes it difficult for businesses to work with banks or regulators, especially in proving the validity of expenses.
This situation shows that if businesses do not quickly digitize their cost management processes, the risk of loss, lack of transparency and loss of advantage when accessing credit and financial incentives will increase.
Expense Process Digitalization Solution – Bizzi Expense & Travel
In context Resolution 68 encouraging businesses to cut administrative procedures, reduce operating costs and make data transparent, Bizzi Expense & Travel stands out as a comprehensive solution to help businesses achieve this goal. Digitizing the cost process not only brings operational efficiency but also directly supports businesses to save up to 30% in costs according to the Government's digital transformation orientation.
Automatically approve expenses, reduce paperwork
- Digitize the entire process from A → Z: The entire process – from creating work requests/advancements, booking tickets, to reconciliation and reporting – is handled on one online platform, optimizing the experience on both mobile and web.
- Smart and flexible approval: The system automatically determines the approval route based on rank, department or expense type. Managers can approve directly via email or mobile application, completely eliminating paperwork and handwritten signatures.
- Real-time error alerts: Automatically check expenses against internal policies, warn when spending exceeds budget or violates regulations, helping to minimize the risk of fraud and loss.
- Save accounting resources: Bizzi helps save hundreds of hours of work each month for the accounting team, standardize processes and increase cost management efficiency.
Connect electronic invoices, automatic reports
- Automatically sync from corporate cards: Transactions from corporate credit/debit cards are synchronized instantly, completely eliminating manual data entry.
- Reconcile invoices & statements right on the platform: Accountants can easily check, compare documents, statements and refund transparently, with full valid electronic invoices stored.
- Real-time budget control & reporting: Intuitive dashboard helps leaders grasp costs by employee, department, project and make timely decisions.
- Comprehensive T&E platform: From request, payment, reconciliation to reporting - all are digitized on a single system, helping businesses improve efficiency and minimize errors.
Measurement benefits: reduced operating costs, data transparency
Effective measurement offers clear benefits in both cost and data transparency.
- Cut administrative costs through automation: Manual processes such as document storage, checking, and approval are replaced by electronic systems. This reduces operating costs by up to 30%, while saving time for the accounting department.
- Financial data transparency: Accounting data, debts, and invoices are digitized and synchronized, helping businesses easily demonstrate financial capacity when borrowing capital or negotiating with partners. This is a key factor in enhancing reputation and access to preferential capital sources.
- Reduce errors, improve professionalism: Automation helps reduce the risk of lost documents, data errors and increases accuracy in management. This not only helps businesses operate more smoothly but also demonstrates professionalism in the eyes of investors, customers and partners.
Conclusion: Leveraging policy & technology for digital transformation
Resolution 68 not only requires cutting administrative procedures but also opens up opportunities for businesses to optimize costs up to 30% thanks to digital transformation and electronic invoice application. Taking advantage of this policy combined with digital solutions such as Bizzi Expense & Travel helps businesses comply with the law, improve financial transparency, and control spending - advances - refunds more effectively. This is a strategic step for businesses to not only save resources but also create a sustainable foundation for a comprehensive digital transformation process.
Explore Now Bizzi Expense & Travel to keep up with digital transformation trends, cut costs and improve operational efficiency for your business.
