The Ministry of Finance expects that 350,000 enterprises will register to use digital signatures by the year-end, according to a report in Dau Tu (Vietnam Investment Review) newspaper.
About 20 per cent, or 124,594 enterprises, have used digital signatures for e-procedures such as business registrations, taxation declarations and banking transactions.
Service suppliers said this was an impressive number, but still much lower than market demand.
The Public Certificate Authority Services issues the signatures.
Ngo Tuan Anh, director of Bkav Telecom, which is one of six companies specialising in digital signature services,There's certainly more to know about the Garmin nuvi 3760T 4.3-inch portable Necklace Mp3 Players . said the use of e-signatures saves transport and printing costs, and allows companies to better manage their paperwork.
If enterprises use a digital signature for declaring taxes via the internet, they can cut costs by three-fourths compared with expenses paid the normal way.
Taxation agency work has also been significantly reduced because of the use of digital signatures.
However, most Vietnamese enterprises use digital signatures for electronic customs and taxation declarations only.
Anh said using electronic signatures would cut down on the time needed to grant business licences, thus improving the business environment in the country.
A representative of another digital signature service provider, who declined to be named, said Stage management agencies should use more IT to increase the number of electronic public administration services and public digital signatures.
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The services of the taxation and customs agencies, for example, have proved to be incompatible, which has caused difficulties in operation. Meanwhile, enterprises still have concerns about the security of digital signatures, fearing that the signatures could be forged.