Many positive results in the administrative reform of the Ministry of Finance

VCN - The administrative reform of the Ministry of Finance has been comprehensively shown in all aspects including institutional reform, administrative procedures, organizational structure, public affairs, public finance, building and developing e-Government. Since the beginning of the year, the administrative reform work of the Ministry of Finance has achieved many positive results.
Professional activities at Lao Cai International Border Gate Customs Sub-Department, Lao Cai Customs Department. Photo: T.Binh
Professional activities at Lao Cai International Border Gate Customs Sub-Department, Lao Cai Customs Department. Photo: T.Binh

Comprehensive and effective reform

Since the beginning of the year, implementing the administrative reform plan for 2021, the Ministry of Finance has directed its units to synchronously implement the administrative reform in all financial fields.

In which, according to the plan, the Ministry of Finance has set out 117 of 182 tasks to be implemented in the third quarter of 2021. As of September 15, 2021, the Ministry of Finance has implemented all 117 tasks.

One of the key tasks in the administrative reform of the Ministry of Finance is to review, reduce and simplify administrative procedures. To implement administrative procedure reform with the aim of creating unity, synchronization, simplicity, publicity and transparency; creating favourable conditions for individuals, organizations and enterprises in the process of accessing and implementing administrative procedures; improving the effectiveness and efficiency of State management, strictly complying with the Government's regulations, the Ministry of Finance has drastically implemented administrative reform, focusing on administrative procedure reform and modernization in a uniform and comprehensive manner in all financial sectors.

In the third quarter of 2021, the Ministry of Finance continues to strictly control administrative procedures under its management with the aim of comprehensively and effectively reforming administrative procedures, creating favourable conditions for people and enterprises to improve the business environment and national competitiveness.

The Ministry of Finance regularly reviews and evaluates administrative procedures to propose to abolish those that are no longer suitable or amend them in a specific, clear and simple way, increasing feasibility for individuals and organizations to implement. In the third quarter, the Ministry of Finance issued Decision No. 1087/QD-BTC announcing the amendment and replacement of two administrative procedures in the field of tax administration, and the Ministry at the same time, has made public and fully and timely updated on the National Public Service Portal, the Ministry's Web Portal and the headquarters of the agency receiving and implementing administrative procedures in accordance with regulations. Regarding administrative procedure reform, recently, a special working group of the Ministry of Finance was established.

According to Mr. Dang Quyet Tien, Standing Vice Chairman of the Working Group, the working group was responsible for recording the reflections, recommendations, problems and difficulties of enterprises and people, and at the same time had the responsibility to urge and remind units under the Ministry of Finance in reducing administrative procedures to quickly handle and solve problems for enterprises, ensuring flexibility, initiative and timely adaptation to the Covid-19 pandemic.

In addition, since the beginning of the year, the Ministry of Finance has continued to operate a stable and efficient model of receiving and returning administrative settlement results under the one-stop-shop mechanism at the ministry's headquarters.

In the first nine months of 2021, the One-Stop-Shop Department of the Ministry of Finance has received 713 administrative procedure dossiers in five fields (insurance, accounting-auditing, informatics, pricing, finance and banking) and returned 520 records, ensuring 100% on time; the number of dossiers being processed within the deadline was 193. Along with that, the implementation of tasks on reducing and simplifying regulations related to business activities in the 2020-2025 period was also being actively implemented by the Ministry of Finance.

The Customs sector has made great contribution

Building and developing e-Government of the Ministry of Finance has also achieved many positive results in recent years with many outstanding results in modernizing the tax, customs and treasury sectors.

In the tax sector, in terms of electronic tax declaration, the electronic tax declaration system has been implemented in 63 provinces and cities and 100% of tax departments under their control; on electronic tax payment, the Tax office has coordinated with 55 commercial banks and 63 tax departments to deploy electronic tax payment services. Regarding electronic tax refund, electronic tax refund has been implemented in 63 provinces and cities from January 1, 2021 to September 14, 2021, there were 7,811 enterprises out of a total of 8,009 enterprises participating in an electronic tax refund, reaching a rate of 97.53%.

In the field of Customs, according to the Ministry of Finance, together with administrative reform, customs modernization is identified by the Customs sector as one of the most important tasks. The whole sector has strengthened the implementation of the National Single Window, the ASEAN Single Window and facilitated trade, and has coordinated with ministries and branches to complete the implementation of administrative procedures on the National Single Window.

As of September 14, 2021, there were 226 administrative procedures of 13 ministries and branches officially implemented on the National Single Window with approximately 4.1 million records from 49,300 participating enterprises.

At the same time, continue to manage, supervise and ensure the operation of the VNACCS/VCIS automatic clearance system and the centralized information technology systems of the Customs sector 24/7, ensuring security and safety, smooth communication to serve the customs clearance of import and export goods.

The Customs sector has also built and successfully implemented an Automated Customs Management System at ports, warehouses and yards (VASSCM) at 33 of 35 Customs Departments of provinces and cities, creating favourable conditions for port, warehouses and yard enterprises, reducing time and costs for import-export enterprises, enhancing the effectiveness of customs supervision.

According to the Ministry of Finance, thanks to the effective implementation of reforms, the General Department of Customs had been the leading unit in the General Departments for many years in terms of indicators for monitoring and evaluating the results of PAR of units under the Ministry of Finance.

Thereby, helping the Ministry of Finance rank first among 17 ministries and ministerial-level agencies for seven consecutive years in the PAR index. The customs sector's efforts in administrative reform to create a fair, open and transparent business environment and reduce costs for enterprises were also highly appreciated by the business community.

As of September 15, 2021, the total number of valid administrative procedures of the Ministry of Finance was 895, of which, the Tax sector was 304 administrative procedures; the Customs sector was 243 administrative procedures; the State Treasury sector was 11 administrative procedures; the Reserve sector was seven administrative procedures; the Securities sector was 104 administrative procedures; the general financial sector was 226 administrative procedures.
By Hoai Anh/ Binh Minh

Related News

Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee

Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee

VCN – On March 27, Mr. Tran Tuan Anh, Member of the Political Bureau, Chairman of the Central Committee's Economic Commission, and member of the Steering Committee for developing summary project, attended and directed the summary conference of the 10-year implementation of the Resolution of 8th meeting of the 11th Central Committee on the Strategy to Project the Fatherland in the New Situation of Ministry of Finance. The conference was attended by Mr Ho Duc Phoc, a member of the Central Committee, Secretary of Designated Representation, Minister of Finance and other members of Party Designated Representation of Ministry of Finance, comrades of the Central Committee of Ministry of Finance.
Review, perfect regulations on decentralization of public property management

Review, perfect regulations on decentralization of public property management

VCN - The Ministry of Finance has sent an official letter to ministries, central and local agencies on improving legal documents under the power for promulgation of ministries, central and local agencies on the management and use of public property.
Customs sector launches performance indicators

Customs sector launches performance indicators

VCN – To implement Decision No. 766/QD-TTg approving performance indicators for directing and assessing the service quality to people and businesses in electronically implementing administrative procedures and public services in real-time, the General Department of Vietnam Customs (GDVC) has requested units to perform thereby clearly defining the tasks.
The whole finance sector needs to continue making efforts and focusing on completing tasks

The whole finance sector needs to continue making efforts and focusing on completing tasks

VCN - An online briefing session to evaluate the implementation of finance-budget work in February 2023 and implement the plan for March 2023 was held by the Ministry of Finance on March 7, 2023. Minister of Finance Ho Duc Phuc chaired the Conference.

Latest News

Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion, equaling 30.9% of the estimate, up 5.3% over the same period in 2022.
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

More News

In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Consider raising the level of penalties to ensure fairness and transparency in the stock market

Consider raising the level of penalties to ensure fairness and transparency in the stock market

VCN - Mr Pham Hong Son, Vice Chairman of the State Securities Commission, discussed solutions to improve the capacity, improve fairness and transparency of the stock market.
Central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
Ensure policies to attract investment when implementing global minimum tax

Ensure policies to attract investment when implementing global minimum tax

VCN - On the afternoon of March 30, in Hanoi, the Ministry of Finance held a regular press conference in the first quarter of 2023, chaired by Deputy Minister of Finance Nguyen Duc Chi. Many issues related to the tax field were discussed and answered at the conference.
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
Solutions to attract FDI when implementing the global minimum CIT

Solutions to attract FDI when implementing the global minimum CIT

VCN - On March 29, the Vietnam International Arbitration Center (VIAC) and the Center for International Integration, the Ho Chi Minh City Institute for Development Studies, jointly held a seminar on Global Minimum Corporate Tax – outlook and challenges in attracting foreign investment (FDI) in Ho Chi Minh City.
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

VCN – The promulgation of Vietnam's Decree on Vietnam's special preferential import tariff to implement the Vietnam-Cuba Trade Agreement for 2022-2027 creates a stable and open legal framework, facilitates import and export activities, brings expected great benefits to the business community of the two sides, promote two-way trade turnover and develop Vietnam-Cuba trade relations.
Being many "hot" issues at the general meeting of shareholders of banks

Being many "hot" issues at the general meeting of shareholders of banks

VCN - International Commercial Joint Stock Bank (VIB) will be the first bank to hold a general meeting of shareholders this week, and then April will be the "peak" for banks to deploy.
Bringing the policies on reducing land rent and water surface rent into life

Bringing the policies on reducing land rent and water surface rent into life

VCN - The tax sector is drastically implementing dissemination and support to make the policy of reducing land rent and water surface rent in 2022 fully effective.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion,
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Mobile Version