State Treasury implements solutions to speed up public investment capital disbursement

VCN - Local and municipal State Treasuries and heads of units under the State Treasury agency are requested by General Director of the State Treasury to drastically implement solutions to speed up public investment capital disbursement; strengthen discipline and pandemic prevention.
 The State Treasury continues to strictly implement the regulations on working, ensuring Covid-19 pandemic prevention
The State Treasury continues to strictly implement the regulations on working, ensuring Covid-19 pandemic prevention

Accordingly, the General Director of the State Treasury requested the whole sector to accelerate the disbursement of the public investment capital plan in 2021; tighten discipline, further improve the quality of customer service; proactively control and prevent risks in State Treasury activities and drastically implement solutions to speed up disbursement in 2021.

For the control of state budget expenditures, leaders of the State Treasury requested the units to promote transactions through online public services of the State Treasury; following the processing time of dossiers, promptly meeting the demand on spending of budget-using units and investors, contributing to improving the efficiency of state budget expenditure and speeding up the disbursement of public investment capital in 2021.

The State Treasury agencies must put the customer as the center for service; avoid harassment, not leave a backlog of any payment records at the State Treasury for unknown reasons. At the same time, it is strictly forbidden to take advantage of assigned job positions for personal gain, slow down the state budget expenditure process and affect the disbursement progress of public investment capital in 2021.

The entire Treasury sector must strengthen the effectiveness of management, supervision and inspections of the State Treasury over the lower-level State Treasury, enhance the role of internal inspections and supervision in the operation of controlling state budget expenditures to promptly detect acts of trouble, harassment, and delays in processing dossiers for budget-using units and investors.

Regarding the disbursement of investment capital within the sector, the General Director of the State Treasury requested the State Treasury agencies across the country to urgently implement solutions of the investor to continue to urge, remove and overcome difficulties, speeding up the project implementation schedule and disbursing capital plans.

Moreover, for the group of projects completed before December 31, 2020 that still has outstanding balances and undisbursed capital plans, the investor urgently contacts the contractor to pay debts in accordance with the regulations (for projects that have approved final settlement); complete the procedures for making and submitting for approval the finalization of completed projects which are done before December 31, 2020 for approval before September 30, 2021.

Particularly for pandemic prevention, the State Treasury leaders requested the whole sector to further tighten discipline in directing, management, and organizing the implementation of anti-pandemic measures at the unit.

Thoroughly grasping to each officers and employee to speak and behave in accordance with standards; not provide unverified information, false news about the pandemic and prevention on social networks.

Units must increase the use of information technology in performing assigned tasks. Planning and arranging officers and employees to work at the agency and work online from home for assigned tasks in accordance with regulations; ensure that work is not delayed, especially jobs with deadlines and statutes prescribed by law, and public services for people and businesses.

In addition, enhance awareness and compliance of each officer and employee under their management with the requirements of local authorities and competent authorities on social distancing.

The document also clearly understood that the Director of the State Treasury of the provinces and centrally-run cities, the heads of the units under the State Treasury agency are fully responsible before the General Director of the State Treasury for letting officers and employees under the scope of management of violations in administrative discipline, especially delays in handling dossiers of state budget expenditure control and investment capital disbursement; violating regulations on pandemic prevention; strictly handle violations and promptly reward units and individuals who complete assigned tasks and comply with regulations on Covid-19 pandemic prevention and control.

By Thùy Linh/Thanh Thuy

Related News

The more delayed the investment disbursement is, the more accumulated the capital expenditure will be

The more delayed the investment disbursement is, the more accumulated the capital expenditure will be

VCN - According to Dr Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM), amid the downtrend of many of Vietnam's economic growth drivers, public investment is still expected to be the main driver for economic growth recovery in 2023.
Public investment to be the foundation for the development of the stock market

Public investment to be the foundation for the development of the stock market

VCN - Effectively implementing public investment is considered one of the most feasible solutions at the moment to support economic recovery and development in 2023, thereby helping to create a foundation for the development of Vietnam's stock market in the long run.
Improving organizational structure and capacity building to implement the State Treasury Development Strategy to 2030

Improving organizational structure and capacity building to implement the State Treasury Development Strategy to 2030

VCN - The State Treasury system has achieved encouraging achievements in streamlining the organizational structure in association with the reform of administrative procedures to ensure strict management and meet the customers' needs.
Creating a breakthrough in disbursement of public investment capital

Creating a breakthrough in disbursement of public investment capital

VCN – In order for the public investment disbursement rate in 2023 to reach the set target, from the first months of the year, many fundamental and feasible solutions have been taken to remove problems in this work.

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