Financial Strategy to 2030: effectively managing revenue and expenditure, reducing public debts

Financial Strategy to 2030: effectively managing revenue and expenditure, reducing public debts

VCN –Deputy Prime Minister Le Minh Khai signed Decision 368 on March 21, 2022 to approve the Financial Strategy to 2030.
Extend deadline for taxes and land rental payment worth VND 21 trillion:  Minister of Finance

Extend deadline for taxes and land rental payment worth VND 21 trillion: Minister of Finance

VCN- The overall State budget balance in the first five months posted the surplus due to the spending progress being lower than the revenue collection progress.
MoF strives to achieve highest revenue target

MoF strives to achieve highest revenue target

VCN- GDP growth in the third quarter of 2020 was higher than that in the second quarter (2.62% compared to 0.39%); inflation was controlled and the consumer price index decreased gradually, on average in 10 months increasing by 3.71% year-on-year.
State Treasury: safely and effectively managing state budget

State Treasury: safely and effectively managing state budget

VCN – In the first six months of 2020, despite complicated developments of the country’s financial and economic situation due to the Covid-19 pandemic, the State Treasury closely followed directions of the Government as well as the Ministry of Finance on
State Treasury strictly controls ODA projects and concessional loans

State Treasury strictly controls ODA projects and concessional loans

VCN – The State Treasury has issued Official Letter No. 5324/KBNN-KSC to request treasury units to control spending and confirming accounting of expenditures and revenues in accordance with the law.
Expanding budget revenues: need good policies and good management

Expanding budget revenues: need good policies and good management

VCN - In the context of difficult budget situation, in order for sustainable development, Vietnam needs to expand its potentials to increase expenditure for development without affecting sustainable development of the financial system.
Revenues and expenditures of State budget are under pressure from the industrial revolution 4.0

Revenues and expenditures of State budget are under pressure from the industrial revolution 4.0

VCN- Along with the Industrial Revolution 4.0, the fiscal revenues and expenditures must have specific policies to take advantage of, and to limit the negatives.
Many units under the Ministry of Finance save costs thanks to allocated expenditures

Many units under the Ministry of Finance save costs thanks to allocated expenditures

VCN- According to the report on the implementation of the allocated administrative expenditures of the Ministry of Finance, in 2016, there were 127/129 units under the Ministry that saved 7% of the total expenditures usage in the year, and there were 26/3
In 2017, the control of recurrent expenditures accounts for 91.3% of the year’s estimate

In 2017, the control of recurrent expenditures accounts for 91.3% of the year’s estimate

VCN - This information was stated by Mr. Nguyen Quang Vinh, Deputy Director of State Treasury at the Conference held on the morning of 18th December 2017 in Hanoi.
Unify a focal point for management of state expenditures: 99,89% documents processed in a timely fashion

Unify a focal point for management of state expenditures: 99,89% documents processed in a timely fashion

VCN – According to Mr. Nguyen Hong Ha, Director General of State Treasury, the implementation of the Project on unifying the focal point for management of state expenditures via the State Treasury system over the country in the past one months had achieve
Minister  Dinh Tien Dung: Increasing capital expenditure and reducing recurrent expenditure

Minister Dinh Tien Dung: Increasing capital expenditure and reducing recurrent expenditure

This content was mentioned by the Minister of Finance under authorization of the Prime Minister on presenting the Report on implementation results of state budget 2017, state budget estimate and allocation plan for 2018 and the three-year finance and budg
Unifying one focal point for management of state expenditures from October, 2017

Unifying one focal point for management of state expenditures from October, 2017

VCN - The press conference on deployment of a Project to unify one focal point for management of state budget expenditures in State Treasury system, which was held on the afternoon of 29 September, 2017
Deputy Prime Minister Vuong Dinh Hue: Expenditures will be cut based on insufficient revenues

Deputy Prime Minister Vuong Dinh Hue: Expenditures will be cut based on insufficient revenues

VCN - Speaking at the preliminary conference on the first half of 2017 of the Finance sector, the Deputy Prime Minister Vuong Dinh Hue requested that state budget revenues must exceed 5-8% of estimate besides tightening public expenditures and public debt
Discover over 4,000 amounts of expenses done incorrect procedures

Discover over 4,000 amounts of expenses done incorrect procedures

In 5 months, the units and organizations under Finance sector are concentrating on strengthening discipline in management and administration of finance and state budget.
Responding proposals of constituents: increasing work-trip allowances

Responding proposals of constituents: increasing work-trip allowances

VCN - Regarding proposals of constituents from Bac Kan province on policies relating to expenditure for work-trip allowance and guest reception, recently, the Ministry of Finance answered in detail. Accordingly, regulations on these issues were added to s
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