Digitalizing procedure for social welfare payment at State Treasury

VCN - The Government has given directives to promote digital transformation in social welfare payments. Therefore, promoting the digitalization and electronicization of revenue and expenditure transactions at the State Treasury has been identified as one of the most important tasks.
Tellers perform operations on the State Treasury's online public service portal. Illustration photo: Ninh Thuan State Treasury
Tellers perform operations on the State Treasury's online public service portal. Illustration photo: Ninh Thuan State Treasury

More progress thanks to digitalization

One of the five specific goals in the State Treasury Development Strategy to 2030 is that the State Treasury will operate based on digital data and complete the digital Treasury platform by 2025; basically, all state budget revenue and expenditure transactions through the State Treasury are carried out electronically. After 2025, the State Treasury will focus on researching and developing services following the demands of people, businesses and state authorities. From there, the goal is that by 2030, the State Treasury will complete the construction of a Digital Treasury.

Sticking to the above goals and orientations, Mr. Nguyen The Anh, Deputy Director of the Expenditure Control Department, said that the State Treasury has synchronously and actively deployed many solutions, especially relating to digitization and electronicization of revenue and expenditure transactions. Regarding payments to individuals' accounts, currently, the State Treasury has upgraded online public services with the payment control process for individuals receiving salaries from the State budget and through the State Treasury's data exchange portal.

On January 9, 2024, the State Treasury piloted salary payments to individuals via accounts through the data system with the State Treasury in two localities, Vinh Phuc and Hai Phong. Deputy Director of the Expenditure Control Department assessed that after 3 months of implementation, this process received positive evaluations. Therefore, the State Treasury will implement a social welfare payment process similar to the salary payment process soon.

Accordingly, the Ministry of Labor, War Invalids and Social Affairs will coordinate with the Police agency to exchange and verify accurate information about the beneficiaries to prepare a payment table, then the unit will prepare a payment request dossier with the State Treasury. After completing the control work, the State Treasury will upload the payment table data to the data exchange portal.

“This process is different and more advanced than before because previously when units moved to online public services, the State Treasury would have to print and restore payment tables and bring it to commercial banks for making payment. Therefore, with the current process, that step will be digitized and ensure data is safe and accurate," Mr. Nguyen The Anh stated.

Strengthen information to disseminate

According to people and experts, digitalized social welfare payments bring many benefits: it is both safer and faster, but also avoids many errors and mistakes, and ensures timely delivery. beneficiary. Therefore, the State Treasury has cooperated with other authorities to carry out this work such as Public Security, Banking, and Labor sectors... Especially, with the orientation of social welfare payments on the VneID application, the Ministry of Public Security and the State Bank, the Ministry of Labor, War Invalids and Social Affairs, the State Treasury and other units and localities are completing the implementation coordination process.

Mr. Nguyen The Anh said that currently, social welfare payments through the State Treasury are being implemented relatively well, promptly and to the right subjects. Although the rate of non-cash payments in general is relatively higher than a few years ago, to accelerate the digitalization of social welfare payments in general as well as payments via accounts for social welfare subjects in particular, the prerequisite is that the beneficiary must have a payment account. Therefore, Mr. Anh believed that all relevant agencies must have close coordination to disseminate information about the benefits that the digitalization of social welfare payments brings to people as well as social welfare beneficiaries.

In addition, the data connection between different agencies must ensure "clean", "live", right for the right target, and the right purpose. It is a key factor. Therefore, according to the representative of the State Treasury, early implementation of building a payment ecosystem through the VNeID application is extremely necessary in the future.

Mr. Nguyen The Anh emphasized that the State Treasury would continue to research and develop solutions to solve operational problems so that payments from the State budget reach each beneficiary in the fastest and most direct way. Currently, payment is still made through intermediaries, not directly from the state budget, but the Deputy Director of the Expenditure Control Department affirmed that this would be implemented directly based on policies and regulations as set.

By Hương Dịu/Thanh Thuy

Related News

Ho Chi Minh City Customs: Creating strong changes from modern management methods

Ho Chi Minh City Customs: Creating strong changes from modern management methods

VCN - Applying many innovative initiatives, as well as strongly applying information technology (IT) to operational stages, Ho Chi Minh City Customs Department expects to create strong changes in digital transformation from modern management methods.
PM requests to continue improving efficiency of digital transformation in customs

PM requests to continue improving efficiency of digital transformation in customs

VCN - Prime Minister Pham Minh Chinh has just signed a document requesting ministries, central and local agencies to continue to improve the efficiency of digital transformation in the customs field.
New fulcrums for economic growth

New fulcrums for economic growth

VCN - According to experts, despite the improvement, Vietnam's economy in 2024 still has potential risks, weighing on growth solutions until the end of the year. Accordingly, the application of science and technology, innovation, and green transformation are considered important factors and new growth drivers for Vietnam.
The State Treasury ensures budget balance by effectively mobilizing Government bonds

The State Treasury ensures budget balance by effectively mobilizing Government bonds

VCN – The State Treasury continues to mobilize Government bonds effectively, thereby supporting budget management to promptly meet public spending demands.

Latest News

Strictly monitor market fluctuations to appropriately adjust prices

Strictly monitor market fluctuations to appropriately adjust prices

VCN – In the second quarter and the remaining months of 2024, the price management and administrations need to effectively control inflation and remove difficulties for production and businesses, the Ministry of Finance reports.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

VCN - Speaking at the Conference to collect opinions on the draft Government Decree regulating the Land Development Fund held by the Ministry of Finance on April 22, Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.

More News

Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electronic invoices as well as pay taxes in gold investment activities.
SBV takes more actions to stabilise foreign exchange rates

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

VCN - The revised Draft Law on Value Added Tax (VAT), besides inheriting many provisions from the current Law, also revises and supplements several contents to suit the actual situation, including some notable contents in VAT refund.
Corporate bond maturity in 2024 remains high: MoF

Corporate bond maturity in 2024 remains high: MoF

The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
Support clearance procedures for imported gold for bidding

Support clearance procedures for imported gold for bidding

VCN - The State Bank (SBV) has sent a document to competent ministries and branches requesting coordination in implementing the Prime Minister's direction in gold market management.
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

VCN - According to forecasts, Vietnam's financial sector in 2024 will be more positive, with the exchange rate gradually cooling down from the end of the second quarter of 2024, while interest rates will remain low to promote growth.
Majority of credit institutions forecast profit growth in 2024

Majority of credit institutions forecast profit growth in 2024

A total of 86.2% of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Vietnam (SBV).
Central bank plans to auction gold bars on April 22

Central bank plans to auction gold bars on April 22

The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Old loans must endure higher interest rates temporarily: central bank

Old loans must endure higher interest rates temporarily: central bank

The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Read More

Your care

Latest Most read
Strictly monitor market fluctuations to appropriately adjust prices

Strictly monitor market fluctuations to appropriately adjust prices

VCN – In the second quarter and the remaining months of 2024, the price management and administrations need to effectively control inflation and remove difficulties for production and businesses, the Ministry of Finance reports.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electr
Mobile Version