Finance sector intensifies anti-corruption work

VCN - The Finance sector has intensified anti-corruption work to increase transparency and publicity in operations.
Anti-corruption efforts helping cut informal business costs Anti-corruption efforts helping cut informal business costs
Positive changes in anti-corruption work of Ministry of Finance Positive changes in anti-corruption work of Ministry of Finance
More cases put under supervision of central anti-corruption steering committee More cases put under supervision of central anti-corruption steering committee
The Ministry of Finance has strictly followed regulations on publicity and transparency in its operations. Photo: Thuy Linh.
The Ministry of Finance has strictly followed regulations on publicity and transparency in its operations. Photo: Thuy Linh.

Seriously handling harassment and negativity

The Ministry of Finance has strictly followed regulations on publicity and transparency in its operations, focusing on sensitive areas that are prone to corruption such as: Tax, Customs, personnel organization, procurement, management and use of public assets, estimation and settlement of annual budget, public debt data, inspection and audit.

Legal documents and administrative procedures under the management of the Ministry of Finance are promptly updated on the portal of the Ministry of Finance and other units in the sectors to help people access, search and follow information conveniently.

For example, for the Covid-19 Vaccine Fund established by the Prime Minister on May 26, 2021, the Ministry of Finance quickly issued Circular 41/2021 to guide the organization, operation, management, use and accounting, settlement and financial disclosure of the fund to ensure publicity, transparency and efficiency.

As the agency in charge of the fund, the State Treasury has summarized and widely publicized the amount of donated money.

In addition, agencies, organizations and units under the Ministry of Finance have all developed and strictly abided by codes of conduct and professional ethics in order to help cadres and civil servants strictly comply with regulations on performance and anti-corruption work and negativity prevention.

In particular, the General Department of Customs deployed a surveillance camera system and an online customs supervision room to allow people to monitor the process of customs clearance for imported and exported goods, entry and exit vehicles and control and prevent negative behavior of customs officers in a timely manner; established a hotline to receive feedback on troublesome and negative expressions of customs officers to take appropriate measures.

The General Department of Taxation has also strengthened discipline in the duty of the whole tax sector.

According to a report of the Ministry of Finance, in the past nine months of 2021, the entire Finance sector inspected the implementation of the codes of conduct of cadres and civil servants at 970 units. As a result, all cadres and civil servants strictly abide by the regulations in their duties and do not have an authoritarian attitude towards businesses.

Raising responsibility

The Ministry of Finance said the anti-corruption work of the finance sector has made positive changes in the actions and perceptions of cadres and civil servants, and has obtained important results such as preventing and repelling corruption, negative and wasteful acts; promptly and effectively responding to the requirements of the Government in the promulgation of norms, standards, regimes and reform of administrative procedures; contributing to strict implementation of measures to strengthen the prevention, control and response to the Covid-19 pandemic.

In the foreseeable future, the Ministry of Finance will strengthen handling harassment and trouble for people and businesses in duty to improve the effectiveness of the fight against corruption.

The ministry will effectively manage assets and income and regulations on declaration and disclosure of assets, income, and explanation of illegal income; clarify, and promptly handle those who commit acts of corruption and negativity.

The ministry will also review, amend, supplement and perfect financial management mechanisms and policies to ensure strictness, publicity and transparency to meet the requirements of anti-corruption work and anti-wastefulness, especially the norms, standards and regimes on management and use of the state budget, land, official residence houses, corporate finance, and regimes on gift giving and receiving in accordance with the Anti-Corruption Law.

Intensify anti-corruption solutions in the finance sector Intensify anti-corruption solutions in the finance sector

VCN - Recently, officials and civil servants of the finance sector have made positive changes in their ...

Moreover, the ministry will enhance inspection and supervision of the head of the unit in the performance of assigned tasks, the implementation of conclusions, rectification after inspection, the implementation of regulations on the personnel organization, especially in the recruitment, receipt, appointment and rotation of cadres to promptly detect and strictly handle violations.

By Thuy Linh/ Huyen Trang

Related News

Businesses can choose a suitable electronic invoice model generated from the cash register

Businesses can choose a suitable electronic invoice model generated from the cash register

VCN - The Ministry of Finance said that individual business households can choose a suitable model to apply electronic invoice solutions from cash registers, depending on the number of invoices used in the year, in the month and the current status of software solutions and technical infrastructure.
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.
Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024

Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024

VCN - The Ministry of Finance has just completed the draft Decree of the Government regulating the reduction of land rent in 2024. Accordingly, in the latest Draft, the Ministry of Finance directly proposed to choose the reduction level according to option 2 of 30%.
Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period

Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period

VCN - The Ministry of Finance is drafting a decree amending and supplementing a number of articles of Decree No. 115/2022/ND-CP dated December 30, 2022 of the Government promulgating Vietnam's preferential export tariff schedule and special preferential import tariff schedule to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the 2022-2027 period. The Decree is expected to take effect from the date of signing.

Latest News

Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.

More News

State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
Inspection report on gold trading activities being complied: SBV

Inspection report on gold trading activities being complied: SBV

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

VCN -The Government estimates that state budget revenue in 2024 will exceed VND 172.3 trillion, up 10.1% over the estimate, of which tax and fee revenue will reach 13.1% of GDP.
Ensure timely and effective management and use of public asset

Ensure timely and effective management and use of public asset

VCN – In order to promptly and effectively implement public asset management and use, ensuring compliance with legal regulations, the Ministry of Finance has just issued an official dispatch requesting ministries, branches and localities to comply with regulations in the Government’s Decree No. 114/2024/ND-CP dated September 15, 2024.
Accelerating decentralization in public asset management

Accelerating decentralization in public asset management

VCN - Amending the Law on Management and Use of Public Assets aims to improve regulations on accelerating decentralization and improving efficiency in management and use of public assets, and promoting financial resources, ensuring that the unified application the Law on Management and Use of Public Assets and other legal documents.
Difficulty in finding banks eligible to receive compulsory transfers

Difficulty in finding banks eligible to receive compulsory transfers

VCN - Reporting to the National Assembly, the State Bank of Vietnam (SBV) said that one of the difficulties in restructuring the credit institution system is the long process of finding and negotiating banks eligible to receive compulsory transfers.
State budget revenue estimate 2025 assessed as positive level despite potential challenges

State budget revenue estimate 2025 assessed as positive level despite potential challenges

VCN – Deputy Prime Minister and Minister of Finance Ho Duc Phoc said that the state budget revenue for 2025 is estimated at VND 1,966.8 trillion, an increase of 15.6% compared to the estimate for 2024.
Banks show positive results during third quarter

Banks show positive results during third quarter

Several banks have recently announced startling business performance results in the third quarter of 2024 and the first nine months of 2024.
Read More

Your care

Latest Most read
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigne
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

According to the report of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Mobile Version