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

Ministry of Finance conducts general verification of public assets

Ministry of Finance conducts general verification of public assets

VCN - The Ministry of Finance issued Decision No.798/QĐ-BTC on the plan for implementing Decision No.213/QĐ-TTg of the Prime Minister approving the scheme on general verification of public assets at agencies, organizations, and units as well as infrastructures that are invested and managed by the State.
Reporting to the National Assembly for considering VAT reduction in the second half of 2024

Reporting to the National Assembly for considering VAT reduction in the second half of 2024

VCN - The Government assigned the Ministry of Finance to summarize and evaluate the results of reducing VAT rates to report at the 7th Session, and the 15th National Assembly for consideration and allowing to implementing in the second half of 2024.
Budget revenue collection for the first quarter of 2024 achieved quite well compared to current appropriation

Budget revenue collection for the first quarter of 2024 achieved quite well compared to current appropriation

VCN - In the first 3 months of 2024, total revenue collection is estimated to reach VND539.5 trillion, equal to 31.7% of current appropriation, an increase of 9.8% over the same period in 2023. According to the Ministry of Finance's assessment, revenue of the first quarter of 2024 is quite good compared to current appropriation, mainly due to the concentration of revenues arising in the fourth quarter of 2023 and the difference according to the tax finalization 2023 following the regime of declaration and payment to the state budget in the first quarter of 2024.
“3 priorities, 3 breakthroughs” in task deployment of State Treasury

“3 priorities, 3 breakthroughs” in task deployment of State Treasury

VCN - To complete the task from now until the end of 2024 and successfully implement the State Treasury Development Strategy as planned, Deputy Minister of Finance Bui Van Khang stated "3 priorities, 3 breakthroughs" " and 7 notes in task performance.

Latest News

Banks record positive business indicators in Q1 2024

Banks record positive business indicators in Q1 2024

According to experts, the prosperity of the banking industry in the period came from many supporting factors, including favourable policies to credit growth.
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor

The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor

VCN- In the document sent to the Ministry of Planning and Investment (MPI) regarding the implementation of Resolution No. 01/NQ-CP in the field of state finance and budget in March 2024, the Ministry of Finance stated that it actively implemented projects to build and improve institutions, ensuring the balance of the state budget and stability in the financial market and prices.
IASB recommends Vietnam prepare infrastructure to apply IFRS

IASB recommends Vietnam prepare infrastructure to apply IFRS

VCN - Applying “International Financial Reporting Standards (IFRS) will help businesses improve the quality of financial reporting and enhance the quality of explanation, but there are still many difficulties in transformation.
Strong decentralization for ministries, branches and localities to manage and use electricity projects

Strong decentralization for ministries, branches and localities to manage and use electricity projects

VCN - Responding to petitions from voters in Lao Cai province related to problems in handing over public assets such as power grid projects to the electricity industry for management, the Ministry of Finance said that it has submitted to the Government to promulgate Decree No. 02. /2024/ND-CP on transferring power projects as public assets to Vietnam Electricity Group (EVN).

More News

The Tax sector’s revenue collection reached 33% of current appropriation

The Tax sector’s revenue collection reached 33% of current appropriation

In the first quarter of the year, total revenue managed by Tax agency was estimated at VND490,196 billion, equal to 116.9% of the current appropriation in the first quarter, equivalent to 33% of the current appropriation, an increase of 10.9% over the same period in 2023
Savings interest rates begin rising amid slowing bank deposits

Savings interest rates begin rising amid slowing bank deposits

While some commercial banks continue lowering deposit interest rates, others are increasing the rates, particularly for term deposits of 12 months or longer.
Removing bottlenecks to develop the green bond market

Removing bottlenecks to develop the green bond market

VCN - Currently, there are still many bottlenecks for the development of the green finance market and green bonds. Therefore, solutions are needed to increase resources for businesses and the economy.
Improving legal framework, ensuring accessibility to green bonds

Improving legal framework, ensuring accessibility to green bonds

VCN - This is the recommendation of Mr. Nguyen Tung Anh (photo), Head of Credit Risk Research and Sustainable Financial Services (FiinRatings) in an interview with Customs Magazine reporters about green bond market development in Viet Nam.
Foreign experts discuss ways to help Vietnam upgrade stock market

Foreign experts discuss ways to help Vietnam upgrade stock market

Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong has held a working session with representatives from FTSE Russell and Morgan Stanley to discuss how to upgrade the Vietnamese stock market.
Ambitious profit goals of banks

Ambitious profit goals of banks

VCN - With low profits and expectations of a better economic situation, banks "boldly" submitted to the General Meeting of Shareholders profit targets with high growth rates.
PM demands strengthened gold market management

PM demands strengthened gold market management

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.
Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

VCN - The Ministry of Finance said that the total balance of budget expenditure in March was estimated at VND140.3 trillion; accumulated budget expenditures in the first quarter of 2024 reached VND393.5 trillion, equal to 18.6% of current appropriation, an increase of 8.3% over the same period in 2023.
Inflationary pressure stems  from commodity price fluctuations

Inflationary pressure stems from commodity price fluctuations

VCN – According to a report from the Ministry of Finance, the domestic market prices in the first quarter were stable and fluctuated in accordance with the price management scenario of the Price Management Steering Committee. However, the current impact from adjusting the prices of essential goods is a pressure on inflation control.
Read More

Your care

Latest Most read
Banks record positive business indicators in Q1 2024

Banks record positive business indicators in Q1 2024

According to experts, the prosperity of the banking industry in the period came from many supporting factors, including favourable policies to credit growth.
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor

The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor

VCN - According to the report from the Ministry of Finance, the cumulative state budget revenue in the first quarter of 2024 reached 539.5 trillion VND, equal to 31.7% of the estimate, an increase of 9.8% compared to the same period in 2023.
IASB recommends Vietnam prepare infrastructure to apply IFRS

IASB recommends Vietnam prepare infrastructure to apply IFRS

VCN - Applying “International Financial Reporting Standards (IFRS) will help businesses improve the quality of financial reporting and enhance the quality of explanation, but there are still many difficulties in transformation.
Strong decentralization for ministries, branches and localities to manage and use electricity projects

Strong decentralization for ministries, branches and localities to manage and use electricity projects

The Ministry of Finance has submitted to the Government to promulgate Decree No. 02. /2024/ND-CP on transferring power projects as public assets to Vietnam Electricity Group (EVN).
The Tax sector’s revenue collection reached 33% of current appropriation

The Tax sector’s revenue collection reached 33% of current appropriation

In the first quarter of the year, total revenue managed by Tax agency was estimated at VND490,196 billion, equal to 116.9% of the current appropriation in the first quarter,
Mobile Version