Financial Law Day 2017: Strengthening institutional and financial policy reform

VCN- The Minister of Finance has just signed the Decision No. 1572 / QD-BTC on the implementation of the Law Day of the Socialist Republic of Vietnam and Financial Law in 2017.
financial law day 2017 strengthening institutional and financial policy reform Optimization of electronic financial transactions
financial law day 2017 strengthening institutional and financial policy reform State Treasury urgently prepares pilot state financial report
financial law day 2017 strengthening institutional and financial policy reform Reduce cross-ownership of credit institutions: Directing is not enough
financial law day 2017 strengthening institutional and financial policy reform
Dialogues between financial units and enterprises will be actively implemented in 2017. Photo: H.Nu.

The theme of the Law Day this year was selected by the Ministry of Finance was to "Continue to improve institutions, improve the business environment, enhance national competitiveness, innovate and improve the efficiency of the Law, anti-corruption, anti-waste, promote administrative reform, remove obstacles, difficult to support people and businesses”.

In order to implement the Law Day effectively, associated with the performance of tasks of the Finance sector, the Ministry of Finance has put specific actions in connection with the four key tasks.

In the development of legal normative documents, units in the sector will focus on absorbing, revising and finalizing the bill to submit to the Government for submission to the National Assembly for comments and approval of the Law on Debt Management and the Law amending and supplementing some articles of the Law on Environmental Protection Tax; focus on reviewing law enforcement; survey and evaluate the current state of social relations; study and elaborate the content of the policy; organize the collection of comments from concerned agencies and organizations for finalization of dossiers of application for making law proposals for bills amending or supplementing a number of tax Laws or draft law on tax administration, the Law on Securities (amended), the Bill on Property Tax;to meet the conditions for addition to the 2018 Law and Ordinance Development Program and register the building of the Law and ordinance program for 2019.

In the task of popularizing and educating the law, the Ministry of Finance will promote propaganda and dissemination widely on the mass media, newspapers and magazines. At the same time, promoting the implementation of the Law on the Management and Utilization of Public Assets and documents guiding the implementation of the State Budget Law, the Law on Charges and Fees, the Law on Accounting (revised), the Export and Import Duty law (revised); promoting propaganda on policies, documents, results of law enforcement and administrative reform in newspapers and magazines inside and outside the financial sector; organizing seminars, exchanges and training on legal work.

In the reform and simplification of administrative procedures, the units of the financial sector shall continue to strictly control the issue of administrative procedures, ensuring that they do not stipulate administrative procedures in the circulars. The Ministry of Finance shall not issue new administrative procedures when it find it unnecessary; review, simplify and improve the implementation of administrative procedures; promptly announce and publicize administrative procedures under its management to ensure that people and enterprises can access to information on administrative procedures in a timely, adequate and convenient manner; focus on renovating and intensifying the application of information technology to administrative procedures; continue to strengthen online public services, with a focus on taxation and customs.

In the legal support for businesses, the whole sector shall timely control legal information and dialogues, remove difficulty and obstacles in the practical application of legal documents for enterprises, people, taxpayers, and customs declarers; step up activities of solving and answering enterprises' problems in the implementation of legal documents and administrative procedures, especially newly arising problems; continue reviewing and timely updating new legal documents on the National Database of the Law.

financial law day 2017 strengthening institutional and financial policy reform Credit is loosened to avoid negative consequences

VCN- According to the National Financial Supervisory Commission, it is estimated that by the end of July ...

It is known that in the past four years, the implementation of the provisions of Law on the Law Day of the Socialist Republic of Vietnam and the Day of Financial Law has been effectively and deeply implemented by the Ministry of Finance with the central contents in line with the work of building and organizing the implementation of the financial law. Thereby, contributing to raising the sense and responsibility of cadres and civil servants in performing the tasks of building and organizing the implementation of legal documents and reforming the simplification of administrative procedures. At the same time, specific activities related to legal support for enterprises, guidance and solutions to problems in the implementation of legal documents and administrative procedures have contributed to promoting the quality of law dissemination and education.

By Hong Van/ Hoang Anh

Related News

Vietnam is ready to welcome a new wave of investment in the semiconductor industry

Vietnam is ready to welcome a new wave of investment in the semiconductor industry

VCN - Deputy Minister of Planning and Investment Tran Duy Dong (Photo) gave an interview to Customs Magazine about Vietnam's preparations to attract FDI into the semiconductor industry.
Ho Chi Minh City Customs reforms and implements digital customs to better support businesses

Ho Chi Minh City Customs reforms and implements digital customs to better support businesses

VCN - On April 25, talking to the business community at the dialogue conference between businesses and city authorities on customs, Deputy Director of Ho Chi Minh City Customs Department Nguyen Huu Nghiep said that Ho Chi Minh City Customs has proactively improved procedures and implemented digital customs to better support businesses.
Why more than 100 Vietnamese means of transport detained in China?

Why more than 100 Vietnamese means of transport detained in China?

VCN - From the beginning of 2023, in Lao Cai area, there have been more than 100 Vietnamese means of transport detained in China.
Investing in wages is investing in development

Investing in wages is investing in development

VCN - According to Dr. Bui Sy Loi (photo), senior expert of the Ministry of Labor, War Invalids and Social Affairs, former Deputy Chairman of the National Assembly's Committee on Social Affairs, the National Assembly's adoption of the reform policy salaries, resource decisions and salary reform policies on July 1, 2024 is a suitable time, both historical and topical, contributing to ensuring life, creating peace of mind for staff, civil servants, public employees and workers.

Latest News

Many tax management solutions for e-commerce

Many tax management solutions for e-commerce

VCN - In Vietnam, the e-commerce market is increasingly growing and expanding with a diversity of operating models, many participants... posing great challenges for tax management.
Completely resolve problems and accelerate public investment disbursement

Completely resolve problems and accelerate public investment disbursement

VCN - In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year. However, to further speed up this work, the Ministry of Finance believed that it needed to urgently overcome problems that have existed for a long time, especially in key projects.
Tax, land rent payment deadlines to be extended this year

Tax, land rent payment deadlines to be extended this year

Payment deadlines for value added tax (VAT), corporate income tax, personal income tax, and land rent in 2024 are set to be extended, involving a total tax value of nearly 84 trillion VND (3.3 billion USD).
Tax compliance management in the digital economy

Tax compliance management in the digital economy

VCN - The management of tax compliance in the digital economy has faced many challenges compared to the traditional economy. The transactions made via the internet environment and digital platforms have caused monitoring, controlling and management difficulties. Therefore, it is required to have appropriate solutions for management and ensuring revenue sources.

More News

Hai Phong: Budget revenue reached more than VND40,000 billion

Hai Phong: Budget revenue reached more than VND40,000 billion

VCN - The results of Hai Phong City's revenue collection achieved a good growth rate, expected to reach hundreds of trillion VND for the third consecutive year.
Price adjustment should be in implemented in appropriate time to control inflation

Price adjustment should be in implemented in appropriate time to control inflation

VCN – The increase in base salary, deposit interest rates, exchange rates and gold prices, and adjustment of prices of public services and State-managed goods are “threats” in price management and inflation control from now until the end of the year. However, Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance (Academy of Finance), these are not too big impacts, it is necessary to monitor and calculate the appropriate time and level.
Fiscal policy is expanded and flexible to promote economic growth 2024

Fiscal policy is expanded and flexible to promote economic growth 2024

VCN - Recently, the Ministry of Finance has proactively researched, proposed, and submitted to competent authorities as well as issued financial support policies for the economy, with a total of about VND700 trillion. This is a particularly important resource that contributes to promoting the economic recovery process after the pandemic. According to experts, in 2024, flexible and prudent fiscal policy will continue to be the foundation for the economy.
Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

VCN - In 2024, along with evaluating and summarizing the implementation of support solutions that have been issued, the Ministry of Finance will continue to coordinate with ministries and branches to closely monitor the actual situation and forecast the situation of socio-economic development to research and propose to competent authorities about support solutions on taxes and fees to apply in 2024.
Prevent corruption and group interests in developing financial laws

Prevent corruption and group interests in developing financial laws

VCN - In order to prevent corruption, group interests, and local interests, the Ministry of Finance requires its subordinate units to strengthen the building and perfecting legal system and law enforcement organization. Accordingly, the Ministry will strictly handle corruption, negative acts and group interests in policy development.
"Creativity in revenue collection to achieve set goals in difficult contexts"

"Creativity in revenue collection to achieve set goals in difficult contexts"

VCN - The Ministry of Finance held an online briefing conference to evaluate the implementation of financial and budget work in April and deploy the work program for May 2024. Minister of Finance Ho Duc Phoc chaired the conference.
Strive to effectively implement Global Minimum Tax in Vietnam

Strive to effectively implement Global Minimum Tax in Vietnam

VCN – The application of Qualifying domestic minimum top-up tax (QDMTT) in implementing Global Minimum Tax allows to deduct the value of tangible assets and salaries when calculating top-up tax. This shows that the Global Minimum Tax aims to encourage the actual investment activities in the investment recipient country through the existence of tangible assets and workers, Deputy Director General of the General Department of Taxation Dang Ngoc Minh said.
State Treasury raises over $890 million  worth of G-bonds in April

State Treasury raises over $890 million worth of G-bonds in April

The State Treasury mobilised nearly VNĐ22.75 trillion (US$894.52 million) worth of Government bonds in April via 17 auctions on the Hanoi Stock Exchange (HNX).
State expenditure in the first four months of 2024 reaches VND522.2 trillion

State expenditure in the first four months of 2024 reaches VND522.2 trillion

VCN – In the first four months of the year, the State budget spending was performed under the estimate, meeting requirements of socio-economic development, national defense, security, and state management and payment of due debts.
Read More

Your care

Latest Most read
Many tax management solutions for e-commerce

Many tax management solutions for e-commerce

VCN - In Vietnam, the e-commerce market is increasingly growing and expanding with a diversity of operating models, many participants... posing great challenges for tax management.
Completely resolve problems and accelerate public investment disbursement

Completely resolve problems and accelerate public investment disbursement

In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year.
Tax, land rent payment deadlines to be extended this year

Tax, land rent payment deadlines to be extended this year

Payment deadlines for value added tax (VAT), corporate income tax, personal income tax, and land rent in 2024 are set to be extended, involving a total tax value of nearly 84 trillion VND (3.3 billion USD).
Tax compliance management in the digital economy

Tax compliance management in the digital economy

The management of tax compliance in the digital economy has faced many challenges compared to the traditional economy.
Hai Phong: Budget revenue reached more than VND40,000 billion

Hai Phong: Budget revenue reached more than VND40,000 billion

The results of Hai Phong City's revenue collection achieved a good growth rate, expected to reach hundreds of trillion VND for the third consecutive year.
Mobile Version