Hanoi State Treasury reduces 50 hubs at unit level with over 70 leaderships positions

VCN - This information has been presented by Mr. Dao Thai Phuc, Director of Hanoi State Treasury at a meeting held on 29/1, for implementing key task results in 2017, for future direction in 2018. Accordingly, in 2017, Hanoi Treasury reduced 1 unit at division level; At the district State Treasury, they shifted work to specialists, reducing 50 team level hubs, and more than 70 leaderships respectively.
tin nhap 20180205082732
Mr. Đào Thái Phúc - Director of Hanoi State Treasury at the meeting on 29/1

In 2017, according to Mr. Phuc, the control of collection and expenditure by the Hanoi Treasury was 210,445 billion VND, reaching 102.8%, exceeding 15% for 2016. The management of State Budget collection has been deployed effectively. It has quickly and accurately, fully accounted remitted revenues, and regulated each budget level item for the Hanoi Treasury. In a nutshell, debt collection has been implemented drastically last year.

The work of controlling state budget expenditures via the Hanoi Treasury has also achieved good results. In the year 2017, the Hanoi Treasury tightened control over state budget expenditures, ensuring correct procedures and accuracy, and cost-effective expenditures for the state budget. "Hanoi Treasury strictly controls the procurement of cars and specialized equipment of agencies and units in accordance with standards and norms issued by competent authorities," Mr. Phuc said.

In terms of capital construction, in 2017, the Hanoi Treasury spent 11,242 billion VND of the Central budget, accounting for 82% of the current appropriation by spending 23.939 billion VND (69.6%) on local budgets.

The task of managing money and property is always taken care of by the Hanoi Treasury using many professional methods. For example, the strengthening of discipline with the implementation of mechanisms, policies, regulations, and professional processes. The implementation of a real collaboration mechanism between Hanoi Treasury and Police agencies in the areas of ensuring money security, measures for State properties in storage, and ‘on route’ mechanisms and daily transactions.

In particular, the administrative reforms and shakedown are effectively implemented by Hanoi Treasury in order to facilitate units using budgets, investors, and project management teams for State expenses transactions.

Besides the disclosure listing of procedures, dossiers and payment procedures at all treasury offices from 1/10/2017, and all state budget expenditures and other capital disbursed through Hanoi Treasury are implemented by the Expenditure Control Division, instead of the previous two divisions. To simplify the dossiers and vouchers on expenditure control, they have striven to shorten the processing time for dossiers and State budget expenditure documents at treasury units, by proceeding with the implementation of electronic payment. "In the past, it took 2 days to process recurring payments, but now it's reduced to just one day, and soon it's going to be in minutes. Investment expense control took 7 days, now it has reduced to 3 days," said Phuc.

In the direction and task for 2018, the Director of the Hanoi Treasury, Dao Thai Phuc, emphasized that they would continue to control state budget collection and expenditures in a strict and safe manner, by enhancing the role and responsibility of the Hanoi Treasury in coordination with the tax authorities, Customs, commercial banks, and by contributing for the completion of the state budget revenue in 2018.

Moreover, they are to organize the accounting work well, payments for safety, supply information and report fully, promptly and accurately by ensuring the security and safety of money and property, and by maintaining the safety of the agencies and order of each unit in the Hanoi Treasury. They will continue to streamline the organization and reform administrative procedures. They will also update and publicize processes, operations, and dossiers in the work place and on the sector website so that the people will able to update, implement and supervise.

By H.Giang/Thanh Thuy

Related News

Digital transformation of the payment industry takes new steps thanks to QR

Digital transformation of the payment industry takes new steps thanks to QR

VCN - Modern forms of payment are becoming more and more familiar to users. Electronic payment via card and contactless payment, especially QR code, also pops up as a typical form.
Strictly supervise all activities of the stock market

Strictly supervise all activities of the stock market

VCN - This is one of the directives of Permanent Deputy Minister of Finance Tran Xuan Ha at the meeting on Finance and Budget Work in April, implementing the budgetary and financial tasks in May held by the Ministry of Finance on May 5.
“Digitalize” the inspection and supervision of State Treasury

“Digitalize” the inspection and supervision of State Treasury

VCN – The mission set out for the State Treasury is to digitalize inspection and supervision in order to ensure the modernization schedule of payment control of state budget expenditure towards a “digital treasury”.
State budget revenue in 2021 reaches the finish line a month early

State budget revenue in 2021 reaches the finish line a month early

VCN - According to Ministry of Finance, despite being severely affected by the Covid-19 pandemic, with drastic and flexible management, state revenue collection in 11 months of 2021 still ensured the progress of current appropriation. It also increased over the same period last year. By the end of November, the revenue collection of 2021 has reached the target for the whole year.

Latest News

Efficiency from inspection and supervision - a key factor for a transparent stock market

Efficiency from inspection and supervision - a key factor for a transparent stock market

VCN - Since the 2019 Securities Law officially took effect, the average annual number of penalty decisions has more than doubled compared to the period 2015-2020. This shows that the strictness of the law is being enforced effectively.
SBV approves designation of 14 important banks in 2024

SBV approves designation of 14 important banks in 2024

The State Bank of Vietnam (SBV) has issued Decision No. 538/QD-NHNN approving the group of credit institutions and foreign bank branches which play an important role in the country's banking system in 2024.
Central bank urges card issuers to review procedures

Central bank urges card issuers to review procedures

The State Bank of Vietnam (SBV) has issued a directive, demanding commercial banks to review their procedures in issuing and managing bank cards.
Warning about impersonating tax authorities to commit fraud during  tax finalization month

Warning about impersonating tax authorities to commit fraud during tax finalization month

VCN - The Tax industry has continuously provided information and issued warnings about impersonating tax officials and tax authorities to commit fraud against taxpayers, but there are still people who fall into the trap of these fraudsters, especially during the peak month of tax settlement.

More News

“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.
Effectively apply M&A to go long distance

Effectively apply M&A to go long distance

VCN - With advantages such as being cheaper than domestic capital, and accompanied by many factors such as technology, skills, management, market... foreign capital is a popular trend among businesses. Domestic enterprises seek through M&A activities to ensure sustainable development for the future.
Hanoi State Treasury proactively digitizes and transforms operating methods

Hanoi State Treasury proactively digitizes and transforms operating methods

VCN - Hanoi State Treasury always proactively transforms and reforms its operating methods with the motto of “taking customers as the center” and taking the satisfaction of organizations and individuals as a measured level of task completion by civil servants.
The Ministry of Finance continues to strongly improve the business environment, reducing the rate of businesses temporarily suspending operations

The Ministry of Finance continues to strongly improve the business environment, reducing the rate of businesses temporarily suspending operations

VCN - The Ministry of Finance aims to continue to strongly improve the business environment, create a healthy competitive environment, rapidly increase the number of newly established businesses, and reduce the rate of businesses temporarily suspending operations; reduce input costs and legal compliance costs in investment and business activities, reduce policy risks, strengthen trust, create a fulcrum for recovery and improve business resilience.
Vietnam tackles obstacles to stock market upgrade

Vietnam tackles obstacles to stock market upgrade

Vietnam's ambition to elevate its stock market from "frontier" to "emerging" status by 2025 faces two key hurdles, including pre-trade margin requirements for foreign investors and foreign ownership ratios in certain sectors, said Deputy Director of the Securities Market Development Department under the State Securities Commission (SSC) Pham Thi Thuy Linh.
Looking forward clear instructions in tax finalization in 2023

Looking forward clear instructions in tax finalization in 2023

VCN - Mr. Hoang Quang Phong (photo), Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) discussed supporting taxpayers in tax finalization in 2023.
Proactive in dealing with exchange rate pressure

Proactive in dealing with exchange rate pressure

VCN - Recently, the State of Bank (SBV) withdrew VND 30,000 billion through the T-bills channel, contributing to reducing exchange rate pressure. This is just one of the moves of the monetary policy management agency to stabilize the foreign exchange market, contributing to supporting the macro economy as well as import-export business activities of enterprises.
Tax sector accompanies and supports tax finalization

Tax sector accompanies and supports tax finalization

VCN - In the first months of 2024, the Tax sector has deployed peak months to support tax finalization in many different forms, thereby solving many problems in settlement of corporate income tax and personal income tax for taxpayers.
Minister of Finance: Fairness and transparency for the insurance market

Minister of Finance: Fairness and transparency for the insurance market

VCN - According to Minister of Finance Ho Duc Phoc, the Ministry has strengthened inspections to correct violations in the insurance sector, demonstrating fairness and transparency in the market.
Read More

Your care

Latest Most read
Efficiency from inspection and supervision - a key factor for a transparent stock market

Efficiency from inspection and supervision - a key factor for a transparent stock market

VCN - Since the 2019 Securities Law officially took effect, the average annual number of penalty decisions has more than doubled compared to the period 2015-2020. This shows that the strictness of the law is being enforced effectively.
SBV approves designation of 14 important banks in 2024

SBV approves designation of 14 important banks in 2024

The State Bank of Vietnam (SBV) has issued Decision No. 538/QD-NHNN approving the group of credit institutions and foreign bank branches which play an important role in the country's banking system in 2024.
Central bank urges card issuers to review procedures

Central bank urges card issuers to review procedures

The State Bank of Vietnam (SBV) has issued a directive, demanding commercial banks to review their procedures in issuing and managing bank cards.
Warning about impersonating tax authorities to commit fraud during  tax finalization month

Warning about impersonating tax authorities to commit fraud during tax finalization month

VCN - The Tax industry has continuously provided information and issued warnings about impersonating tax officials and tax authorities to commit fraud against taxpayers, but there are still people who fall into the trap of these fraudsters, especially dur
“3 priorities, 3 breakthroughs” in task deployment of State Treasury

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

To 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.
Mobile Version