Improve the quality of inspection and examination activities of the State Treasury

VCN - To 2030, the State Treasury system will promote specialized inspection and inspection activities through the digital environment and information system to meet innovation requirements, in line with the development strategy of the state treasury to 2030.
Online public service: Contributing to promoting the disbursement progress of public investment capital Online public service: Contributing to promoting the disbursement progress of public investment capital
Guiding preparation of provincial state financial statements for 2021 Guiding preparation of provincial state financial statements for 2021
Improving quality of State financial statements Improving quality of State financial statements
The State Treasury will continue to build a professional inspection system to meet innovation requirements. Photo: Thuy Linh
The State Treasury will continue to build a professional inspection system to meet innovation requirements. Photo: Thuy Linh

On average, 1,359 internal audits are performed per year

According to the State Treasury's statistics, since 2014, the State Treasury system has carried out nearly 10,876 internal checks. On average, the State Treasury system performs 1,359 inspections per year. In addition, the units also conduct unscheduled inspections under the direction of unit leaders or when there are signs of violations; self-inspection has been paid attention to by the units and implemented regularly and continuously.

Not only ensuring the completion of the quantity but also the quality of the tests is always a focus for the units. By attaching the responsibility of inspectors to the detection of errors and violations at the unit, the quality of inspections has been significantly improved.

Most of the errors and violations at the inspected unit have been detected, thereby taking corrective and timely measures.

In internal supervision, from the end of 2020, the State Treasury has deployed an online utility to look up public service data for inspection and examination.

Through this utility, officers at the State Treasury units and the State Treasury of provinces and cities are entitled to look up data on online public services. In case problems are detected, they should warn the units in the State Treasury system, or plan for periodic and unexpected inspections. The State Treasury has established criteria for monitoring activities for "Receiving dossiers" on online public services, ensuring no later than eight working hours as prescribed; monitoring multiple returned payment records through online public services; overdue dossiers shall be handled according to the Government's regulations on administrative procedures in the field of State Treasury.

The State Treasury decentralizes the provincial State Treasury to actively monitor the observance of regulations on the receipt and processing of transaction records via online public services on the Lookup Utility. Simultaneously, the State Treasury performed the output of electronic payment tracing data with the bank, data on the use of digital certificates from the State Treasury's server to coordinate with the provincial State Treasury to remotely monitor the compliance of electricity tracing, management security, and use of digital certificates.

The purpose is to correct the working style and warn of possible risks at the State Treasury at all levels. This is a new way of doing things in internal inspection and supervision of the State Treasury, marking the first step towards the goal of digitalizing inspection and examination, towards inspection and examination through the electronic environment, digital environment and information system of the State Treasury, in line with the roadmap for implementing electronic State Treasury, towards digital State Treasury.

Particularly for specialized inspection, over the past six years of implementation (2016 - 2022), the whole system has deployed nearly 1,665 specialized inspections, issued 295 sanctioning decisions with an amount of over VND1 billion, proposed administrative handling of over VND 68 billion. Up to now, specialized inspections have been gradually expanded to include large units, with a more comprehensive scope of inspection contents. Through specialized inspection, the role and position of the State Treasury have been enhanced.

Simultaneously, it has contributed to helping budget-using units be aware of budget expenditures being reasonable, in accordance with standards and regimes, not for the wrong purposes, not wasting state budget resources, and contributing to improving the efficiency of state budget management.

Upgrading application programs for inspection and examination

The development strategy of the State Treasury to 2030 is to raise the position and role of economic concentration activities in performing the functions and tasks of the State Treasury; modernizing inspection and examination, build a professional inspection and examination system, meet the requirements of innovation, in line with the State Treasury Development Strategy to 2030.

According to Mr. Dinh Manh Tuan, Director of the Inspection and Examination Department, the State Treasury determines the key point of the State Treasury's specialized inspection on the basis of risk assessment and the level of development of the internal audit function at ministries, branches and localities; promoting specialized inspection and inspection activities through the digital environment and information system.

The State Treasury will also strengthen the internal inspection and control system; develop the risk control function; build regulations and conduct internal audits of the State Treasury. At the same time, advise and support the development of internal audit function on finance - budget at ministries, branches, budget-using units and localities.

The State Treasury development strategy to 2030 has also identified the goal of renovating the method of controlling state budget expenditures in the direction of shifting from "pre-check" to "post-check", along with risk control, enhancing to inspect and examination of cases with signs of violations.

According to Mr. Dinh Manh Tuan, in order to successfully accomplish the above goal, the State Treasury will review and amend internal inspection regulations and procedures, ensuring a legal corridor for inspection activities in the context of real State Treasury activities based on information technology.

Along with that, in the specialized inspection, the State Treasury will study and develop assessing criteria according to the level of risk for budget-using units. At the same time, studying to gradually expand the content of specialized inspection related to state budget collection operations such as implementing fee collection on temporary collection accounts at commercial banks, final settlement of the state budget balance at the end of the day at the commercial banking system, etc.

Especially, the State Treasury will study to upgrade the application program for inspection and examination to ensure the operation and fully exploit the available data sources on online public service programs, the Budget Information Management System and Treasury, bilateral payments, interbank payments, centralized budget collection coordination, optimizing the use, exploiting existing databases on professional programs of the State Treasury.

By Thuy Linh/Phuong Linh

Related News

General Department of Customs strengthen discipline in public services

General Department of Customs strengthen discipline in public services

VCN - To strengthen administrative discipline, public service ethics and office culture, the General Department of Customs has seriously disseminated and concretized them into resolutions, directives, regulations and rules to ensure unified implementation throughout the system.
Get opinions on perfecting regulations on procedures, inspection, supervision and customs control

Get opinions on perfecting regulations on procedures, inspection, supervision and customs control

VCN - In order to perfect regulations and measures to implement the Customs Law on customs procedures; customs inspection, supervision and control, on November 7, 2024, the General Department of Customs organized a Workshop to collect opinions from local customs units and the business community on the draft Decree amending and supplementing Decree 08/2015/ND-CP and Circular amending and supplementing Circular 38/2015/TT-BTC.
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.
State Treasury to auction VND128,000 billion of government bonds in Q4/2024

State Treasury to auction VND128,000 billion of government bonds in Q4/2024

VCN - The State Treasury (KBNN) has announced the plan to auction of VND128,000 billion of government bonds in Quarter 4, 2024, including the issuance volume for Vietnam Social Security.

Latest News

Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Banks set for aggressive bond issuance in 2025 to fuel growth

Banks set for aggressive bond issuance in 2025 to fuel growth

With a higher credit growth goal set by the SBV, banks are ramping up their efforts to secure funding through bond issuance.
Central bank cuts interest rate on bills for first time in 2025

Central bank cuts interest rate on bills for first time in 2025

According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on February 14.
Focusing on inspecting inventory of public assets at units with large and complex assets

Focusing on inspecting inventory of public assets at units with large and complex assets

VCN - According to Official Dispatch No. 1456/BTC-QLCS on inspecting the preparation and implementation of the General Inventory of Public Assets recently issued by the Ministry of Finance, the inspection of the inventory of public assets focuses on units with large asset scale and large number of inventory items, complex assets, and slow implementation progress.

More News

The government seeks approval for revised GDP, CPI targets

The government seeks approval for revised GDP, CPI targets

VCN - The Government submitted to the National Assembly for consideration and comments on adjusting the target for the growth rate of gross domestic product (GDP) to 8% or more; the average growth rate of the consumer price index (CPI) to about 4.5-5%.
Fiscal, monetary policies support demand stimulation, price stabilisation

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people’s livelihoods.
Vietnam secures VND 157 billion from state enterprise divestment in 2024

Vietnam secures VND 157 billion from state enterprise divestment in 2024

VCN - The Ministry of Finance reported that in 2024, the divestment of state capital in 5 enterprises (F1) generated VND 157 billion from an initial value of VND 145 billion
Vietnam gears up for potential inflation impact in 2025

Vietnam gears up for potential inflation impact in 2025

VCN - For sound price management and inflation control, Deputy Prime Minister Ho Duc Phoc directed officials to vigilantly track both domestic and international market dynamics. The goal is to proactively develop flexible strategies and solutions, enabling a swift response to any emerging challenges.
VN’s credit conditions in 2025 expected to be stable

VN’s credit conditions in 2025 expected to be stable

The credit conditions for Việt Nam will stabilise in 2025, after improving substantially over the past year, the rating agency VIS is forcasts.
State revenue in first month of the year equal to 14% of the estimate

State revenue in first month of the year equal to 14% of the estimate

VCN - According to the Ministry of Finance, in January - the first month of 2025, the total state budget revenue is estimated at VND275.9 trillion, equal to 14% of the estimate; meanwhile, the total state budget expenditure is estimated at VND134.4 trillion.
Securities 2025 expects a breakthrough in scale and quality

Securities 2025 expects a breakthrough in scale and quality

VCN – The positive factors inherent in the macro economy and the Vietnamese stock market will continue to create the foundation for the market to maintain stability, good liquidity, and growth in both scale and quality in the new year of At Ty 2025, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said.
Cash reserves in stock accounts at six-quarter low amid margin rise

Cash reserves in stock accounts at six-quarter low amid margin rise

These funds are readily available in investor accounts, but remained undeployed as of the year-end.
Five solutions for developing stock market in 2025

Five solutions for developing stock market in 2025

VCN - On February 5, 2025, at the Gong-beating ceremony to open the stock trading at the Ho Chi Minh City Stock Exchange (HOSE), Deputy Minister of Finance Nguyen Duc Chi introduced five solutions for comprehensive development of the stock market.
Read More

Your care

Latest Most read
Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Banks set for aggressive bond issuance in 2025 to fuel growth

Banks set for aggressive bond issuance in 2025 to fuel growth

With a higher credit growth goal set by the SBV, banks are ramping up their efforts to secure funding through bond issuance.
Central bank cuts interest rate on bills for first time in 2025

Central bank cuts interest rate on bills for first time in 2025

According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on February 14.
Focusing on inspecting inventory of public assets at units with large and complex assets

Focusing on inspecting inventory of public assets at units with large and complex assets

VCN - According to Official Dispatch No. 1456/BTC-QLCS on inspecting the preparation and implementation of the General Inventory of Public Assets recently issued by the Ministry of Finance, the inspection of the inventory of public assets focuses on units
The government seeks approval for revised GDP, CPI targets

The government seeks approval for revised GDP, CPI targets

The Government submitted to the National Assembly for consideration and comments on adjusting the target for the growth rate of gross domestic product (GDP) to 8% or more
Mobile Version