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Three key tasks

The action plan aims to raise the initiative, innovation and creativity of each cadre, Party member and official of the Ministry of Finance in implementation of financial - State budget tasks to effectively reach the socio-economic development targets set out in the Resolution of the 13th Party Congress.

In addition to understanding and disseminating the resolution, the Ministry of Finance must also promote the application of scientific and technology achievements in its duty performance.

In addition, the action plan is to mobilise, allocate and use effectively resources, including financial resources to support social and economic development. Specifically, the Ministry will focus on improving financial-budgetary institutions, ensuring uniformity, synchronisation, publicity and transparency, associated with improving the effectiveness and efficiency of law enforcement in the finance sector; continue to restructure the State budget, public debts and keep national finance security; fulfil the task of reorganising State-owned enterprises; complete the plan to divest state capital in enterprises under the Prime Minister's decision; and continue to review, restructure and improve operational efficiency of financial and securities markets.

Therefore, the ministry has set three key tasks: studying and disseminating the 13th Party Congress Resolution, Decree 50 of the Government on the action plan to implement the resolution; focusing on carrying out political tasks and State management task of the Ministry of Finance and consolidating the apparatus.

Accordingly, the Ministry of Finance identifies the task of consolidating the apparatus to meet requirements on effective State management, reform and modernisation of the finance sector and international integration.

Focus on performing well the State management function of the Ministry of Finance

One of the key tasks of the ministry in implementing the 13th Party Congress Resolution is performing the political tasks and state management of the Ministry of Finance and the finance sector.

To carry out this task, the ministry introduced 11 solutions, including:

Strengthening the effectiveness and efficiency of financial institutions; restructuring State budget revenue, reforming state budget mobilisation policies towards ensuring sustainability in both scale and structure;

Enhancing efficiency of financial allocation and use in association with the process of economic restructuring and growth model innovation;

Strengthening the management of budget deficit, continuing to restructure public debt efficiently and sustainably to ensure national financial security;

Strengthening management and effective use of public assets;

Reforming the financial mechanism for public delivery service units, completing the giving of comprehensive autonomy to the private sector;

Speeding up the restructuring of State-owned enterprises;

Reforming the management of State capital invested in enterprises;

Developing transparent and efficient financial markets and financial services;

Improving the effectiveness of foreign affairs, integration and raising the position of Vietnam in the international arena in the financial field;

Tightening financial and State budget discipline, expanding inspection and control in anti-corruption, thrift practice and waste combat, fight against smuggling and trade fraud;

Creating breakthroughs in administrative reform, promoting the construction of the e-Government and conducting national digital transformation in the financial sector.