Minister of Finance: Adherence to the reality to implement solutions to ensure national financial security

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The Minister Dinh Tien Dung delivered a speech at the conference on 8th January 2018

In 2017, the Finance sector has proactively proposed and focused on strictly and synchronously implementing fiscal and budgetary solutions set by the National Assembly and the Government; completed 100% of the program of development of laws, ordinances and resolutions of the National Assembly, the National Assembly Standing Committee, the Government and the Prime Minister; focused on administrative reform and capacity building, contributing to actively improving the business environment and raising the national competitiveness.

Besides, the Ministry has fulfilled task of revenue collection and payment in an economical and efficient manner and controlled state budget deficit in the estimate approved National Assembly; initially deployed effectively Resolution No. 07-NQ / TW dated 18th November 2016 of the Politburo on policies and measures to restructure the state budget and public debt management to ensure the national finance safe and sustainable; operated financial and securities market to develop in a modern and perfect model in order to better serve the target of capital mobilization, SOE restructuring and economic growth; implemented well price management, contributing to controlling inflation; and deployed policies on social security in a timely fashion, creating the trust of the society into the leadership of the Party and Government.

In addition to the achieved results, there were still shortcomings, limitations to be overcome: the management of state budget revenues in some areas and fields were not fierce; the monitoring and management of actual situation and performance of enterprises were not strict, recoverable outstanding tax debts were still big; the non compliance with regulations and standards in some units still occurred, the progress of SOE restructuring, equitization and divestment was still lower than required, especially some contents set out in the Prime Minister's guidelines. In the coming time, the finance sector will deploy more drastically and methodologically.

In 2018, the key year of five-year financial and budget plan (2016-2020), it was forecasted that the Finance sector would face many difficulties and challenges both from the international economy and domestic economy. In the spirit of the Government's 2018 executive theme, "Discipline, Integrity, Action, Creativity, Effectiveness", the report on "Assessing the implementation of Fiscal and budgetary task in 2017 and deploying fiscal and budgetary task in 2018” set out 9 groups with 29 specific solutions to fulfil the fiscal and budgetary task in 2018. During the implementation, the Ministry of Finance will closely follow the reality in order to adjust and supplement appropriate management solutions so as to achieve the highest results in the implementation of fiscal and budgetary tasks, to ensure public debt safety and national financial security.

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Despite the difficult economic context and heavy tasks, in response to the trust of the Party, State, National Assembly and Government and especially the Prime Minister; the attention, coordination and sharing of the ministries and sectors, the Party committees, the local authorities, the business community and the people, the Finance sector promised the Prime Minister to continue promoting solidarity, unity and joint efforts to overcome the difficulties and challenges and determination to successfully implement the fiscal and budgetary task assigned by the Party, State and people.