Ministry of Finance conduct comprehensive administrative reform, contributing to promoting economic development.

VCN - The administrative reform campaign of the Ministry of Finance has received increasingly attention and become more established, the quality and efficiency of work has been more distinct day by day. The Ministry of Finance’s leaders have paid attention, instructed continuously to all areas of the finance-budget sector, helping to keep stability, restrain inflation, and stimulate economic-social growth. This result has been clearly shown in the result of the administrative reform campaign in the first 06 months of 2023.
The Ministry of Finance focuses on effectively implementing core information systems The Ministry of Finance focuses on effectively implementing core information systems
Ministry of Finance suggests not implement 50% reduction in car registration fee Ministry of Finance suggests not implement 50% reduction in car registration fee
Minister of Finance: Without controlling the maximum selling price, social housing to fall into the commercial channel Minister of Finance: Without controlling the maximum selling price, social housing to fall into the commercial channel
The taxation, customs, and treasury fields have been modernized, promoting the construction of e-government. Illustration by: Thuy Linh
The taxation, customs, and treasury fields have been modernized, promoting the construction of e-government. Illustration by: Thuy Linh

Tight control of administrative procedures

Since the beginning of 2023, the Ministry of Finance has developed and issued the 2023 administrative reform plan with key tasks and solutions aimed at continuing to promote and effectively implement administrative reform campaign in the finance sector. This plan closely follows the 07 contents of administrative reform, proposing 59 task groups with 150 specific products/activities, clearly identifying the basis, responsibility of each lead unit, coordination as well as general progress regulations. In the first 6 months of 2023, the Ministry of Finance has implemented 122/150 planned tasks, of which 34 tasks have been completed, 53 regular tasks have been effectively implemented and on schedule, and 35 tasks are being carried out.

Notably, regarding the results of administrative procedure reform (APR), the Ministry of Finance has effectively implemented the 2023 APR Control Plan to meet the APR requirements stated in the Resolutions of the Government and Directives of the Prime Minister. In the first 6 months of 2023, the Ministry of Finance continued to strictly control APRs within its jurisdiction with the goal of comprehensively reforming administrative procedures in association with the development of e-government and digital transformation to maximize convenience for people and businesses, contributing to improving the business environment and enhancing national competitiveness. The Ministry of Finance regularly reviews and evaluates administrative procedures to propose the abolition of inappropriate administrative procedures or amendments in a specific, clear, simple, and feasible manner for individuals and organizations to implement.

Up to now, the total number of administrative procedures still in effect under the management of the Ministry of Finance are 794 procedures, of which the taxation field are 235 procedures; the customs field are 225 procedures; the treasury field are 11 procedures; the reserve field are 7 procedures; the securities field are 104 procedures and the general finance field are 212 procedures.

According to statistics from the Ministry of Finance, from December 15, 2022 to June 14, 2023, units under the Ministry of Finance have conducted impact assessments for 30 administrative procedures in draft legal documents in the field of management to ensure compliance with regulations. On that basis, options and optimal solutions have been selected for the issuance of new or amendment and supplementation of administrative procedures in the field of management of the Ministry of Finance. Based on legal documents regulating administrative procedures, from December 15, 2022 to June 14, 2023, the Ministry of Finance has reviewed and issued 08 decisions to announce the abolition of 10 administrative procedures; amend, supplement, replace 10 administrative procedures; announce 03 new administrative procedures in the fields of management.

Strong modernization in order to meet management needs

In addition to administrative procedure reform, the Ministry of Finance has also continued to effectively deploy the construction and development of e-Government to meet the state management needs of the Ministry, as demonstrated through the modernization results in the fields of taxation, customs, and treasury. In the field of taxation, electronic tax declaration, payment and refund services have been deployed at 100% of departments and local sub-departments of taxation. To date, over 99% of businesses have used electronic tax declaration, payment and refund services; completed the deployment of electronic invoices for 100% of businesses, organizations and households, individuals doing business... Regarding the deployment of electronic invoices initiated from cash registers, to date, there have been more than 16.421 businesses, households and individuals doing business registered to use with the number of invoices initiated from cash registers being over 5.070.831 invoices. Along with that, the Ministry of Finance has officially deployed the electronic tax application on mobile devices (eTax Mobile) and the electronic portal for foreign suppliers (etaxvn.gdt.gov.vn). To date, the number of downloads and installations using the eTax Mobile application are 424.911 downloads, with 54 foreign suppliers registering and successfully declaring taxes on the electronic portal.

The Ministry of Finance has also continued to improve policies to strengthen tax management for e-commerce and cross-border business activities. On December 15, 2022, the Ministry of Finance (General Department of Taxation) launched the E-commerce Information Reception Portal. To date, there have been 329 e-commerce platforms submitting data to provide information to tax authorities with 600 submissions.

In the field of customs, the Ministry of Finance has deployed information technology applications to facilitate import and export activities, aiming to build a smart customs model. The customs sector has completed the 5E goal in information technology application. The Ministry of Finance has continued to coordinate with ministries and sectors to deploy administrative procedures on the National Single Window mechanism. To date, the National Single Window mechanism has had 250 administrative procedures of 13 ministries and sectors connected with over 6,3 million sets of records of more than 62 thousand participating businesses. In terms of deploying the ASEAN Single Window mechanism, the Ministry of Finance continues to exchange electronic D-form certificate of origin information with all 9 ASEAN countries. In addition, it continues to manage, monitor and ensure the stable operation of the VNACCS/VCIS automatic clearance system and centralized information technology systems of the customs sector 24/7, ensuring security, safety and uninterrupted communication to effectively serve import and export clearance.

In the field of treasury, currently, 100% of administrative procedures in the field of treasury have been integrated into the National Public Service Portal: Transactions with the State Treasury operate 24/7 (including holidays) with the number of transactions of documents for state budget expenditure arising through online public services reaching over 99.6% of the national expenditure documents on TABMIS. In addition, the State Treasury is implemeting many solutions to expand coordination in budget collection and bilateral electronic payment with commercial banks. Currently, the State Treasury has signed agreements with 20 commercial banks, connected bilateral electronic payment with 15 commercial banks and is continuing to coordinate with the remaining commercial banks to deploy implementation.

By Hoai Anh/ Phuong Linh

Related News

Deputy Prime Minister, Minister of Finance: Budget management to be more decentralized

Deputy Prime Minister, Minister of Finance: Budget management to be more decentralized

VCN - Deputy Prime Minister, Minister of Finance Ho Duc Phoc indicated that the revision of the State Budget Law (SBL), as part of the "One Law Amending Seven Laws" scheme, focuses on removing short-term bottlenecks and obstacles. He also announced that future amendments will increase decentralization and delegation of authority in budget management.
Quang Ninh Customs: Innovation in developing Customs-Business partnership

Quang Ninh Customs: Innovation in developing Customs-Business partnership

VCN - Quang Ninh Customs Department is determined to improve the quality of Customs-Business partnership, with practical actions in supporting and accompanying businesses.
Businesses can choose a suitable electronic invoice model generated from the cash register

Businesses can choose a suitable electronic invoice model generated from the cash register

VCN - The Ministry of Finance said that individual business households can choose a suitable model to apply electronic invoice solutions from cash registers, depending on the number of invoices used in the year, in the month and the current status of software solutions and technical infrastructure.
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.

Latest News

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as the e-commerce trading platform implements tax deduction, payment and declaration on behalf of tens, hundreds of thousands of individuals and business households on the platform.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

VCN - The results of State budget revenue in HCMC in the first 10 months of 2024 are estimated to increase by 10% over the same period last year, of which the highlight is that revenue from import-export activities has begun to increase.
Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

VCN - Monetary policy and fiscal policy are the driving force for economic development, so that there has been effective coordination, Deputy Prime Minister and Minister of Finance Ho Duc Phoc.

More News

Seaport stocks surge amid positive sector outlook

Seaport stocks surge amid positive sector outlook

During the trading session on 12 November, while the VN-Index fell for the fourth consecutive session to 1,244 points, several seaport and shipping stocks such as MVN (VIMC), VOS (Vietnam Shipping), and GMD (Gemadept) maintained upward momentum.
Striving for revenue to rise by over 15% compared to assigned estimate

Striving for revenue to rise by over 15% compared to assigned estimate

VCN – At meeting on summarizing in financial budget October and deploying work program in November held by the Ministry of Finance on November 11, Deputy Minister of Finance Cao Anh Tuan requested to speed ​​up review budget work and quickly remove financial institutional bottlenecks.
Budget revenue is about to be completed for the whole year estimate

Budget revenue is about to be completed for the whole year estimate

VCN - After 10 months of 2024, the budget collection progress has almost completed the assigned estimate for the whole year. From now until the end of the year, the entire Finance sector is striving to achieve the revenue exceeding the set target.
Tax authorities and Police join forces to crack down on e-invoice fraud

Tax authorities and Police join forces to crack down on e-invoice fraud

VCN - As invoice trading crimes surge, the General Department of Taxation is rolling out a new e-invoice alert system designed to support tax authorities and law enforcement in swiftly identifying and halting fraudulent activities tied to electronic invoices.
State revenue collection poised to surpass annual target

State revenue collection poised to surpass annual target

VCN - With ten months of 2024 behind us, Vietnam’s state budget revenue is on track to exceed the year’s target. The Ministry of Finance is pushing hard to achieve results that go beyond initial projections as the year draws to a close.
Amending regulations for proactive, responsible tax officials

Amending regulations for proactive, responsible tax officials

VCN - Dr. Phan Hoai Nam, CEO of W&A Consulting, Member of the Association of Chartered Certified Accountants (ACCA), CPA Australia, and the Chartered Institute of Taxation (CIOT), discusses tax refund issues with Customs Magazine.
Drastic actions taken to complete 95% public investment disbursement goal: Gov’t press conference

Drastic actions taken to complete 95% public investment disbursement goal: Gov’t press conference

The Ministry of Planning and Investment is working with other ministries, sectors and localities to take drastic measures to complete this year's target of disbursing 95% of allocated public investment, its Deputy Minister Tran Quoc Phuong told the Government’s regular press conference on November 9.
Revising policies to adapt to two-way impact of FTAs

Revising policies to adapt to two-way impact of FTAs

VCN - One of the most obvious positive impacts of Free Trade Agreements (FTAs) is to promote export growth, thereby contributing to increasing state budget revenue. However, the implementation of FTAs ​​also has a negative impact on state budget revenue under commitments on tariff reduction and elimination.
Amend regulations on “Public-Private Partnership” (PPP) and “Build Transfer” (BT)  investment: Fully calculating to avoid loss of state assets

Amend regulations on “Public-Private Partnership” (PPP) and “Build Transfer” (BT) investment: Fully calculating to avoid loss of state assets

VCN - In the project "1 law amending 4 laws" related to investment, on investment under the public-private partnership (PPP) method, the majority of National Assembly deputies agreed with the Government's proposal to allow an increase in the state capital ratio for some specific cases.
Read More

Your care

Latest Most read
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as t
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

VCN - The results of State budget revenue in HCMC in the first 10 months of 2024 are estimated to increase by 10% over the same period last year, of which the highlight is that revenue from import-export activities has begun to increase.
Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

VCN - Reporting to the National Assembly in the question-and-answer session on the banking sector under the 8th Session on November 11, 2024, Deputy Prime Minister and Minister of Finance Ho Duc Phoc said that when the economy increases or decreases, it w
Seaport stocks surge amid positive sector outlook

Seaport stocks surge amid positive sector outlook

During the trading session on 12 November, while the VN-Index fell for the fourth consecutive session to 1,244 points, several seaport and shipping stocks such as MVN (VIMC), VOS (Vietnam Shipping), and GMD (Gemadept) maintained upward momentum.
Mobile Version