Ministry of Finance, Ministry of Public Security strengthen coordination to ensure national financial security

	Financial Strategy: Ensuring macroeconomic stability and national financial security
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	Public Debt Strategy by 2030: towards public debt safety and national financial security

The conference

Attending the conference were Deputy Minister of Finance Nguyen Duc Chi, Deputy Minister of Finance Cao Anh Tuan; Deputy Minister of Public Security Tran Quoc To, Deputy Minister of Public Security Nguyen Duy Ngoc, Deputy Minister of Public Security Luong Tam Quang, Deputy Minister of Public Security Le Quoc Hung; representatives and leaders of a number of units under the Ministry of Finance and the Ministry of Public Security.

At the conference, summarizing some results achieved in the cooperation between the two agencies, Minister of Finance Ho Duc Phoc said that the Ministry of Finance has received attention and cooperation from the Ministry of Public Security in many areas, such as customs, securities, reserves, budget revenue and expenditure, especially in anti-smuggling.

For example, from 2020 to the end of July 2023, the Ministry of Finance (General Department of Customs) chaired, coordinated, detected and arrested, a total of 56,532 cases with the value of infringing goods estimated at VND15,998 billion, and prosecuted 156 cases, transferred to other agencies 505 cases and remitted to the State budget VND459.3 billion.

In particular, for the anti-drugs, in the year 2022 and the first 7 months of 2023, the Ministry of Finance (General Department of Customs) presided over and coordinated with the police and border guard to seize 470 cases and arrested 448 suspects, of which the Customs presided over 240 cases and detained nearly 2.3 tons of drugs of all kinds.

Minister Ho Duc Phoc speaks at the conference.

According to Minister Ho Duc Phoc, in addition to the above-mentioned results, the two agencies have closely coordinated in exchanging and providing information; coordinated in performing professional tasks, verifying cases and suspects and fighting specialized cases, especially the combat against money laundering, terrorism/terrorist financing...

Along with that, in other specific fields such as the prevention and fight against crime and law violations in the tax field; securities, lottery business, insurance, the two agencies closely work together within their respective jurisdictions to clean up production and business activities, the financial market, and protect legitimate interests of people and businesses.

To further strengthen the coordination between two agencies, Minister Ho Duc Phoc asked the Ministry of Public Security to assist in the fight against crime and law violations in the field of taxation; coordinate with the Ministry of Finance to study domestic e-commerce control tools and fight tax evasion from e-commerce platforms and online trading.

Regarding coordination in the field of securities, the Ministry of Finance continues to coordinate with police agencies in developing and perfecting mechanisms and policies on securities and the stock market to ensure strictness, publicity and transparency.

In addition, the Ministry of Finance continues to closely coordinate with police agencies in investigating, verifying and handling violations on the stock market; especially stock manipulation, violations in the issuance of private corporate bonds; dealing with the spreading of false rumors affecting the market.

Regarding cooperation in the field of customs, the Minister of Finance proposed the two agencies continue to maintain the mode of communication, meeting and information exchange; organize periodic or irregular briefings, organize inter-sectoral inspection teams.

The two Ministries continue to strengthen the fight against smuggling of counterfeit goods, commercial fraud, especially drugs; focus on coordinating to open peak period to disseminate, attack, and suppress crimes, developing plans and plans to fight and deal with complex crime situations at key routes and areas, especially on land borders, border gates, large seaports...

The Ministry of Finance also continues to coordinate with the Ministry of Public Security to grasp the situation to handle lottery businesses that deliberately operate in contravention of the law and disrupt security and order; deal with cases related to bank staff or insurance agents cheating customers to sell insurance together with loans, credits or savings.

General To Lam speaks at the conference

Speaking at the conference, General To Lam said that the Ministry of Public Security and the Ministry of Finance have close coordination in ensuring national financial security, making an important contribution to the national security and the country’s economic development.

Especially with the coordination between the two ministries, it has prevented manipulation of the stock market and the private placement bond market, thereby regaining people's trust in this market, contributing to developing a healthy and safe market. Thereby ensuring the vitality of the market, ensuring the safety of investors and mobilizing social resources to invest in production and business.

General To Lam also emphasized that the two agencies have cooperated very flexibly in combating smuggling, trade fraud, drug smuggling, and fraud in value-added tax refund. In the near future, the two agencies will work more closely and efficiently to protect the country's financial security.

At the conference, emphasizing the importance of ensuring financial security, Minister of Finance Ho Duc Phoc and Minister of Public Security To Lam both expressed that the two sides will also continue to strengthen coordination in fighting and preventing acts that affect the safety of the national financial system.

State budget revenue and expenditure structure has been adjusted towards a sustainable direction

Accordingly, the Ministry of Finance and the Ministry of Public Security will continue to closely coordinate in the exchange of information, new guidelines and policies of the State in the tax field, and fight against methods and tricks of tax evasion and fraud; promptly detect, prevent, fight and deal with legal organizations and individuals violating tax laws, especially in key areas such as real estate, e-commerce, import and export, tax refund, and service business.