Ministry of Finance streamlines its apparatus, saving VND 3,000 billion

VCN – Implementing staff and public employees, and Resolution No. 18-NQ/TƯ, Resolution No. 19-NQ/TƯ, the Ministry of Finance has arranged and consolidated the organisational structure towards a lean and efficient direction.
0309-0728-7-2034-7-thang-dau-nam-2019-thu-ngan-sach-1446-nghin-ty-dong
The Tax Department finished early in the task of rearranging its apparatus. Photo: H.V

Cuts on 5,641 focal points

With a spirit of drastic participation, units under the Ministry of Finance such as the General Department of Taxation, the General Department of Vietnam Customs, and the State Treasury have deployed the arrangement and organisation of the apparatus.

Up to now, the Ministry of Finance has arranged and cut more than 5,641 focal points of units from the central level to the team level in the locality; reducing 4,544 leadership and management positions and reduced nine public non-business units (from 36 units to 27 units).

In 2019, the payroll of staff at administrative organisations of the Ministry of Finance has decreased 4,974 targets, 6.7% compared with the number of plans assigned in 2015 of 74,262 payrolls. The Ministry of Finance has restructured the payroll in the sector to serve as a basis for staff assignment to the units under the Ministry of Finance. In 2020, it has decreased by 8.7% compared to the target assigned in 2015, ensuring the roadmap to 2021, in which the administrative payroll would be reduced by 10% compared to 2015.

The Ministry of Finance also issued a decision on assigning non-business payrolls in 2018-2021 to organisations and units under the ministry.

The process of streamlining the apparatus of the Ministry of Finance ensured that it complied with the Party's guidelines and resolutions and the Government's action plan, as well as publicity and transparency based on the reality of each unit, getting the consensus of all management levels. The organisational arrangement is associated with administrative procedure reform; applying information technology, modernising the sector, changing management methods and improving State management effectiveness and efficiency.

The most obvious effect is to reduce the intermediate levels, reduce internal management departments and concentrate resources for the direct operation division, reducing the number of leadership and managerial positions, especially at the branch and team level; purifying the apparatus, contributing to restructuring and saving State funds.

One of the most active implementers is the General Department of Taxation. The whole tax system has "reached the target" in 10 months before in the arrangement and consolidation of the tax department. Implementing Decision No. 41/2018/QD-TTg of the Prime Minister dated September 25, 2018 on the rearrangement of the apparatus towards streamlining and reducing the focal point, along with the rearrangement of the units under the tax departments and district tax authorities were also merged to reduce the focal point. Based on Decision No. 520/QD-BTC of the Minister of Finance dated April 13, 2018, from the end of 2018 to February 2020, the Minister of Finance signed and issued 111 decisions to establish regional taxation branches belonging to 63 tax departments of provinces and cities nationwide. Thereby, the 565 tax departments were organised to consolidate to establish 269 regional tax branches, cutting 296 tax branches. By the end of February, the entire tax system completed the consolidation of tax departments. The number of remaining tax branches after merging is 415 branches (the plan was to reduce to 420 branches), finishing before the deadline by 10 months according to thedecision of the Prime Minister and the Minister of Finance.

Besides the rearrangement of the apparatus, the improvement of the quality of teams is also a focus of the finance sector. The recent training and retraining has made an important contribution to improving the quality of teams of officials and public employees of the Ministry of Finance, standardising the teams in accordance with the category of public employees and the professional titles of public employees; providing knowledge and skills for officials performing tasks in accordance with their position. At the same time, enhancing the management and administration capabilities of officials, public employees and leaders. The quality of the sector's staff has improved significantly.

Job rotation, transfer and periodical change of positions in units under the Ministry of Finance has gradually come into order and become an important solution in the work of human resources at the Ministry of Finance. The rotation work has overcome a local and closed situation in each unit and each locality, and strengthened the prevention and fight against corruption throughout the sector. Every year, the finance sector has transferred, rotated and changed working positions about 10,000 people.

In tandem with the strengthening of the organisation and management apparatus, in 2015 - 2019, the finance sector has also implemented the general policy of the Party and the Government not to increase the payroll, accordingly, by 2021, at least 10% of the payroll is assigned compared to 2015.

Take the lead and initiative

According to the Ministry of Finance, the restructuring and streamlining of the apparatus has ensured compliance with the Party's guidelines and resolutions and the Government's action plan; publicity, transparency; on the basis of the reality of each unit, the consensus of all management levels; associating apparatus reform with administrative procedure reform; applying information technology, modernising the sector. Apparatus arrangement and payroll streamlining have contributed to budget savings. In 2019 - 2020, about VND 3,000 billion has been saved.

The Ministry of Finance will continue to consolidate and streamline the Ministry of Finance's apparatus to ensure effectiveness and efficiency under Resolution No. 39-NQ/TƯ of the Politburo; Resolution No. 18-NQ/TƯ; Resolution No. 26-NQ/TƯ. The Ministry of Finance will consolidate the organisation of the financial management apparatus and implement decentralisation (fields under the State management functions of the Ministry of Finance) between central and local levels, ensuring the principle of uniform management of the national financial system. At the same time, implementing a clear assignment among levels in mobilising, distributing, managing and using public resources. In addition, building a contingent of officials and employees of the finance sector with sufficient quantity, reasonable structure, appropriate professional qualifications and skills; enhancing responsibilities of heads of authorities and units in anti-corruption work; strictly implement the change of working positions and staff rotation in accordance with regulations.

By Hồng Vân/Thanh Thuy

Related News

Tax sector exceeds revenue target 2024

Tax sector exceeds revenue target 2024

VCN – Currently, the revenue managed by the Tax sector has reached VND1,538,000 billion, exceeding the 2024 estimate. This positive result was said by the leader of the General Department of Taxation at the Finance Forum “Financial policies to promote aggregate demand for economic development”.
Tax sector determines to take enterprises as the center of service

Tax sector determines to take enterprises as the center of service

VCN - That was the affirmation of Deputy General Director of the General Department of Taxation Mai Son at the Tax - Customs forum in 2024 organized by Vietnam Financial Times on the afternoon of October 16, 2024.
Tax sector collects over VND1,019 million billion

Tax sector collects over VND1,019 million billion

VCN - According to the General Department of Taxation, total revenue in the seven months of 2024 managed by tax authorities rose 14.9% year-on-year to 68.6% of the estimate or VND1,019,702 billion. This result shows the uneven and sustainable recovery of revenues, taxes, areas, markets, industries, and sectors.
Tax sector cooperate with Police agency to prevent fraud of tax invoice

Tax sector cooperate with Police agency to prevent fraud of tax invoice

VCN - Over the years, the acts of law violation on electronic tax invoices took place complicatedly with many different tricks. To prevent fraud, the tax sector has applied several drastic measures, including strengthening cooperation with the Police agency.

Latest News

Banks selling mortgaged assets to recover bad debts

Banks selling mortgaged assets to recover bad debts

Many banks are rushing to sell mortgaged assets to recover bad debts, as these types of debts are forecast to increase slightly this year.
Keeping inflation in check a priority for 2025

Keeping inflation in check a priority for 2025

Economists have identified a range of factors that may exert inflationary pressure in 2025, including geopolitical risks, global trade disruptions and domestic challenges such as exchange rate fluctuations, rising import costs and natural disasters.
Debt repayment pressure continues to weigh on corporate bond market

Debt repayment pressure continues to weigh on corporate bond market

An alarming 22 per cent of corporate bonds maturing in January 2025 are at risk of defaulting on principal payments, according to a report from VIS Rating.
2025 a new era for financial institutions

2025 a new era for financial institutions

Recent adjustments to Việt Nam’s economic growth forecasts from major financial institutions highlight growing confidence in the country’s economic trajectory.

More News

Positive outlook for Việt Nam’s banking sector in 2025

Positive outlook for Việt Nam’s banking sector in 2025

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.
SBV makes significant net withdrawal to stabilise exchange rate

SBV makes significant net withdrawal to stabilise exchange rate

Analysis shows it’s an intervention to manage system liquidity.
Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

The forecasts were presented by experts at the scientific conference titled ’Market and Price Developments in Việt Nam in 2024 and Forecasts for 2025’ organised by the Institute of Economics and Finance and the Price Management Department on January 9 in Hà Nội.
Banking industry to focus on bad debt handling targets in 2025

Banking industry to focus on bad debt handling targets in 2025

The non-performing loan (NPL) ratio of the banking system (excluding NPLs of weak commercial banks) needs to be controlled at below 3 per cent by the end of 2025.
State Bank sets higher credit growth target for 2025

State Bank sets higher credit growth target for 2025

The credit growth target for the banking system in 2025 has been set higher than in 2024.
Outlook for lending rates in 2025?

Outlook for lending rates in 2025?

VCN - The economy is forecast to continue to recover strongly from the end of 2024 to 2025, helping credit demand increase rapidly, but lending interest rates may also be under increasing pressure.
Tax policies drive strong economic recovery and growth

Tax policies drive strong economic recovery and growth

VCN - Far more than just a revenue-collection agency, the Tax Department has played a pivotal role in creating a transparent, equitable, and business-friendly environment. These efforts have not only contributed to macroeconomic stability but also fueled recovery and development for businesses, individuals, and households.
E-commerce tax collection estimated at VND 116 Trillion

E-commerce tax collection estimated at VND 116 Trillion

VCN - According to data from the General Department of Taxation, taxes declared and paid directly by foreign suppliers via the electronic portal in 2024 amounted to VND 8.687 trillion, equivalent to 126% of the previous year’s total and a 74% increase compared to current appropriation.
Big 4 banks estimate positive business results in 2024

Big 4 banks estimate positive business results in 2024

One of the country’s biggest banks expects results to be the best for four years.
Read More

Your care

Latest Most read
Banks selling mortgaged assets to recover bad debts

Banks selling mortgaged assets to recover bad debts

Many banks are rushing to sell mortgaged assets to recover bad debts, as these types of debts are forecast to increase slightly this year.
Keeping inflation in check a priority for 2025

Keeping inflation in check a priority for 2025

Economists have identified a range of factors that may exert inflationary pressure in 2025, including geopolitical risks, global trade disruptions and domestic challenges such as exchange rate fluctuations, rising import costs and natural disasters.
Debt repayment pressure continues to weigh on corporate bond market

Debt repayment pressure continues to weigh on corporate bond market

An alarming 22 per cent of corporate bonds maturing in January 2025 are at risk of defaulting on principal payments, according to a report from VIS Rating.
2025 a new era for financial institutions

2025 a new era for financial institutions

Recent adjustments to Việt Nam’s economic growth forecasts from major financial institutions highlight growing confidence in the country’s economic trajectory.
Positive outlook for Việt Nam’s banking sector in 2025

Positive outlook for Việt Nam’s banking sector in 2025

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.
Mobile Version