Modernization to enhance the operations of the national reserves

VCN- On the morning of 5th January 2017, the General Department of State Reserves held a conference with officials and civil servants for 2016.
hien dai hoa de nang tam cong tac du tru quoc gia Foreign reserves hit record high of US$40 billion: central bank
hien dai hoa de nang tam cong tac du tru quoc gia State Bank of Vietnam buys up $7 billion to boost foreign exchange reserves
hien dai hoa de nang tam cong tac du tru quoc gia Vietnam Forex Reserves Hit Record High of $38 Billion
hien dai hoa de nang tam cong tac du tru quoc gia
Mr. Pham Phan Dung awarded certificates of merit of the Minister of Finance for organizations.

Allocating 1,738 billion vnd of inventory

At the conference, Mr. Le Van Thoi – the Deputy Director General of the General Department of State Reserves said: “In 2016, coordination in the management of the national reserves between the General Department of State Reserves and relevant Ministries has been much more proactively enhanced.

The supply of food and health items has been carried out in a timely fashion to ensure the quality and assigned plans to meet the requirements of Provincial People’s Committees. In addition, the Departments of State Reserves have focused on the coordination in examination and inspections of goods in programs of the national reserves, therefore, the quality and actual quantity of goods have been in line with the guidance of the Prime Minister.

A special feature in 2016 was that the receipt of precious and rare assets was implemented carefully on the basis of a close collaboration among the General Department of State Reserves, Provincial Departments of State Reserves and relevant State agencies. Therefore, the receipt of precious and rare assets has ensured safety in a timely fashion, in accordance with the assignments of the Minister of Finance.

Mr. Thoi added that, in 2016, according to the decisions of the Prime Minister, the Ministry of Finance was assigned to allocate goods and products from the national reserves worth 1,738 billion vnd, with 150,968 tons of rice, worth about 1.480 billion vnd; facilities and health items worth about 255 billion vnd; 1,500 tons of salt worth about 3 billion vnd for people in Ha Tinh province during a flood.

To date, goods and products in programs of the national reserves have been distributed in accordance with the prescribed quantity and quality; transported in a timely fashion to local areas with natural disasters, epidemic diseases and to assist students in difficult socio-economic conditions as well as ensuring health care for people.

hien dai hoa de nang tam cong tac du tru quoc gia
The Director General of the General Department of State Reserves awarded the title Fighter Finance emulation for individuals.

Meeting the quality standards

At the conference, Mr. Pham Phan Dung - the Director General of the General Department of State Reserves requested all officials and civil servants in agencies and subordinate units of the General Department of State Reserves to interpret and point out the limitations and shortcomings as well as experience in the past year to seek specific and practical solutions, striving to overcome the shortcomings and limitations in the coming year.

Regarding the key tasks in 2017, Mr. Pham Phan Dung stressed: The General Department of State Reserves should continue to check and amend the legal system of reserves to meet new missions; focus on developing human resources and political working capabilities; actively respond to the urgent consequences of natural disasters, fires and epidemics; successfully implement political duties assigned by the Prime Minister and the Ministry of Finance, contributing to the development of the national financial sector.

In order to successfully accomplish the above objectives, the Director General of the General Department of State Reserves said that in 2017, State management on the national reserves should continue to be built and improved.

The management of quality of goods in programs of the national reserves should be implemented through amendment and supplement of the national technical regulations. In addition, functional forces should strengthen the inspections and examination of the quality of goods in programs of the national reserves to ensure the quality in line with regulations; inspect goods and products immediately after entering the warehouses. In particular, the construction, development and application of modern technology in preservation of goods in programs of the national reserves to enhance the General Department of State Reserves to be equal to other Departments under the Ministry of Finance .

hien dai hoa de nang tam cong tac du tru quoc gia Vietnam may tap foreign reserves to bolster currency: central bank

The State Bank of Vietnam stands ready to stabilize the dollar/dong exchange rate by selling foreign currency.

At the conference, the General Department of State Reserves awarded the Emulation Flag of the Ministry of Finance, the title Fighter Finance emulation, the Minister of Finance medal of merit for the cause of public Finance of Vietnam, and the certificate of merit from the Director General of the General Department of State Reserves to organizations and individuals under the General Department of State Reserves with outstanding achievements in 2016.

By Hong Van/ Hoang Anh

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