Not to interrupt budget payments during the Covid-19 pandemic

VCN - Amid the Covid-19 pandemic, the State Treasury system has taken measures not to interrupt budget expenditure and to ensure pandemic prevention and control.
5736-4246-10-0-img-0148
The State Treasury requires budget-using units to transact with the Treasury through online public services. Photo: Thuy Linh

Treasury works continuously

Since the Covid-19 pandemic showed signs of a strong outbreak, the State Treasury has requested the State Treasury of provinces and cities nationwide to regularly inspect and implement requirements and measures to prevent and control the pandemic at units under their management; strictly handle units and individuals that violate pandemic prevention and control in accordance with law; closely monitor the pandemic situation in the locality, proactively prepare necessary conditions in terms of human resources, equipment, supplies, and pandemic prevention and control plans to respond promptly to all situations, maintaining the State Treasury's operations in the locality.

Thai Binh is one of the localities that implemented social distancing early after recording many Covid-19 positive cases. To prevent the pandemic and not interrupt the payment of the provincial budget, especially expenses for pandemic prevention, Thai Binh State Treasury has promoted online transactions with customers and deployed technology applications (created groups on Zalo and Viber to direct and exchange information).

Nguyen Thi Hai, Deputy Director of Thai Binh State Treasury, said that as a service unit, all expenditures for social security and development investment must be controlled by the Treasury. There must always be officials and civil servants at the Treasury to handle budget revenue and expenditure needs, and promptly respond to budget-using units.

Da Nang is also one of the "hot spots" of the fourth Covid-19 outbreak. According to Da Nang State Treasury, right after the Covid-19 pandemic broke out again in some localities, the unit has seriously implemented measures to prevent it under the direction of the Provincial People's Committee and ensured timely budget payments to beneficiaries.

The State Treasury system has provided online public services at level 4 for the Treasury's professional activities related to budget-using units (except for security and defense units), and a mobile risk alert application for budget-using units. Therefore, Da Nang State Treasury has issued an official dispatch requesting budget-using units to promote online transactions. This not only ensures compliance with regulations on pandemic prevention and control, but also assures that all documents sent to the Treasury are handled and paid quickly.

According to the Da Nang State Treasury’s report, by the end of May 11, 2021, the unit has paid more than VND6,033 billion of recurrent expenditure, reaching more than 40% of the estimate; disbursed capital construction investment of VND1,620 billion, reaching 14% of the estimate.

Despite the pandemic, Da Nang State Treasury always ensure timely budget payment to budget-using units.

Temporarily suspend cash transactions

To limit contact leading to the spread of the pandemic, restricting cash transactions is one of the effective measures. Thai Nguyen State Treasury will stop all cash transactions of organizations and individuals at its headquarters from June 1, 2021.

Activities of state budget collection and administrative violation fines will be carried out on the National Public Service Portal through the taxpayer's account. And fine payment will be conducted at commercial banks or directly at transaction points of five commercial banks, including VietinBank, Agribank, BIDV, Vietcombank, and MB Thai Nguyen branch according to the agreement on collection coordination between Tax - Customs - State Treasury and commercial banks.

Thai Nguyen State Treasury also suggested that budget-using units continuously promote online transactions, striving for 100% of State Treasury’s administrative procedures to be carried out on the online public service system of the State Treasury and the National Public Service Portal without paper documents and records under the direction of the Provincial People's Committee.

The State Treasury system has promoted administrative reform to facilitate budget-using units so far. Hence, amid the pandemic, the Treasury's information technology application services have maximized their effectiveness.

To prevent the pandemic and promptly pay budget expenditures, the State Treasury has strengthened payment control through online public services so that budget-using units do not have to go to the Treasury for transactions, avoiding direct contact, especially during the pandemic.

The time required to process documents related to state budget expenditures via online public services is at least one working day for simple documents and two working days for complicated documents with contracts and advance payment. Thanks to the online public services, the budget expenditure has basically met the needs of performing tasks such as: procurement of medical equipment; supporting people with meritorious services to the revolution; supporting social protection beneficiaries to enjoy monthly allowances; and supporting poor and near-poor households. This contributes to ensuring social security in the province, promoting the fast, convenient and correct budget payment for the election across the country.

By Thuy Linh/ Ha Thanh

Related News

Researching and proposing amendments to 2014 Customs Law to meet the requirements of innovation

Researching and proposing amendments to 2014 Customs Law to meet the requirements of innovation

VCN - After 10 years of implementation, the Customs Law has been effective in reforming administrative procedures and protecting national sovereignty. However, in the context of innovation requirements, it is necessary to continue reforming specialized inspections and focusing on digital transformation.
HCMC Customs: Outstanding performance across all operations

HCMC Customs: Outstanding performance across all operations

VCN - On January 2, 2025, the Ho Chi Minh City (HCMC) Customs Department held its annual review conference to assess 2024 achievements and outline tasks for 2025. The event was attended by Vice Chairman of HCMC People's Committee Nguyen Van Dung and Deputy Director General of Vietnam Customs Dinh Ngoc Thang, who delivered keynote speeches.
Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

VCN - Facing mounting challenges in revenue collection, the Dong Nai Customs Department is stepping up efforts to secure its 2025 state budget targets through proactive measures and digital transformation.
Cao Bang Customs Department collects over VND 940 Billion, achieving a 22% increase

Cao Bang Customs Department collects over VND 940 Billion, achieving a 22% increase

VCN - In 2024, the Cao Bang Customs Department achieved remarkable budget revenue growth, significantly surpassing its targets.

Latest News

Vietnam gears up for potential inflation impact in 2025

Vietnam gears up for potential inflation impact in 2025

VCN - For sound price management and inflation control, Deputy Prime Minister Ho Duc Phoc directed officials to vigilantly track both domestic and international market dynamics. The goal is to proactively develop flexible strategies and solutions, enabling a swift response to any emerging challenges.
VN’s credit conditions in 2025 expected to be stable

VN’s credit conditions in 2025 expected to be stable

The credit conditions for Việt Nam will stabilise in 2025, after improving substantially over the past year, the rating agency VIS is forcasts.
State revenue in first month of the year equal to 14% of the estimate

State revenue in first month of the year equal to 14% of the estimate

VCN - According to the Ministry of Finance, in January - the first month of 2025, the total state budget revenue is estimated at VND275.9 trillion, equal to 14% of the estimate; meanwhile, the total state budget expenditure is estimated at VND134.4 trillion.
Securities 2025 expects a breakthrough in scale and quality

Securities 2025 expects a breakthrough in scale and quality

VCN – The positive factors inherent in the macro economy and the Vietnamese stock market will continue to create the foundation for the market to maintain stability, good liquidity, and growth in both scale and quality in the new year of At Ty 2025, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said.

More News

Cash reserves in stock accounts at six-quarter low amid margin rise

Cash reserves in stock accounts at six-quarter low amid margin rise

These funds are readily available in investor accounts, but remained undeployed as of the year-end.
Five solutions for developing stock market in 2025

Five solutions for developing stock market in 2025

VCN - On February 5, 2025, at the Gong-beating ceremony to open the stock trading at the Ho Chi Minh City Stock Exchange (HOSE), Deputy Minister of Finance Nguyen Duc Chi introduced five solutions for comprehensive development of the stock market.
Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

VCN- On February 3, the first working day after the Tet holiday, Minister of Finance Nguyen Van Thang and the delegation visited and worked with the General Department of Vietnam Customs (GDVC).
The stock market after Tết 2025 presents both challenges and opportunities

The stock market after Tết 2025 presents both challenges and opportunities

Việt Nam’s stock market following the 2025 Lunar New Year (Tết Nguyên Đán) presents a complex landscape of risks and potential gains, driven by foreign capital inflows, economic resilience, and looming corporate bond maturity pressures, according to one securities expert.
Opportunities and challenges in Việt Nam

Opportunities and challenges in Việt Nam's crypto boom

Việt Nam boasts one of the most active investment communities in the cryptocurrency sector. However, protecting investors and promoting sustainable growth requires a robust legal framework.
Đà Nẵng aiming to become a regional financial centre before 2050

Đà Nẵng aiming to become a regional financial centre before 2050

The city is setting out goals to promote the development of the financial system in the 2021-30 period, striving for Đà Nẵng to become a regional financial centre in just 25 years.
Which investments to make in 2025?

Which investments to make in 2025?

Financial reports indicate a large amount of cash in the banking system at the end of 2024. Investors in 2025 will have plenty of choices of where to put their money, according to economists and financial analysts.
5 strategies for reallocating houses and land

5 strategies for reallocating houses and land

VCN - The rearrangement and disposal of public-owned houses and land have been officially regulated in Decree No. 03/2025/ND-CP (Decree No. 03), which has just been issued by the Government. According to Decree No. 03, there are five forms of rearrangement and disposal of houses and land.
Stock market expected to rebound positively after Tết holiday: expert

Stock market expected to rebound positively after Tết holiday: expert

Currently, the VN-Index is fluctuating within a wide range of 1,200 to 1,300 points. Without a decisive breakout in either direction, this level of liquidity remains typical.
Read More

Your care

Latest Most read
Vietnam gears up for potential inflation impact in 2025

Vietnam gears up for potential inflation impact in 2025

For sound price management and inflation control, Deputy Prime Minister Ho Duc Phoc directed officials to vigilantly track both domestic and international market dynamics.
VN’s credit conditions in 2025 expected to be stable

VN’s credit conditions in 2025 expected to be stable

The credit conditions for Việt Nam will stabilise in 2025, after improving substantially over the past year, the rating agency VIS is forcasts.
State revenue in first month of the year equal to 14% of the estimate

State revenue in first month of the year equal to 14% of the estimate

VCN - According to the Ministry of Finance, in January - the first month of 2025, the total state budget revenue is estimated at VND275.9 trillion, equal to 14% of the estimate; meanwhile, the total state budget expenditure is estimated at VND134.4 trilli
Securities 2025 expects a breakthrough in scale and quality

Securities 2025 expects a breakthrough in scale and quality

VCN - The market maintained stability, good liquidity, discipline was improved, increasing transparency and sustainability.
Cash reserves in stock accounts at six-quarter low amid margin rise

Cash reserves in stock accounts at six-quarter low amid margin rise

These funds are readily available in investor accounts, but remained undeployed as of the year-end.
Mobile Version