Online public service: Contributing to promoting the disbursement progress of public investment capital

VCN – The launch of online public service has brought many utilities for treasury tellers and the units using the state budget, promoting the disbursement progress of public investment capital, especially in the last months of the year.
the monthly transactions of state budget expenditure vouchers on the online public service system reached over 99.6%. Photo: Thùy Linh
the monthly transactions of state budget expenditure vouchers on the online public service system reached over 99.6%. Photo: Thùy Linh

Only 0.4% of the number of direct transactions

Deputy Prime Minister Le Minh Khai has just signed to issue the Resolution No. 124/NQ-CP of the Government about the main missions and solutions to promote public investment capital disbursement in the last months of 2022. The Resolution set striving target of reaching 95%-100% of the plan on public investment capital disbursement assigned by the Prime Minister; 100% of local state budget capital is disbursed; disbursing at least 50% of fund from Soci-economic development and recovery programme which is assigned in 2022.

Many specific tasks have been assigned to each ministry and sector to achieve this goal. In particular, Deputy Prime Minister Le Minh Khai requested the Ministry of Finance to direct the State Treasury to promote payment through online public services to save time and travel costs for investors. Also, it aimed to publicize the dossier settlement process at the payment control agency.

From February 1, 2018, the State Treasury officially provided online public services for budget-using units and investors who opened transaction accounts at Treasury units. Up to now, 100% of compulsory entities have participated in online public services of the State Treasury. As a result, the monthly transactions of state budget expenditure vouchers on the online public service system reached over 99.6%. However, according to a report from the State Treasury, currently, there is only 0.4% of the number of direct transactions at the Treasury remains because of the infrastructural conditions and the internet connection from the budget user side, which sometimes does not guarantee the speed to transfer data to Treasury…

Through the implementation, it can be seen that the launch of online public services on a large scale has formed the electronic transaction channel of the State Treasury, creating favourable conditions for customers in transactions with the State Treasury, bringing the State Treasury closer to customers and society through the internet. It is a robust administrative reform step of the State Treasury under the direction of the Government, the Ministry of Finance and the State Treasury development strategy.

The use of online public services with digital signatures has increased security, avoiding forging signatures and seals of the unit, helping customers as well as the State Treasury to monitor the settlement process of dossier and control state budget expenditures, improve accountability and transparency in the control of state budget expenditures in particular and transactions with customers in general. Besides that, the online public service also supports automated data collection on TABMIS which has helped to accurately and quickly compare and confirm the data of transaction units at the State Treasury accurately and quickly, minimizing errors in the transaction process, contributing to ensuring the safety of money and property of the State.

It can be said that the online public service level 4 of the State Treasury has completely changed the traditional way of transactions, brought many practical benefits, and improved the working efficiency of the State Treasury and budget-using units. For example, the State Treasury's tellers do not have to make direct transactions using online public services with customers. Thus labour productivity is improved, limiting many risks in professional operations.

Furthermore, budget-using units have been more proactive in sending capital payment documents to the State Treasury in the online environment at any time and place, thus saving a lot of time and travel costs as well as printing documents. Recording feedback from the budget-using units, the online public service of the State Treasury has many utilities. Customers can supervise the process of receiving and processing documents of the State Treasury tellers, saving a lot of administrative costs. Waiting in line to conduct the transaction at the headquarters of the units of the State Treasury, especially at the end of the quarter and the end of the year is no longer available.

Continue to upgrade online public services

Currently, mechanisms, policies, and professional operations for controlling state budget expenditures are increasingly being supplemented and perfected; a mechanism and policy guide direct and online transactions. In addition, technical solutions for online public services are updated and revised promptly based on receiving user feedback to serve users better and better.

However, to promote all benefits and to be a stepping stone for the entire State Treasury system to move towards a digital treasury, the State Treasury units are proposing the State Treasury complete the interface design based on the needs of users; at the same time, adding notices and actions to be taken for each public service.

It is necessary to upgrade the performance so that the budget-using unit can send a large file attracting with documents on online public service without having to go to the State Treasury to send a paper file directly (in the field of control investment expenditure and asset purchase expenditure); added the feature to choose a time to process dossiers and documents in the field of investment expenditure with a specified time: processing one day (when making payment in advance, checking later), three days (check in advance and pay later); allowing online public service registration for investment projects managed by multiple investors and budget levels.

In addition, online public services need to be more finished, adding functions that allow receipt and approval of documents in chronological order; choose to process simple, short-term documents first. For complicated documents requiring a long processing time, it is necessary to check and control the following records later, allowing to transfer of documents to another module for processing later.

At the same time, the State Treasury units also suggested that online public services should be supplemented with features to look up and check account balances as soon as tellers receive, process documents and control the advance balance of each sub-item. If it is not enough, it will not be transferred to Tabmis, helping reduce manual work for civil servants and work pressure during peak times.

By Thùy Linh/Thanh Thuy

Related News

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
State Treasury to auction VND128,000 billion of government bonds in Q4/2024

State Treasury to auction VND128,000 billion of government bonds in Q4/2024

VCN - The State Treasury (KBNN) has announced the plan to auction of VND128,000 billion of government bonds in Quarter 4, 2024, including the issuance volume for Vietnam Social Security.
Customs processes 5.2 million administrative applications

Customs processes 5.2 million administrative applications

VCN - In the third quarter of 2024, the Customs agency received 5,257,467 administrative applications in the customs sector.
Proactively mobilizing financial resources from the budget to modernize tax management

Proactively mobilizing financial resources from the budget to modernize tax management

VCN - The regulation of financial resources from the budget, proactively arranging modernization funds, investing in information technology (IT) applications, digital transformation... in a timely manner is very important, affecting the provision of online public services and ensuring the security and safety of taxpayers' databases.

Latest News

Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.

More News

State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
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.
Inspection report on gold trading activities being complied: SBV

Inspection report on gold trading activities being complied: SBV

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

VCN -The Government estimates that state budget revenue in 2024 will exceed VND 172.3 trillion, up 10.1% over the estimate, of which tax and fee revenue will reach 13.1% of GDP.
Ensure timely and effective management and use of public asset

Ensure timely and effective management and use of public asset

VCN – In order to promptly and effectively implement public asset management and use, ensuring compliance with legal regulations, the Ministry of Finance has just issued an official dispatch requesting ministries, branches and localities to comply with regulations in the Government’s Decree No. 114/2024/ND-CP dated September 15, 2024.
Accelerating decentralization in public asset management

Accelerating decentralization in public asset management

VCN - Amending the Law on Management and Use of Public Assets aims to improve regulations on accelerating decentralization and improving efficiency in management and use of public assets, and promoting financial resources, ensuring that the unified application the Law on Management and Use of Public Assets and other legal documents.
Difficulty in finding banks eligible to receive compulsory transfers

Difficulty in finding banks eligible to receive compulsory transfers

VCN - Reporting to the National Assembly, the State Bank of Vietnam (SBV) said that one of the difficulties in restructuring the credit institution system is the long process of finding and negotiating banks eligible to receive compulsory transfers.
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.
State budget revenue estimate 2025 assessed as positive level despite potential challenges

State budget revenue estimate 2025 assessed as positive level despite potential challenges

VCN – Deputy Prime Minister and Minister of Finance Ho Duc Phoc said that the state budget revenue for 2025 is estimated at VND 1,966.8 trillion, an increase of 15.6% compared to the estimate for 2024.
Read More

Your care

Latest Most read
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigne
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

According to the report of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Mobile Version