Simplifying administrative procedure in State Treasury field

 VCN- The Ministry of Finance is drafting a Decree stipulating administrative procedure in the field of State Treasury to improve, simplify and standardize procedures, and meet requirements on the control of State revenue collection and payment.  
simplifying administrative procedure in state treasury field The State Treasury: The focus of Administrative reform is customers
simplifying administrative procedure in state treasury field In 2017, the control of recurrent expenditures accounts for 91.3% of the year’s estimate
simplifying administrative procedure in state treasury field State Treasury implements over 300 specialized inspections
simplifying administrative procedure in state treasury field
Customers transact at Binh Duong Treasury.

The Draft is developed to review, improve, simplify and standardize administrative procedures in the State Treasury field, and meet requirements on the control of State revenue collection and payment under the Law on State budget 2015, Law on fee and charge 2015, Law on Construction 2014 and other relevant legal documents, and in accordance with the actual IT application in agencies and units as well as orientations on procedure reform and innovation.

At the same time, prevent the issue of new or complicated administrative procedures compared to the procedures stipulated in current Circulars of the Minister of Finance; review to abolish some procedures which were publicized but are not in accordance with new provisions or the reality.

Besides, administrative procedures are also reformed, simplified, standardized and publicized, and meet requirements on the control of State revenue collection and payment promptly, strictly and effectively and facilitate relevant individuals and organizations. Thereby, reducing the time of State revenue payment to 5 minutes/ transaction (previously about 30 minutes), reducing time of controlling investment expenditure from 7 days to 3-4 working days.

However, besides achievements, the provision and implementation of administrative procedures in the State Treasury also have shortcomings such as: some administrative procedures were issued and have been implemented, but they need to be reviewed to amend and supplement or be newly issued in accordance with new legal documents and management mechanism (for example administrative procedures on payment of State investment capital for the implementation of national target programs for 2016-2020, the control of State expenditure via the State Treasury under the new provisions of the law on State budget 2015 and Law on Public Investment 2014).

The administrative procedures for receiving and storing precious assets and valuable papers at the State Treasury and the administrative procedures for giving precious assets and the valuable papers to the State Treasury, which are no longer appropriate (because the fee for storage and management of these assets are not specified in the list of fees and charges in accordance with the Law on Charges and Fees in 2015), should be abolished.

simplifying administrative procedure in state treasury field State Treasury urgently prepares pilot state financial report

VCN - The State treasury is actively coordinating with relevant agencies to prepare to synthesize and make ...

According to the Ministry of Finance, the amendments are to meet the requirements on administrative procedures in the State Treasury field in accordance with provisions in Law on Promulgation of Legal documents 2015 and new provisions in the field of the State revenue collection and payment via the State Treasury; meet requirements on administrative procedure reform and IT application under the Government’s policies. In addition, in order to remove difficulties and shortcomings in carrying out administrative procedures in the State Treasury field, it is necessary to develop and issue a Decree stipulating general administrative procedures.

Therefore, developing a sufficient and unified legal framework for the implementation as well as restricting the issue of a large number of Decrees therein after in case of the Ministry of Finance’s proposals for amendment and supplements to the current Circulars stipulating administrative procedures in the State Treasury field.

By Huong Giang/ Ngoc Loan

Related News

Quang Ninh Customs: Innovation in developing Customs-Business partnership

Quang Ninh Customs: Innovation in developing Customs-Business partnership

VCN - Quang Ninh Customs Department is determined to improve the quality of Customs-Business partnership, with practical actions in supporting and accompanying businesses.
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.
Anti-corruption in Finance: Resolutely eliminating cumbersome administrative procedures

Anti-corruption in Finance: Resolutely eliminating cumbersome administrative procedures

VCN - The Ministry of Finance identifies administrative reform and simplification of regulations related to business activities as key solutions for preventing and combating corruption and negativity.

Latest News

Vietnam

Vietnam's stock market to develop strongly and sustainably

VCN - This was emphasized by Minister of Finance Nguyen Van Thang at the Conference to review the work of 2024 and deploy the work of 2025 of the State Securities Commission (SSC) held on the afternoon of December 18.
Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN – Motivated by the revenue collection by the end of December 2024, the General Department of Taxation has accomplished the revenue collection.
General inventory of public assets raises efficiency of use and management of country

General inventory of public assets raises efficiency of use and management of country's resources

VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by a representative of the Department of Public Asset Management (Ministry of Finance) at the press conference on the implementation of the General Inventory Project of public assets organized by the Ministry of Finance on the afternoon of December 18.
Publicizes progress of public investment disbursement for important national projects

Publicizes progress of public investment disbursement for important national projects

VCN – Important national projects, inter-regional transport projects, riverbank and coastal erosion treatment projects all have disbursement rates lower than the estimated average disbursement rate of the whole country, the Ministry of Finance said.

More News

Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
PM urges stronger measures to manage interest rates

PM urges stronger measures to manage interest rates

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to proactively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Vietnamese products: Conquering foreign customers in supermarket systems

Vietnamese products: Conquering foreign customers in supermarket systems

VCN - According to the Ministry of Industry and Trade, the proportion of Vietnamese goods in distribution channels currently reaches more than 80% in supermarkets and 60% or more in traditional retail channels. For many retailers, Vietnamese goods have become a growth driver as they not only do business successfully in the domestic market but also export.
Answering many questions from businesses at dialogue conference on tax and customs policies

Answering many questions from businesses at dialogue conference on tax and customs policies

VCN - Many opinions and recommendations related to tax and customs issues were raised by the business community at the dialogue on tax and customs policies and administrative procedures in 2024, organized by the Ministry of Finance.Representatives of the Ministry of Finance, the General Department of Taxation, and the General Department of Customs provided specific responses, and affirmed that they will continue to research and advise on the assessment, review, and amendment and supplementation of appropriate regulations.
Enterprises face difficulties in tax refunds due to partners closing

Enterprises face difficulties in tax refunds due to partners closing

VCN - On December 13, at a dialogue conference on tax and customs policies and administrative procedures organized by the Ministry of Finance in coordination with the Vietnam Chamber of Commerce and Industry (VCCI), enterprises proposed solutions to many problems related to tax policies such as VAT refunds, tax declaration procedures, electronic invoices, etc.
Strengthen the management and use of electronic invoices for e-commerce

Strengthen the management and use of electronic invoices for e-commerce

VCN - Prime Minister Pham Minh Chinh requested ministries, branches and localities to strengthen the management and use of electronic invoices and improve the efficiency of tax collection for e-commerce.
Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law

Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law

VCN - The Ministry of Finance has just completed the proposal to draft the Personal Income Tax Law (PIT) and officially solicited public comments. By amending and supplementing nearly 90% of the total number of articles of the current PIT Law, the Ministry of Finance has submitted to the Government for permission to propose the draft PIT Law to replace the PIT policy system. The project is expected to be approved by the National Assembly in May 2026.
Expansionary fiscal policy halts decline, boosts aggregate demand

Expansionary fiscal policy halts decline, boosts aggregate demand

VCN - Customs News interviews Ms. Nguyen Thanh Nga, Deputy Director of the Institute for Financial Strategy and Policy (Ministry of Finance).
Read More

Your care

Latest Most read
Vietnam

Vietnam's stock market to develop strongly and sustainably

VCN - This was emphasized by Minister of Finance Nguyen Van Thang at the Conference to review the work of 2024 and deploy the work of 2025 of the State Securities Commission (SSC) held on the afternoon of December 18.
Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN - With the determination to accomplish the revenue collection to create resources for economic development under the Prime Minister's direction, the entire Tax sector has made efforts to perform the revenue collection in the last days of 2024.
General inventory of public assets raises efficiency of use and management of country

General inventory of public assets raises efficiency of use and management of country's resources

VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by
Publicizes progress of public investment disbursement for important national projects

Publicizes progress of public investment disbursement for important national projects

VCN - The Ministry of Finance has issued Document No. 13213/BTC-DT to publicize the progress of public investment disbursement of key national projects.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Mobile Version