The Financial Sector: Overcoming difficulties for successful reforms

VCN - Streamlining and improving the operational efficiency of its apparatus has been identified by the financial sector as a "spearhead task" of reform, in parallel with administrative reform and modernization activities, which gradually came into the order.
tin nhap 20200121150155 Expanding electronic transactions: A breakthrough in the reform of the financial sector
tin nhap 20200121150155 The financial sector has successfully completed its financial and budgetary tasks 2018
tin nhap 20200121150155 Financial Sector: Reduce the apparatus; make sure not to reduce the work quality!
tin nhap 20200121150155
Reporters of Customs Newspaper pose for a photo with officials of Pho Bang Border Gate Customs Team (Ha Giang) at the unit's headquarters. Photo: N.LINH.

Cautious but assertive

Resolution No. 18-NQ/TW dated October 25, 2017 on some issues of innovation and arrangement of the political system towards streamline and effectiveness, which was approved by the Central Party Committee of the 12th Congress, is considered as a revolution in all levels and branches, including the financial sector.

Deploying the resolutions of the Central Government and the Politburo on reorganizing and streamlining the apparatus, the Party Central Committee and the Minister of Finance issued many resolutions and decisions, which required the whole financial sector to review and consolidate its functions, tasks, powers and organizational structure. Reorganise tax, customs and State Treasury agencies, ensuring streamlined, effective and efficient operation, suitable to innovating management methods, reforming and modernizing the sector.

As a result, from 2017 to 2019, the financial sector has cut more than3,700 units from central to local levels; it has decreased some 4,974 payroll targets compared to 2015, equaling a decrease of 6.7 percent, meeting the requirements of the leaders. The results of arrangement and consolidation of units have shown determination to reform the apparatus attached to the reform of administrative procedures of the Ministry of Finance.

This is a good result. Thank to that, the financial sector has been assessed as an example of leading the revolution of organizational structure and payroll. But best of all, there were no complaints duringthe process of implementation, this is truly successful.

To do so, is it easy?

First of all, the prerequisite for success is drastic direction but rational understanding. Minister of Finance DinhTien Dung, when speaking at the major forums of the finance sector, said the implementation of the goal of organizational structure and staff streamlining is prudent but also assertive. The supreme principle is to streamline the arrangement, and keep it stable and professional. The preparation must be uniform in terms of organization and people, ensuring no disruption. This view of the head of finance inspired leaders of all units and systems from the central to local levels. When deployed, the ideological work is put on top. All levels and systems focused on directing the units to carry out the propagation, grasping the ideology of officials and officers, ensuring no major disturbance in the organization and personnel work, as well as no impact on regional budget revenue, people and businesses.

In addition, difficulties and challenges in the process of streamlining are also solved quickly and promptly by leaders at all levels of the financial sector. In fact, the arrangement and streamlining of the apparatus takes place amid a lack of synchronous regulations. Therefore, each ministry, branch and locality has different implementation methods, without a standard model for learning and drawing experiences. As one of the leading ministries, the Ministry of Finance must both implement and seek the direction of competent authorities to make the implementation process, thus it takes longer than expected. Moreover, the arrangement and merger of units in the local system makes the area and object management of the new unit be quite large with long distance, causing difficulties in moving and solving administrative procedures arising daily. For handling, the Ministry of Finance has agreed to issue additional seals, decentralization and authorization to implement the task smoothly.

In any position, the responsibility remains unchanged

How about the facilities ? To find out the root cause, we went to Lai Chau - one of the northern mountainous provinces with unique characteristics in terms of geographical location as well as difficult economy and of course, many units are on the merger list, starting from the Treasury system.

From October 1, 2019, Lai Chau State Treasury has arranged and consolidated the organizational structure, reducing from seven to five departments. So far, the implementation of the duties of the Treasury at all levels in Lai Chau has been carried out smoothly, without delay, congestion or any complaints from customers. All payments made by budget-using units are settled on time and in accordance with regulations, ensuring accurate and timely data.

ChinhChinhDuy received us on a busy day at the end of the year. Previously the Head of the Department of Informatics at the provincial State Treasury, after the Department of Informatics merged with other departments, Duy became Director of the State Treasury of Nam Nhun district. In this poor mountainous province, Nam Nhun is a particularly difficult new district, which is 120km from the centre of the province, it usually takes half a day to get there. Regarding the change, Duywas a little concerned. He said: “The hard thing to overcome is being away from my family and getting used to new jobs in a typical difficult district like Nam Nhun. However, after twomonths of taking on a new assignment, with the support of the leaders as well as the encouragement of colleagues, I caught up in the work and found joy with my friends.”He added: “A new task is a change and challenge. No matter where I work, I will not be afraid of difficulties, I will fulfill my political tasks.”

Luckier than Duy when not being away from his family, Ha Dinh Huynh, who was the Deputy Director of Tan Uyen Tax Department, is now Deputy Director of the Tax Department of Than Uyen - Tan Uyen area. After the two units were merged, he also has to take twice as long, from 20km to 40km to get to work. “With the terrain of Lai Chau province, 40km is not long but you cannot go fast. Moreover, it is very difficult to travel in the evening,” Huynh said. However, officials like him are not afraid of the task. "The whole tax sectorworks positively, which is the motivation to help me and other officials to complete our duties," Huynh said.

Leaving Lai Chau, we travelled hundreds of kilometers of roads curving around small valleys to Pho Bang border gate, Ha Giang. In the middle of a peaceful mountain and forest, Hoang TheKien - Deputy Director of Pho Bang Customs Sub-Department (now Deputy Director of Sam Pun Customs Branch) talked about his work with a gentle voice, like smoke rising in the middle of a cold rocky plateau. Over the past time, the whole Customs branch has merged 14 branches, dissolved one branch, established three new branches and renamed three.

On this list, Pho Bang became a team of Sam Pun Border Customs Branch. “This is the policy of superiors, for customs officers at any unit, they still have to seriously fulfill the assigned tasks. Determining that, the Sub-Department leaders have regularly grasped the feelings of colleagues in the unit to disseminate and propagate the policy of the superiors to each official in the meetings as well as in daily life. Every Customs officer, wherever he is and whatever his charge is, he is still the gatekeepers of the country's economy and the people who are responsible for the borders of the country, so no matter which unit you are in, the responsibility will not change,”Kien said.

His tough words are just like a promise to his sector and his unit, but perhaps, it was his personal advice that made us understand that "one hand is unspeakable”. If there is only the determination from the top down, without sacrifice and determination from the bottom up, the financial sector will not be able to achieve the goods results in such a respectable organizational structure.

Conclusion

Leaving the passages to return to the capital, I suddenly remembered a poem by Uncle Ho:

Travel is to know the difficulties

High mountains then the other ones

High mountains thatseem to last forever

In the eyes were rows of mountains

The whole financial sector has overcome many hardships on the road to reform the apparatus. Although knowing that there is “a row of mountains” ahead as the target in 2021 is to cut at least 10 percent, with that unanimity, I believe that we will cross the highest mountain in the near future, contributing to the overall success of the country.

By Phong Le/KieuOanh

Related News

Vietnam still primarily relies on processing and manufacturing with limited automation integration

Vietnam still primarily relies on processing and manufacturing with limited automation integration

VCN - Vietnam needs to cultivate domestic enterprises that are large-scale, possess international competitiveness, boast established brands, and can serve as cornerstones in leading the industrialization and modernization process.
Simplification is not enough, enterprises need stronger administrative reform

Simplification is not enough, enterprises need stronger administrative reform

VCN - Commenting on the Draft Report on improving business regulations to support productivity growth in Vietnam, the Vietnam Chamber of Commerce and Industry (VCCI) said that regulations on administrative procedures need stronger reform.
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.
“King of luxury brands” Johnathan Hanh Nguyen proposes six contents to improve quality of Customs - Business partnership

“King of luxury brands” Johnathan Hanh Nguyen proposes six contents to improve quality of Customs - Business partnership

VCN - As a businessman with many connections to customs work, Chairman of Imex Pan Pacific Group (IPPG) highly appreciated the efforts of the Customs sector in reform and trade facilitation business community.

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