The State Treasury prepares technical plans to perform closing the books

VCN - The State Treasury has prepared technical plans to effectively perform closing the books at the end of 2023 and the following years.
Enhancing and streamlining of regular expenditure payment processes at the state treasury Enhancing and streamlining of regular expenditure payment processes at the state treasury
Many information channels to listen to clients' opinions about the State Treasury Many information channels to listen to clients' opinions about the State Treasury
The State Treasury prepares technical plans to perform closing the books
The State Treasury runs a stable and smooth online public service system. Photo: Ninh Thuan State Treasury.

According to the 2023 report, the State Treasury system has comprehensively implemented administrative reform and control.

The State Treasury has reviewed and listed administrative procedures between state administrative agencies, procedures between the State Treasury and the Ministry of Finance and procedures within the State Treasury under the guidance of the Ministry of Finance.

The State Treasury said that these works have created a premise to simplify and improve the effectiveness of cooperation between units within the State Treasury and between the State Treasury and the other State administrative agencies.

In 2023, the State Treasury also continues to promote the implementation of information technology projects to modernize the State Treasury's operation in line with the State Treasury Development Strategy to 2030 and the Plan for applying IT in State Treasury operation for 2021-2025; strengthens IT application to improve operational efficiency and service quality for budget-using units.

The State Treasury focuses on completing the project to upgrade TABMIS and related information technology systems to form Digital State Budget and Accounting information system (VDBAS); connects data of IT system of the State Treasury in controlling investment expenditure; deploys the Centralized document management program, the State Treasury Intranet system investment project; rents the State Treasury Data Center.

The State Treasury has continued to operate the online public service system that runs stably and smoothly to serve 100% of required budget-using units; upgraded online public services and add data exchange portals via the Internet with electricity, water, and telecommunications service providers; completed testing and agreed with VietinBank on personal payment services via accounts at commercial banks of transaction units participating in online public services, thereby improving labor productivity, minimizing risks for State Treasury officers.

In addition, the State Treasury has restructured the online public service system to increase processing speed, and prepared technical plans to effectively perform closing the books at the end of 2023 and the following years.

In 2024, the State Treasury will promote administrative reform in the State Treasury system.

Accordingly, the State Treasury continues to research and reform administrative procedures towards reducing paper documents, streamlining processes, and completely performing in the electronic environment, connecting and sharing digital data of administrative procedure transactions between ministries, departments, agencies and linking the State Treasury and units using the State budget; strengthens IT application and digital transformation in the internal process for handling administrative documents and procedures.

Regarding IT application in professional operations and internal management, the State Treasury said that in 2024, it will focus on implementing and completing IT modernization projects in the State Treasury system.

The State Treasury will submit to the Ministry for approval of the project to upgrade TABMIS and related information technology systems to form Digital State Budget and Accounting information system (VDBAS); implement connection in capital construction investment expenditure; deploys personal payment services via accounts at commercial banks of transaction units participating in online public services; develop the program to store electronic records and payment documents of the State Treasury.

The State Treasury will upgrade and expand functions of the State Treasury Online Public Service System; implement the online meeting system with the district State Treasury; rent the State Treasury Data Center and implement projects on security, system administration, and IT technical assurance of the State Treasury.

By HuongDiu/Ngoc Loan

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.
Accurate information, improving quality of state financial statement

Accurate information, improving quality of state financial statement

VCN - The preparation of state financial statement has been significantly improved for units in the State Treasury as well as at financial information providers, thereby assessing the state financial picture transparently and comprehensively.
Closely and effectively managing State fund

Closely and effectively managing State fund

VCN - Following the socio-economic management policies and the state budget estimate for 2024, the State Treasury has managed the state fund proactively, publicly and effectively, thereby ensuring the state budget balance.
Comment

Latest News

Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Banks set for aggressive bond issuance in 2025 to fuel growth

Banks set for aggressive bond issuance in 2025 to fuel growth

With a higher credit growth goal set by the SBV, banks are ramping up their efforts to secure funding through bond issuance.
Central bank cuts interest rate on bills for first time in 2025

Central bank cuts interest rate on bills for first time in 2025

According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on February 14.
Focusing on inspecting inventory of public assets at units with large and complex assets

Focusing on inspecting inventory of public assets at units with large and complex assets

VCN - According to Official Dispatch No. 1456/BTC-QLCS on inspecting the preparation and implementation of the General Inventory of Public Assets recently issued by the Ministry of Finance, the inspection of the inventory of public assets focuses on units with large asset scale and large number of inventory items, complex assets, and slow implementation progress.

More News

The government seeks approval for revised GDP, CPI targets

The government seeks approval for revised GDP, CPI targets

VCN - The Government submitted to the National Assembly for consideration and comments on adjusting the target for the growth rate of gross domestic product (GDP) to 8% or more; the average growth rate of the consumer price index (CPI) to about 4.5-5%.
Fiscal, monetary policies support demand stimulation, price stabilisation

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people’s livelihoods.
Vietnam secures VND 157 billion from state enterprise divestment in 2024

Vietnam secures VND 157 billion from state enterprise divestment in 2024

VCN - The Ministry of Finance reported that in 2024, the divestment of state capital in 5 enterprises (F1) generated VND 157 billion from an initial value of VND 145 billion
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.
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.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Banks set for aggressive bond issuance in 2025 to fuel growth

Banks set for aggressive bond issuance in 2025 to fuel growth

With a higher credit growth goal set by the SBV, banks are ramping up their efforts to secure funding through bond issuance.
Central bank cuts interest rate on bills for first time in 2025

Central bank cuts interest rate on bills for first time in 2025

According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on February 14.
Focusing on inspecting inventory of public assets at units with large and complex assets

Focusing on inspecting inventory of public assets at units with large and complex assets

VCN - According to Official Dispatch No. 1456/BTC-QLCS on inspecting the preparation and implementation of the General Inventory of Public Assets recently issued by the Ministry of Finance, the inspection of the inventory of public assets focuses on units
The government seeks approval for revised GDP, CPI targets

The government seeks approval for revised GDP, CPI targets

The Government submitted to the National Assembly for consideration and comments on adjusting the target for the growth rate of gross domestic product (GDP) to 8% or more
Mobile Version