Financial Highlights in 2011(05/01)
05/01/2012 - 14 Lượt xem
1. Financial sector had new leader
On August 3, 2011, at the first session of the 13th National Assembly, the National Assembly approved the Government personnel plan submitted by the Prime Minister, in which Vuong Dinh Hue was appointed as the Finance Minister.
2. State budget revenue exceeded yearly target
Despite many economic difficulties due to the world economic crisis and urgent tasks
to curb inflation, stabilize macro-economy and ensure social security,
State budget revenues from the finance sector reached VND674.5
trillion, exceeding the set target.
3. International cooperation was expanded
In
2011, international financial cooperations took place broadly and
widely in both quality and quantity, from bilateral to multilateral
cooperations in many countries and regions worldwide. Vuong Dinh Hue
attended many large financial forums to strengthen cooperations between Vietnam and ASEAN, APEC, Europe, the US, Japan, India, Belgium, the UK and large financial institutions such as World Bank (WB), International Monetary Fund (IMF) and Asia Development Bank (ADB), making important contributions to Vietnam's comprehensive integration with the region and the world.
4. Drastic measures were taken to implement Government's Resolution 11/NQ-CP
Finance sector drastically
implemented solutions to control State budget spending, cut public
investment, reallocate capitals for urgent construction projects
according to the Government's guidelines, suspend new projects,
allocate 70,000 tonnes of rice and other equipments and facilities to aid people in flooded areas, helping to control inflation, stabilize macro-economy, ensure social security and boost production and business operation.
5. Price management was transparent
The conference on controlling petroleum prices using the market mechanism at the end of September, 2011 draw the public attention as petroleum is input material of many other production sectors. The aim of this conference is to require a greater transparency for petrol fund for the sake of clue enterprises and the whole nation. At the second session of the 13th National Assembly, Vuong Dinh Hue also affirmed that transparency is a basic solution and a breakthrough in the petroleum price management.
6. The General Department of Customs launched the Declaration of Customer Service
Not only making renovation in administrative procedures, the Declaration of Customer Service showed Customs commitment to enterprises and the social community with the moto "Profession-Transparency-Efficiency"
to create favorable conditions and meet State managerial requirements
for Customs in business activities. The year 2011 is also the first
year State budget revenues from Customs sector totaled more than VND200
trillion and Vietnam trade revenues reached US$200 billion.
7. More than 400,000 businesses used self-printed invoices
Under Governmental Decree 51/2010/ND-CP, more than 400,000 businesses could print their own invoices. This change was considered as one of the most drastic administrative reform in the tax sector in 2011.
8. TABMIS project continued to be implemented successfully
By the end of 2011, the Treasury and Budget Management Information System (TABMIS) system has been deployed and implemented in 46 provinces and cities and connected its database communication directly to 15 Ministries and agencies, making a positive contribution to the modernization of the State Treasury system.
9. A plan was made to restructure State owned enterprises (SOEs), the securities market and insurance businesses
To fulfill the target of economy restructuring adopted by the Vietnamese National Assembly and Government, the Ministry of Finance
established a Steering Committee for designing the SOEs restructuring
project to submit to the Prime Minister for approval and then organize
the implementation works; built legal frameworks, policies and finish
restructuring project for the stock market, stock companies and
insurance market and submit them to State authorized agencies for
approval.
10. The financial sector contributed to the construction of a martyrs’ cemetery
Finance
Sector voluntarily contributed its efforts and wealth and cooperated
with the Quang Tri Provincial People's Committee to upgrade the Ritual
Hall at the Road 9 Martyrs' National Cemetery./.
Source: VEN
Source: VEN
