1. Financial and budgetary tasks fulfilled in challenging condition

The State budget collection surpassed the set target for the year while the State budget allocation has been ensured.

2. The Ministry of Finance (MoF) tops the Viet Nam ICT Index list

According to the Viet Nam Association for Information Processing, the MoF moved up from its second place in informantion technology (IT) readiness in 2012 to the first place with 0,7987 point.

3. Price management contributes to inflation curbing and macro-economic stabilization

The MoF has implemented effectively regulations on price management and watched closely developments of domestic and international markets to take appropriate responsive measures, contributing to keeping the CPI growth at 6.2-6.3%, the lowest in the past decade.

4. Institutional improvements made in business management and inspection

The MoF has developed numerous legal documents related to businesses and submitted them to the Government for issuance.

5. Legal system for finance constructed successfully

A series of laws related to finance officially came into force in 2013. The MoF has prepared decrees and guilding documents to create a legal corridor for the implementation of these legal documents.

6. Capital mobilization for State budget and development investment fulfilled

The MoF has taken effective measures to mobilize VND181,093 billion (US$8.5 billion), 3 percent higher than the estmates, for the State budget and development investment capital.

7. State budget expenses managed and monitored by State Treasury system

The Viet Nam State treasury has managed and controlled commitments on State budget spending through its branches to improve the public finance, help devise a medium-term budget plan for rhe economic restructuring programme, as well as enhance State budget management.

8. Electronic customs officially implemented

E-customs procedures have been processed by all 34 customs departments across the country, facilitating businesses’ export and realising PM Nguyen Tan Dung’s direction on administrative reforms.

9. Stock market maintains high growth with restructural improvements

The stock market has been one of the top ten fast- growing markets while the restructuring of the market and stock companies have been enhanced.

10. The insurance market records the fastest international integration speed in the region

The market currently sees the operation of 59 insurance companies which have offered over 800 products in total, maintaining an average growth rate of over 16% over the past decade and reinvesting over 22% of its renenue in the economy./.

Source: Chinhphu.vn