Finance sector contributes decisively to national achievements: Official
The national finance sector has recorded important developments and made decisive contributions to the country’s achievements, according to member of the Party Central Committee and Minister of Finance Dinh Tien Dung.
Member of the Party Central Committee and Minister of Finance Dinh Tien Dung (Photo: VNA)
Hanoi (VNA)- The national finance sector has recorded important developments and made decisivecontributions to the country’s achievements, according to member of the Party CentralCommittee and Minister of Finance Dinh Tien Dung.
Addressing a discussion within the framework of the 13th National PartyCongress on January 27, Dung said the financial sector has implemented the policyof e-government development towards a digital government and digital economy, andpromoted IT application and development.
Businesses now basically conduct all tax declarations, tax payments, tax refunds,and customs procedures via digital platforms.
The restructuring of the State budget and public debt in the 2016-2020 period helpedstrengthen national finances while mobilising more resources for COVID-19 preventionand control, supporting the national economy to avoid recession, helping Vietnambecome one of the few economies posting positive growth in 2020, and creating animportant foundation for the future.
Delegates at the 13th National Party Congress (Photo: VNA)
Over the next five years, the sector will focus on completing and synchronouslyimplementing policies on pricing, State finance, corporate finance, accounting,auditing, administrative reform, applying achievements from the Fourth Industrial Revolution, and allocatingfinancial resources in accordance with market signals.
The sector will also give priority to attracting foreign investment, shiftingfrom extensive investment to intensive investment, and fully implementingprevious and new free trade agreements.
Dung said the finance sector will effectively implement the principle of spendingwithin financial capacity and borrowing within repayment ability, and work to completea database on revenues, expenditures, public debts, and public assets, while improvingthe efficiency of public financial management and administration at both the macroand micro scale, and promoting openness and transparency, as well asintensifying the fight against corruption and wastefulness.
The capacity and quality of financial inspection and supervision and auditingwill be also strengthened through applying IT. Activities in financialinspections and auditing will be expanded, while internal and remote monitoringwill be boosted.
It will also closely coordinate with relevant sectors and localities to effectivelyhandle the results of inspections and auditing, to fully recover any money and assetsfor the State, the minister added./.
A discussion of draft documents on Party building and national development took place under the chair of Prime Minister Nguyen Xuan Phuc on January 27 as part of the ongoing 13th National Party Congress.
The Party, State and people-to-people diplomacy contributed to fulfilling goals during the tenure of the 12th National Party Congress, said head of the Party Central Committee’s Commission for External Relations Hoang Binh Quan.
Twelve delegates delivered their ideas on how to boost national development in the next five years during a discussion session at the hall on January 27 morning as part of the 13th National Party Congress.
Firmly protecting the ideological foundation of the Party and refuting wrongful and hostile views play a vital role in Party building and rectification, an officer has said.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Member of the Party Central Committee and Minister of Finance Dinh Tien Dung (Photo: VNA) 
Delegates at the 13th National Party Congress (Photo: VNA) 
