Affirming its pivotal role in the country's 80 years of development
On the morning of August 8, 2025, at Ho Guom Theater (Hanoi), the 80th anniversary of the traditional day of the Vietnamese Finance industry (August 28, 1945 - August 28, 2025) was solemnly held. General Secretary To Lam attended and gave a speech at the event.
The ceremony was also attended by Politburo member, Prime Minister Pham Minh Chinh, leaders and former leaders of the Party, State, and Vietnam Fatherland Front; representatives of central and local departments, ministries, and branches, along with a large number of civil servants and public employees in the Finance sector through the ages.
The celebration is an important occasion to review the glorious journey of one of the first 13 ministries under the Provisional Government of the Democratic Republic of Vietnam. From the Golden Week movement, the Independence Fund, to the issuance of Uncle Ho's silver coins, the Finance sector has laid the first bricks for the financial foundation of the revolution.
During the resistance war, the industry ensured financial resources for the battlefield. When the country is unified, the industry continues to play a core role in restructuring and building a strong national financial system. Entering the process of innovation, integration and modernization, the Finance sector is constantly reforming to meet the requirements of managing the socialist-oriented market economy.
Many important milestones have been affirmed, such as reforming the tax system, establishing the State Treasury, developing and perfecting the State Budget Law, developing the financial - securities market, restructuring public debt and promoting digital transformation in public finance. Thereby, affirming the role of coordinating, mobilizing and allocating national resources of the Finance sector for all aspects of socio-economic development.
Strategic change for a modern national financial system
2025 marks a special milestone, when the Ministry of Finance officially implements the consolidation organization model, becoming an overall coordination agency in the fields of finance, planning - investment, social insurance and state capital management at enterprises.
The merger of the apparatus is not only an event of organizing the apparatus, but also demonstrates the strategic vision of the Party and State in building a modern, effective macro-economic management agency with the capacity to lead the economy.
This model creates favorable conditions for financial policy making in sync with the national development strategy, ensuring connectivity in budget management, public investment, social security and effective use of state capital. Thereby, contributing to improving the competitiveness of the economy, ensuring fairness and inclusive development.
Speaking at the ceremony, General Secretary To Lam highly appreciated the important role and great contributions of the Finance sector over the past 80 years, and at the same time put great expectations on the team of financial officers in carrying out new tasks in the upcoming development period.
General Secretary To Lam emphasized: "The financial sector is not only a pillar of the country's economic policies, but also a pioneer in national economic innovation and development, highly appreciated by the Government and the domestic and foreign business community".
On behalf of the Party and the State, General Secretary To Lam presented the First Class Independence Medal to the Ministry of Finance - a noble award recognizing the efforts, contributions and great achievements of the entire sector through the revolutionary stages.
With a glorious tradition and aspiration for innovation, the unified Finance sector is expected to continue to affirm its pioneering role in creating effective macro policies, building a modern, transparent, fair and sustainable national financial system.
The mission of the Finance sector is not only to ensure budget safety or regulate the market, but also to closely accompany people and businesses; contributing to building a strong and prosperous Vietnam in the new era of development.
Speaking at the ceremony, Minister of Finance Nguyen Van Thang emphasized that since President Ho Chi Minh signed the decree to establish the Ministry of Finance in 1945, the Finance sector has constantly innovated to adapt to the requirements of each period.
In particular, in the 40 years of Doi Moi, the industry has achieved many outstanding marks with five important groups of achievements: building a new development mindset; perfecting fiscal policies to promote growth; breaking through in economic institutions; developing financial and insurance markets; accompanying the social security system.
In the new context, the Finance sector is entering a strategic transformation phase with a unified organizational model, becoming an overall coordinating agency for the fields of finance - investment - social insurance - state capital management in enterprises.
The Minister also expressed his belief in the industry's 50-year tradition, the spirit of innovation - the desire to rise up, and pledged that the Finance sector will take drastic action, excellently complete all assigned tasks, worthy of the trust of the Party, State and People.
