The financial industry overcomes difficulties and achieves many important achievements
The political report submitted to the 1st National Party Congress of the Ministry of Finance, term 2025 - 2030, opened on the morning of August 21, stated that in the recent term, the Finance sector has overcome many unprecedented difficulties and challenges, comprehensively completed political tasks, built the Party and the political system, and achieved many outstanding results in socio-economic development.
Party Secretary and Minister of Finance Nguyen Van Thang emphasized that the steadfastness of the policies and guidelines for innovation of the Party and State has helped the Finance sector overcome difficulties, achieve many "double achievements", contributing to the whole country's successful implementation of the goals of the Resolution of the 13th National Assembly of the Party.
Comrade Nguyen Duc Chi, Standing Deputy Secretary of the Party Committee, Deputy Minister of Finance, briefly presented the Political Report at the Congress, saying that in the past term, the financial sector has implemented a streamlined apparatus, operating effectively and efficiently, while promoting decentralization and delegation of power. Proactive and flexible fiscal policies are closely coordinated with other policies, helping to maintain macroeconomic stability.
Total budget revenue for the period 2021 - 2025 is estimated at 9.4 million billion VND, exceeding the set target; the mobilization rate to the budget is 18.3% of GDP; public debt decreased from 62.7% of GDP in 2021 to about 36 - 37% of GDP in 2025. Medium-term public investment has been allocated capital since the beginning of the period, focusing on key national projects, the disbursement progress has been significantly improved.
The Finance sector has advised on the development and promulgation of 738 legal documents and the digitalization of 734 administrative procedures, helping to save costs and facilitate people and businesses. Many public services on taxes, customs, and treasury are provided completely online; The budget publicity portal operates effectively, transparency of public financial management.
During the Covid-19 pandemic, the industry has implemented a support package of about 1.1 million billion VND to reduce, extend and postpone many types of taxes, fees, and land rents, while ensuring resources for epidemic prevention, control and socio-economic recovery. The fields of price management, securities, insurance, accounting - auditing continue to be improved according to international standards, creating a solid foundation for financial market development.
Along with professional tasks, Party building work has also achieved many positive results. Studying and following Ho Chi Minh's ideology, morality and lifestyle has been seriously implemented, associated with Resolution 4 of the Central Committee, creating clear changes, preventing and repelling degradation in ideology, morality and lifestyle. Inspection and supervision work is put into order, helping to prevent and promptly handle violations, maintaining discipline and order throughout the Party.
Development aspirations until 2030
Based on the achieved results, the Congress determined the strategic goals for the period 2025 - 2030, demonstrating the strong development aspiration of the Finance sector.
Accordingly, strive for an average GDP growth rate of 10%/year or more, GDP per capita of 8,500 USD by 2030. The budget deficit for the period 2026 - 2030 is about 5% of GDP, public debt is over 45% of GDP, inflation remains at 4 - 4.5%/year.
By 2030, the country strives to have 2 million operating enterprises, of which the private economy will grow by 10 - 12%/year and at least 20 large enterprises will participate in the global value chain. The state-owned enterprise sector aims to have at least 50 enterprises in the Top 500 of Southeast Asia and at least 1 enterprise in the Top 500 of the world.
Regarding investment attraction, registered FDI capital for the period 2026 - 2030 is expected to reach 200 - 300 billion USD, equivalent to 40 - 50 billion USD per year; realized capital is about 150 - 200 billion USD, equivalent to 30 - 40 billion USD/year; product localization rate reaches over 40% by 2030.
The Party Committee of the Ministry of Finance emphasized that the 2025 - 2030 term will be the period when the country faces many difficulties and challenges, and even more serious and serious problems than the previous period. In that context, the Ministry of Finance determined the requirement for each party organization and each party member to uphold the spirit of responsibility, solidarity, innovation, and creativity, to excellently complete both the political tasks and the Party building work assigned by the Party and the State.
