Assigning specific tasks to each unit
Minister of Finance Nguyen Van Thang recently signed and issued Decision No. 1015/QD-BTC dated March 14, 2025 on the Action Plan of the Ministry of Finance to implement Resolution No. 25/NQ-CP dated February 5, 2025 of the Government on growth targets of sectors, fields and localities to ensure the national growth target of 8% or more in 2025.
The content of the Plan clearly states that units in the Ministry, according to their assigned functions and tasks, closely monitor the situation, closely coordinate, synchronously, comprehensively and effectively implement the tasks and solutions set out in the fields.
The Department of Local and Area Economics is assigned to urge, synthesize, monitor, evaluate the situation, implement tasks and solutions to promote GRDP growth, synthesize GRDP growth scenarios, proposals and recommendations from localities to achieve the set goals.
The Statistics Office closely monitors the situation, synthesizes, reviews, updates, and gives opinions on GRDP growth scenarios and local sectors and fields, and assesses the implementation of GRDP growth targets of localities.
The State Enterprise Development Department advised the Prime Minister on developing a Directive for state-owned enterprises and directing the assignment of an additional 8% growth target to ministries, branches, localities, and owner representatives; advising the Ministry on assigning targets to corporations and corporations with the Ministry of Finance as owner representatives.
The State Budget Department synthesizes the final results of the State budget mobilization, reports to the Ministry, and reports to competent authorities. The Tax Department and the Customs Department will develop a monthly, quarterly and annual budget collection scenario, in which specific solutions will be proposed to achieve the 2025 state budget revenue target according to Resolution No. 01/NQ-CP (revenue in 2025 will increase by 10% compared to the estimate in 2024); thereby, ensuring the state budget revenue rate of about 16% of GDP.
The Department of Tax, Fee and Charge Policy Management and Supervision continues to research and advise on solutions on taxes, fees and charges to remove difficulties for businesses and people, promote growth and create more revenue for the state budget.
Promoting capital disbursement, strictly controlling expenditures
The Investment Department will preside over the development of a monthly and quarterly management plan to complete the target, including proposing specific solutions and policies on capital allocation, promoting disbursement to strive to disburse 95% of the Prime Minister's capital plan, and synthesizing reports to the Prime Minister on the implementation of the public investment plan.
The State Treasury and the Department of Financial Institutions develop monthly and quarterly management plans to mobilize capital for development investment, closely following the interest rate situation, investment needs for government bonds and foreign capital. The Department of Foreign Affairs and Economic Development reviews demand, negotiates, signs foreign loans and monitors the progress of foreign loans to mobilize according to the disbursement schedule. The Planning and Finance Department of the Ministry of Finance has developed a plan to implement the target of disbursing 95% of the assigned capital plan.
The State Budget Department is assigned to preside over and coordinate with relevant units to organize the implementation of strict state budget expenditure management solutions, thoroughly saving regular expenditures, striving for a regular expenditure ratio of less than 60% of total state budget expenditures. The Department of Finance - Industry and Trade urgently implements guidelines on striving to save an additional 10% of regular expenditures to increase the 2025 estimate compared to the 2024 estimate according to Resolution No. 01/NQ-CP.
The State Budget Department, the Finance - Economic Sector Department, Department I, the State Enterprise Development Department urge ministries, central and local agencies to strive to save an additional 10% of regular expenditures in 2025 compared to the 2024 estimate.
