Promoting the pillar role of the Finance sector in economic management
On the morning of August 8, the Ministry of Finance held a ceremony to celebrate the 80th anniversary of the Vietnamese Finance Industry's tradition (August 28, 1945 - August 28, 2025) and received the First Class Independence Medal. The ceremony was attended by General Secretary To Lam, Prime Minister Pham Minh Chinh and many leaders of the Party, State, central and local ministries and branches.
Speaking at the ceremony, General Secretary To Lam highly appreciated the role and contributions of the Finance sector throughout the country's development. The General Secretary emphasized that the financial sector is not only a pillar in the country's financial policy but also a pioneer in national economic innovation and development, highly appreciated by the Government, the business community and domestic and foreign investors.
The General Secretary stated that the new context poses high and urgent requirements for the financial sector. "Whether or not our country's economy can break out and rise strongly or not plays a very important role in the financial sector," the General Secretary emphasized.
Orientation for the coming period, General Secretary To Lam requested the Finance sector to focus on resolving bottlenecks and bottlenecks in development institutions; adjusting economic space, expanding development space; strengthening decentralization, delegation of authority, allocation and combination of economic resources.
The General Secretary suggested a new growth model, taking science and technology, innovation and digital transformation as the main driving force, to create strong changes in productivity, quality, efficiency and competitiveness of the economy.
Completing financial policies and improving operational efficiency
In addition, the financial sector needs to continue to improve institutions and financial policies - state budget; improve the effectiveness and efficiency of law enforcement. The General Secretary emphasized the viewpoint that " institutionalization is a breakthrough of breakthroughs", a resource and a driving force for development.
The financial sector is required to pioneer in realizing important policies and resolutions of the Party, especially Resolution 68 on private economic development and Resolution 57 on breakthroughs in science, technology, innovation and national digital transformation, to contribute to the implementation of the double-digit economic growth target in the coming period.
The General Secretary also requested to review and continue to improve institutions and policies for state-owned enterprises; promote decentralization and delegation of authority in conjunction with improving accountability, operational efficiency and governance capacity. According to the General Secretary, this is to maximize the role and resources that state-owned enterprises are holding, creating motivation to lead the economy and implement State policies.
In the budget sector, the General Secretary requested the Finance sector to strengthen discipline and order in terms of finance and state budget; strictly manage budget collection, ensure correct, sufficient and timely collection; strict and effective budget expenditure management; thoroughly save regular expenditures; focus resources on development investment, especially large projects that are transforming the situation and turning the situation around.
The General Secretary also requested the Finance sector to have solutions to mobilize development resources more effectively in the financial market, capital market, stock market and among the people; increase attraction of domestic and foreign investment capital; create more favorable capital mobilization channels for businesses, especially private enterprises.
Regarding public investment disbursement, the General Secretary suggested that the Finance sector speed up implementation, focusing on strategic infrastructure projects such as transportation, renewable energy and digital transformation. At the same time, it is necessary to improve the investment environment and simplify administrative procedures to attract high-quality FDI capital.
In the field of public asset management, the General Secretary requested to increase transparency and efficiency in the exploitation and use of state capital in enterprises. Along with that, continue to focus on and maintain solutions to ensure social security and improve people's lives. The General Secretary affirmed that along with economic development, people's lives must be better and more comprehensive in all aspects.
At the end of his speech, the General Secretary congratulated the Finance sector on the occasion of its 80th anniversary, and expressed his confidence that the sector will continue to promote its glorious tradition, comprehensively innovate, and make worthy contributions to the country's development in the new period.
