That was the statement of Deputy Minister of Finance Bui Van Khang during a working session with the State Treasury (KBNN) on the afternoon of March 21 on the results of the first quarter of 2024 and the work plan for the following quarters of the KBNN system.
Operating results Q1/2024At the meeting, Deputy General Director of the State Treasury Tran Thi Hue reported an overview of the general situation of the State Treasury system regarding the functions, tasks, and organizational structure of the State Treasury system in the first quarter of 2024. Accordingly, the State Treasury has been implementing 33 projects and tasks under the State Treasury development strategy and 05 projects and policies under the work program of the Ministry of Finance. Along with that, the State Treasury proposed 16 projects, policies, and tasks under the work program of the State Treasury system that need to be implemented. Currently, all projects and tasks are being implemented according to the set schedule.
Deputy Minister Bui Van Khang praised the solidarity of officers and employees in the State Treasury system. Photo: Le Sy Thanh.
From the beginning of the year to March 18, 2024, the State Treasury has mobilized VND 66,679 billion, reaching 16.7% of the yearly plan (VND 400,000 billion); the average issuance term of Government bonds (G-bonds) is 11.36%/year; the average issuance interest rate of G-bonds is 2.19%/year; the average remaining term of the G-bond portfolio is 9.03%/year.
Recently, the State Treasury has continued to promote the implementation of information technology (IT) projects to modernize the State Treasury's professional activities according to the State Treasury Development Strategy to 2030 and the Plan for IT application in State Treasury activities for the period 2021-2025; strengthen the application of IT to improve operational efficiency and service quality for budget spending units; focusing on completing the Project to upgrade the TABMIS system and applications to form a digital budget and accounting system (VDBAS); Building a service to store electronic records and payment vouchers of the State Treasury and integrating with the Online Public Service System (DVCTT), the program to manage and control investment expenditures in the DTKB-GD sector; Deploying the Program for centralized management of executive documents; Deploying the project to invest in the State Treasury Intranet system; Renting the State Treasury Data Center... At the same time, continue to operate the public service system stably and smoothly to serve 100% of budget-using units that are required to participate in using it; upgrade public service to add a data exchange portal via the Internet with electricity, water, and telecommunications service providers. Thereby, contributing to improving labor productivity and minimizing risks for State Treasury civil servants.
However, there are still some problems related to the projects of the State Treasury in the process of reform and modernization. Reporting to the Deputy Minister, the leaders of the Department of Planning and Finance, the Department of Information Technology and Statistics and the State Budget Department have proposed solutions to remove the current problems of the State Treasury.
Deputy Minister Bui Van Khang suggested that the State Treasury should continue to reform and modernize state management functions... Photo: Le Sy Thanh
Orientation in the coming time After listening to all the opinions of the State Treasury's Board of Directors, Deputy Minister of Finance Bui Van Khang highly appreciated the achievements of the State Treasury system in the first 3 months of 2024. In particular, the Deputy Minister praised the tradition of solidarity, labor, and creativity of the State Treasury system from the central to local levels over the past many years. The Deputy Minister acknowledged that the State Treasury's state management work is gradually being improved, especially the quality of providing online public services of the State Treasury system, thereby contributing to improving the national competitiveness index of Vietnam. In the coming time, the Deputy Minister requested the State Treasury to implement "03 priorities", which are Reforming and modernizing the state management functions of the State Treasury system; Being flexible in issuing government bonds to create resources for socio-economic development and diversifying government bond products to meet market demand; Building a comprehensive digital transformation project. In addition, the State Treasury needs to continue to effectively implement the work of streamlining the apparatus, organization and human resource development; Upgrading equipment and working conditions of the State Treasury system; Transforming management methods...
General Director of the State Treasury Tran Quan: The State Treasury system will continue to promote the spirit of solidarity and determination to excellently complete assigned tasks. Photo: Le Sy Thanh.
Accepting the direction of the Deputy Minister, General Director of the State Treasury Tran Quan affirmed that the State Treasury will closely follow the direction of the Deputy Minister and promote the tradition of solidarity of the State Treasury system to organize the implementation of the completion of tasks in 2024 as well as the completion of the strategic tasks of the State Treasury system until 2030./.Thanh Hang - Ministry of Finance Portal
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