Nghe An: Synchronously developing infrastructure for banking and financial services

(Baonghean.vn) - On the afternoon of October 14, comrade Le Xuan Dai - Member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee chaired a working session with departments and branches to listen to and give opinions on some important contents on budgetary finance.

Attending the meeting were representatives of relevant departments, branches and units.

Opening the meeting, Mr. Nguyen Xuan Hai - Director of Nghe An Department of Finance presented the Project on developing infrastructure for banking and financial services in the province for the period 2016 - 2020. Accordingly, the project has assessed the general status of infrastructure for tax, banking and insurance services in the province. Specifically, Nghe An Tax Department currently has 21 tax branches in districts, cities and towns. Budget revenue in 2015 increased by 26.4% compared to 2011.

Regarding customs service infrastructure, Nghe An Customs Department currently has 5 affiliated branches. Revenue from import-export activities in the period of 2011 - 2015 was 4,406 billion VND, accounting for over 10.03% of the total state budget revenue in the area.

Mr. Nguyen Xuan Hai - Director of Nghe An Department of Finance presented the Project on developing infrastructure of banking and financial services in the province for the period 2016 - 2020 and draft reports on revenue sources, expenditures, and allocation norms for regular expenditure estimates of the local budget in 2017 and stability until 2020.

The banking network has been expanded to almost all districts and towns in the province, including: State Bank of Vietnam, Nghe An branch and 96 credit institutions, level 1 credit branches. The scale of mobilized capital of the Bank has increased gradually over the years, with an average growth rate of mobilized capital of 23.85%. Lending services are gradually shifting their structure to long-term terms, and lending quality is getting better and better. Payment services and other services are increasingly diversified.

In addition, the project also assesses the current status of insurance service infrastructure, securities services, auditing, accounting and tax consulting, and valuation in the province.

The goal in the coming time is to develop a synchronous and modern banking and financial service infrastructure to improve service quality; contribute to building Nghe An province into a socio-economic center of the North Central region. Strengthen state management in the financial and banking sector in the area, promote the stable and sustainable development of the banking and financial market.

The goal is to develop Nghe An's banking and financial services infrastructure in a synchronous and modern manner to improve service quality.

At the meeting, delegates focused on contributing ideas on the following contents: It is necessary to properly assess the province's financial and banking service infrastructure, clearly define the project's objectives, and re-select the project name to suit actual conditions...

Speaking at the meeting, Mr. Le Xuan Dai - Permanent Vice Chairman of the Provincial People's Committee said: The content of the project is of a macro nature, so the implementation process has encountered many difficulties. He requested the Provincial People's Committee Office to issue a document requesting the opinion of the Provincial Party Committee Standing Committee to allow departments and branches to study and change the project name to suit the actual conditions, and at the same time postpone the project completion time to 2017.

Comrade Le Xuan Dai - Permanent Vice Chairman of the Provincial People's Committee spoke at the meeting.

Within the framework of the working session, representatives of departments and branches also listened to and gave opinions on the content of the draft Proposal to Promulgate the norms for allocating regular expenditure estimates for local budgets in 2017 and stabilizing until 2020.

Accordingly, the submission stated the necessity and legal basis for promulgating regulations and assessing the allocation norms for regular expenditure estimates of local budgets in 2011 and stabilizing them until 2016. At the same time, it oriented to amend the allocation norms for regular expenditure estimates in 2017 in various fields and approve the allocation norms for regular expenditure estimates of local budgets in 2017, stabilizing them until 2020...

In addition, delegates also listened to and commented on the Provincial People's Committee's Report on decentralization of revenue sources, expenditure tasks; and the percentage of revenue sharing among local budget levels during the budget stabilization period 207-2020.

Overview of the working session

Concluding this content, comrade Le Xuan Dai - Permanent Vice Chairman of the Provincial People's Committee emphasized: Basically agree on the content of the draft submission to promulgate the allocation norms for regular expenditure estimates of the local budget in 2017 and stabilize until 2020. At the same time, request the Department of Finance to consider additional contract content to attract competent authorities to assign the norm equal to 70% of the payroll and regular expenditure levels for the vocational training sector.

Vice Chairman of the Provincial People's Committee Le Xuan Dai also agreed on the contents of the draft Submission to the Provincial People's Committee on decentralization of revenue sources, expenditure tasks; and the percentage of revenue sharing among local budget levels during the budget stabilization period of 2017 - 2020.

Dinh Nguyet