Prime Minister attends and directs the conference to summarize the Finance sector in 2022

Comrade Bui Thanh An - Member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee chaired the conference from Nghe An bridge. Photo: Nguyen Hai

In 2022, implementing financial and budgetary tasks in the context of many fluctuations and complex and unpredictable developments in the world and domestic situation, thanks to proactive and flexible management solutions, the Finance sector has excellently completed the assigned tasks.

Along with completing 76 assigned tasks, the Ministry of Finance has submitted to the Government 46 Decrees (17 Decrees have been issued and 29 draft Decrees are being considered), accounting for 44.7% of the total number of Decrees issued by the Government in 2022; submitted to the Prime Minister for issuance of 4 Decisions; advised and proposed to competent authoritiespolicies on tax, fee and charge exemption, reduction and deferralworth about 235.5 trillion VND; propose a number of unprecedented policies to manage the economy, contributing to increasing budget revenue, and at the same timesupport businesses and people to reduce difficulties caused by the epidemic, natural disasters cost about 193.4 trillion VND.

Import-export activities bring in large revenues for the state budget. In the photo: Ships loading cargo at Cua Lo port. Photo: Nguyen Hai

As of December 15, 2022, total budget revenue reached VND 1,691 trillion, exceeding the estimate by 19.8%, VND 78 trillion higher than the year-end performance assessment report to the National Assembly. Along with achieving the budget revenue target nearly 2 months ahead of schedule, the Finance sector also proposed solutions to strengthen management and strict control.public debt restructuringin a sustainable direction; strengthen price and market management in accordance with the actual situation, remove difficulties, promote production and business; consolidate the financial market, restructure enterprises; promote administrative procedure reform, apply information technology anddigital transformation; improve the efficiency of management and use of public assets, strengthen inspection, examination, and public disclosure of budgetary finances; combat smuggling, trade fraud, and counterfeit goods...

Delegates from Nghe An bridge point follow the Conference on implementing the state budget and financial tasks in 2023 from the Ministry of Finance bridge point (Hanoi). Photo: Nguyen Hai

At the conference, based on discussion and comments, representatives of a number of ministries, branches and localities presented the implementation results in their respective sectors and localities, and presented lessons learned; at the same time, pointed out the remaining shortcomings and limitations.

Entering 2023, the Finance sector forecasts that the international economic context will continue to face many difficulties and unpredictable factors will affect the implementation of state budget and financial tasks. In order to effectively implement the financial and budget targets and the National Financial Plan, contributing to ensuring major balances of the economy in 2023, based on discussions, the Ministry of Finance has proposed 11 solutions for implementation.

Due to the reduction of many orders from Europe from the end of 2022, the Vietnamese textile and garment industry, including Nghe An, will face difficulties, many workers will lose their jobs and export revenue will decrease. In the photo: Checking products at Minh Anh Do Luong Garment Company. Photo: Nguyen Hai

Speaking at the conference, Prime Minister Pham Minh Chinh praised the efforts, attempts and contributions of the Finance sector in 2022. Based on the report summarizing the state budget and financial tasks in 2022 and the implementation of tasks in 2023 of the Ministry of Finance and the opinions and proposals of ministries, branches and localities, the Prime Minister requested the Finance sector to objectively and substantially assess the achievements and limitations in order to have appropriate implementation solutions.

On the one hand, the Prime Minister acknowledged the efforts of the Finance sector in ensuring a large balance for the economy, controlling prices and inflation to limit the impact on people's lives, and reducing difficulties for businesses; on the other hand, the Prime Minister also emphasized that we should be proud but not subjective. Next, on the basis of noting and suggesting a number of major orientations for the Finance sector, together with relevant ministries and branches, to research and advise on appropriate and harmonious policies; promptly advise the Government to deploy and direct the good implementation of financial policy targets and fiscal plans; ensure financial security, monetary security, ensure macroeconomic balances, control inflation, and remove difficulties for businesses. The Prime Minister assigned the Ministry of Finance to continue to study and learn from countries that proactively integrate into the world in finance while managing the sector to achieve more results.

Prime Minister Pham Minh Chinh and Minister of Finance Ho Duc Phoc were authorized to award the Labor Medal to individuals with outstanding achievements in the Finance sector. Screenshot: Nguyen Hai

On this occasion, the Ministry of Finance announced and awarded the President's Third-class Labor Medal to a number of individuals with outstanding achievements in the industry./.