Hanoi (VNA)- The national finance sector has recorded important developments and made decisivecontributions to the country’s achievements, according to member of the Party CentralCommittee and Minister of Finance Dinh Tien Dung.

Addressing a discussion within the framework of the 13th National PartyCongress on January 27, Dung said the financial sector has implemented the policyof e-government development towards a digital government and digital economy, andpromoted IT application and development.

Businesses now basically conduct all tax declarations, tax payments, tax refunds,and customs procedures via digital platforms.

The restructuring of the State budget and public debt in the 2016-2020 period helpedstrengthen national finances while mobilising more resources for COVID-19 preventionand control, supporting the national economy to avoid recession, helping Vietnambecome one of the few economies posting positive growth in 2020, and creating animportant foundation for the future.
Over the next five years, the sector will focus on completing and synchronouslyimplementing policies on pricing, State finance, corporate finance, accounting,auditing, administrative reform, applying achievements from the Fourth Industrial Revolution, and allocatingfinancial resources in accordance with market signals.

The sector will also give priority to attracting foreign investment, shiftingfrom extensive investment to intensive investment, and fully implementingprevious and new free trade agreements.
 
Dung said the finance sector will effectively implement the principle of spendingwithin financial capacity and borrowing within repayment ability, and work to completea database on revenues, expenditures, public debts, and public assets, while improvingthe efficiency of public financial management and administration at both the macroand micro scale, and promoting openness and transparency, as well asintensifying the fight against corruption and wastefulness.

The capacity and quality of financial inspection and supervision and auditingwill be also strengthened through applying IT.
Activities in financialinspections and auditing will be expanded, while internal and remote monitoringwill be boosted.

It will also closely coordinate with relevant sectors and localities to effectivelyhandle the results of inspections and auditing, to fully recover any money and assetsfor the State, the minister added./.