General Director of the State Treasury of Vietnam Ta Anh Tuan speaks at the conference in Hanoi on August 5 (Photo: VNA)
Hanoi (VNA) – The State Treasury of Vietnam (STV)is drafting a development strategy for the next decade in which it looks tobecome a digital treasury in 2030.
The STV and the International Monetary Fund(IMF) held a conference in Hanoi on August 5 to discuss the former’sdevelopment directions for 2021-2030.
STV General Director Ta Anh Tuan said Vietnam’spublic finance is being reformed towards transparency, efficiency andsustainability, helping to promote economic development and the country’sstature in the international arena.
With the functions of managing the State budgetand financial funds and mobilising capital from the State budget fordevelopment investment, the STV system has played an important role in publicfinancial management.
Tuan noted the treasury has worked hard toreform its apparatus and modernise its operations, including by increasing ITapplication. As a result, it has greatly contributed to the improvement of efficiency,effectiveness and transparency in public finance.
The STV’s development strategy forms a crucialpart of the financial sector’s, he said, adding that in its draft strategy for2021-2030, the STV sets the overall target of building a lean, efficient andeffective system towards a digital treasury.
According to senior economist Sandeep Saxena atthe IMF’s Fiscal Affairs Department, the STV has obtained encouragingachievements in developing the core capacities and creating a solid foundationfor the next reforms.
Mark Silins, a consultant at the IMF, alsoshared the view on the improvements in the management of the State budget fundbetween 2011 and 2020.
The information system for budget and treasurymanagement has been put into use with strong structure and good capacity. About30,000 units using the State budget have been connected with this system viathe public services portal. Many of their networks have also been linked withbanks. Thanks to that, up to 94 percent of the budget spending transactionshave been directly transferred to bank accounts, while 98 percent of the budgetcollection transactions have been conducted online. -VNA
About 745.4 trillion VND (32 billion USD) was collected for the State budget in the first half of 2019, equivalent to 52.8 percent of the year’s target and up 13.2 percent year on year, according to the Ministry of Finance (MoF).
The State Treasury of Vietnam on July 24 mobilised more than 7.02 trillion VND (302.04 million USD) via auctions of Government bonds at the Hanoi Stock Exchange (HNX).
The State Treasury disbursed a total of 107.7 billion VND (4.6 million USD) as investments in the first half of 2019, equivalent to only 29.7 percent of the set target.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
General Director of the State Treasury of Vietnam Ta Anh Tuan speaks at the conference in Hanoi on August 5 (Photo: VNA) 
