On the morning of June 18, speaking before the National Assembly about the implementation of the socio-economic development plan and the state budget, Minister of Finance Nguyen Van Thang stated the Government's viewpoint on handling public assets after rearranging and reorganizing the local government apparatus.
Accordingly, the Ministry of Finance has reported to the Government and the National Assembly to amend the Law on Management and Use of Public Assets; at the same time, it has issued circulars and decrees on public asset management, including headquarters and norms and standards for the use of public cars.
“The Ministry of Finance is establishing delegations to conduct surveys and provide guidance to localities. We prioritize allocating remaining public assets (such as agency headquarters) to localeducation , training and health facilities,” the Minister said.
The Government also strongly directs in the direction of "hand-holding and guiding", ensuring that public assets are not wasted or used ineffectively.
According to the latest request of the Ministry of Finance, by June 30 at the latest, administrative agencies under district-level administrative units must complete the handover of headquarters, public assets and all related documents to competent authorities; not to interrupt management work, cause loss of assets, affect state management work, and provide public services.
Finance Minister Nguyen Van Thang explained at the National Assembly on the morning of June 18. Photo: National Assembly
The 8% growth target is completely feasible.
Regarding the economic growth target of 8% in 2025, the Minister said the Government has developed growth scenarios for each locality.
Economic growth in the first 5 months of 2025 is positive. Economic growth recorded a positive trend, with each month higher than the previous month, each quarter exceeding the previous quarter, closely following the proposed scenario. Many important economic indicators such as exports, FDI... all achieved double-digit growth.
However, to achieve the GDP growth target of 8% for the whole year of 2025, as a premise towards the double-digit GDP growth target in the following years, growth in the third and fourth quarters must be higher to make up for the first two quarters of the year.
According to Mr. Nguyen Van Thang, the economy is developing in the right direction, the growth rate in the last 6 months of the year is always higher than the first 6 months of the year, which is also the basis to believe that the growth target of 8% this year is completely feasible.
“However, this is still a huge challenge when the forecast for global and regional economic growth is low. Vietnam's setting of a high growth target means 'going against the current' compared to the general trend of the world,” the Minister of Finance noted.
Implementing the resolutions of the Central and the Government, the Ministry of Finance has advised the Government to issue Resolution 154 with specific solutions for ministries, branches and localities to continue their efforts.
“We closely follow global and regional developments, regularly update forecasts, and have specific scenarios to ensure achieving the ultimate goal of 8% growth,” said Minister Nguyen Van Thang.
Regarding budget revenue and expenditure management, the head of the finance sector said that since the beginning of the term, budget revenue has continuously exceeded the estimate. Notably, in 2023 and 2024, the excess revenue is quite high; the budget revenue structure is also more sustainable, the contribution from domestic revenue is affirmed; most localities have increased budget revenue every year.
Meanwhile, budget expenditures also ensure the principle of spending according to estimates. In 2024, budget expenditures saved 5%, contributing to creating resources to achieve the goal of eliminating temporary and dilapidated houses. The Ministry of Finance forecasts that budget revenue in 2025 will continue to increase by over 5%.
Regarding disbursement and public investment, the Government and the Prime Minister have given strong direction, demonstrated through the establishment of 26 working groups to inspect and urge implementation.
As a result, there have been positive changes: the situation of scattered and fragmented investment has been basically overcome. The number of public investment projects has decreased sharply, from 5,000 projects in the 2020-2025 period, to an expected 3,000 projects in the coming period.
Instead, public investment capital has been focused on key strategic projects. Thanks to this focus, many key national projects have achieved and exceeded schedule. Notably, no project has been behind schedule.
"This is a lesson for the next term to do better," the Minister of Finance emphasized.
Vietnamnet.vn
Source: https://vietnamnet.vn/bo-truong-tai-chinh-neu-huong-xu-ly-tai-san-cong-doi-du-sau-sap-xep-bo-may-2412640.html
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