State budget asset management has achieved many outstanding and comprehensive results.

Công tác quản lý tài sản ngân sách nhà nước đạt nhiều kết quả nổi bật, toàn diện- Ảnh 1. — Minister of Finance Nguyen Van Thang presents a speech at the Congress - Photo: VGP/Nhat Bac

Completed 12/12 state budget financial targets

On the afternoon of October 13, in his speech at the official session of the Government Party Congress for the 2025-2030 term, Minister of Finance Nguyen Van Thang said that the 5-year state budget and finance tasks were carried out in a context of many unpredictable fluctuations, difficulties and great challenges. In that context, with the direct leadership of the Party Central Committee, the Politburo , the General Secretary and the close and drastic direction of the Government and the Prime Minister, the state budget and finance management work continued to achieve many outstanding and comprehensive results, completing all 12/12 main state budget and finance targets for the 2021-2025 period.

Financial resources and state budget are managed, mobilized and used more and more effectively, contributing to the realization of growth and development goals. Specifically, timely advice on the implementation of plans, policy mechanisms and solutions for socio-economic development, promoting growth associated with maintaining macroeconomic stability, the average state budget deficit in 5 years is about 3.1-3.2% of GDP, public debt in 2025 is estimated at about 35-36% of GDP, well controlled, contributing to strengthening the national credit rating.

In addition, the law on state budget finance is focused on completion. In the period of 2021-2025, the Ministry of Finance has advised the Government and the National Assembly to promulgate 32 laws and resolutions of the National Assembly and the National Assembly Standing Committee; 168 decrees and issued 436 circulars under its authority to promptly remove bottlenecks, promote decentralization, and financial products to meet new development requirements.

The legal corridor for new models and new economies such as the International Financial Center in Vietnam, free trade zones... are gradually being built and completed to attract resources for economic development and international integration.

At the same time, strengthening the management of state budget revenue and expenditure in a sustainable direction, the state budget mobilization rate for 5 years reached about 18.3% of GDP, the highest level ever, while implementing tax and fee reduction and extension of about 1.1 million billion VND to accompany and support people and businesses during the global pandemic and economic recovery.

The investment expenditure ratio has increased from 28% to 32% of total state budget expenditure and increased revenue, saving about 1.5 million billion VND to increase investment in developing infrastructure systems and highways, national defense, security, building schools, hospitals, and eliminating temporary and dilapidated houses.

To save costs for administrative activities along with restructuring the apparatus, about 17% of the total annual state budget expenditure has been allocated for social security. State budget resources together with social resources, the policy credit system has played an important role in poverty reduction, supporting policy beneficiaries, people and workers.

In addition, focus on creating a favorable environment to encourage business investment. To date, the country has over 1 million enterprises operating in the economy, an increase of over 46% compared to 2020. Total social investment capital has reached about 32.2% of GDP, of which investment from the private sector and state-owned enterprises accounts for over 65%. Our country is in the group of 15 developed countries, attracting the largest FDI in the world. FDI capital contributes about 16% of total social investment capital.

Capital markets continue to develop in a safe, sustainable and integrated direction, becoming a capital mobilization channel for the economy. As of September 30, 2025, the size of the bond market has reached 3.76 quadrillion VND, equivalent to 32.8% of GDP. The capitalization of the stock market has reached over 9 quadrillion VND, equivalent to 78.4% of GDP. In 2025, all criteria have been met and the international market has been upgraded from a frontier market to an emerging market, creating great opportunities to mobilize common and long-term resources and funds from international investors for economic development.

3 tasks and breakthrough solutions of the financial industry

In the coming time, in the context of the world continuing to have many major adjustments of the era, many new issues arising for the development of countries, regions and Vietnam, Minister of Finance Nguyen Van Thang emphasized, we must both realize the two goals of the 100th anniversary of the founding of the Party and the 100th anniversary of the founding of the country; strive for economic growth of 10% or more in the 2026-2030 period, and at the same time enhance strategic autonomy, self-reliance and self-reliance in developing the country with the motto of stability, discipline, acceleration, breakthrough and sustainability.

In order to achieve the above challenging goal, the Government Party Committee has proactively directed the development of a system of solutions for the financial sector, of which 3 key and breakthrough tasks and solutions are noteworthy:

Firstly, continue to improve legal institutions, minimize administrative procedures associated with promoting digital transformation, create a favorable and open investment and business environment, turn institutions into competitive advantages, unleash social resources, encourage innovation, strive by 2028, Vietnam's business innovation environment will be among the top 3 ASEAN countries and the top 30 countries in the world.

Submit to the Politburo to issue and effectively implement resolutions on the state-owned economy, the foreign-invested economy, and continue to effectively implement Resolution No. 68 of the Politburo on the private economy. Strive to have 2 million enterprises operating in the economy by 2030, 50 state-owned enterprises in the group of 500 enterprises with the largest revenue in ASEAN, and 1 to 3 enterprises in the group of 500 in the world. The level of technological capacity for innovation and digital transformation is among the top 3 countries in ASEAN and the top 5 in Asia.

Complete the legal corridor on finance and state budget to contribute to exploiting new global trends in digital assets, digital transformation, green transformation, developing capital markets and securities to become important common and long-term capital mobilization channels in the economy.

Second, effectively implement the national master plan, plans associated with the development of dynamic regions, economic corridors, exploiting new development spaces, after arranging administrative boundaries, promoting regional connectivity and high-quality urbanization, creating new competitive advantages for the country.

Third, implement a proactive, reasonably expanded fiscal policy with key focuses, closely coordinated with monetary policy to ensure microeconomic stability, control inflation, and achieve the target of high and sustainable growth. Promote resources from the state budget together with social resources to effectively implement the three strategic breakthroughs and breakthrough resolutions of the Politburo.

In particular, ensuring the allocation of 3% of the total annual state budget expenditure for science and technology, innovation, and digital transformation, contributing to the goal of achieving the digital economy accounting for at least 30% of GDP by 2030, our country being in the top 3 countries in Southeast Asia, and the top 50 countries in the world in terms of digital competitiveness and e-Government development index.

Thuy Linh

Source: https://baochinhphu.vn/cong-tac-quan-ly-tai-san-ngan-sach-nha-nuoc-dat-nhieu-ket-qua-noi-bat-toan-dien-102251013155700159.htm