Ms. Ngo Thi Nhung, Deputy Director of the State Treasury, exchanges information - Photo: VGP/HT
Streamlining the apparatus – a strategic move to increase operational efficiency
Speaking to the press on the afternoon of June 17, Ms. Ngo Thi Nhung, Deputy Director of the State Treasury, said: With the goal of building a streamlined and efficient apparatus according to the Central Government's policy, the State Treasury (KBNN) has completed the organizational arrangement according to the two-tier model from March 15, 2025. Accordingly, the number of focal points in the system has decreased from 1,047 to 582 units, equivalent to more than 44%.
To implement the new model, the State Treasury issued synchronous regulations on functions, tasks, and organizational structure at the central and regional levels. At the same time, a series of conferences, guidance documents, data transfers, and investments in technical infrastructure were carried out to ensure stable and unified operation of the entire system.
Not only that, the State Treasury continues to propose to the Ministry of Finance a plan to rearrange 20 regional State Treasuries according to new administrative boundaries, in accordance with the direction of amending the State Budget Law and the policy of stopping specialized inspections.
Thus, despite major organizational changes, the State Treasury still ensures to maintain service quality, promote electronic transactions and improve the efficiency of local budget management.
By the end of May 2025, the total state budget revenue through the State Treasury reached more than 1.15 million billion VND, equal to 58.59% of the estimate, up 26.73% over the same period last year. Accounting, finalization and preparation of state financial reports were implemented synchronously and seriously, promptly supporting the management work of the Ministry of Finance and the Government .
In addition, ensuring absolute security of state money and assets is also emphasized. The State Treasury strengthens internal inspection, remote monitoring, coordination with the police and incident response drills. The result: the entire system operates stably and absolutely safely in the first half of the year.
Accelerate reform of fund management and budget expenditure , ensuring safety and transparency
The State Treasury leader informed: In the first 6 months of 2025, the State Treasury will focus on reforming the management of the state budget, modernizing the process towards proactiveness, transparency and efficiency. An important milestone is the submission to the Government for promulgation of Decree 14/2025/ND-CP amending Decree 24/2016/ND-CP, creating a new legal foundation for budget management.
The State Treasury has also completed the draft Circular guiding and developing a process for managing the risk of debt restructuring of government bonds, and implementing plans to use temporarily idle funds such as lending to the state budget, buying and selling government bonds, or depositing them at commercial banks.
In addition, the payment and disbursement of the state budget have been implemented promptly and closely. As of May 31, 2025, regular expenditures reached VND 484,489 billion, accounting for 38.2% of the estimate - higher than the same period in 2024. In particular, the State Treasury has promoted electronic payments, shortened the time for public investment disbursement and resolved problems in advances and settlement.
Total public investment capital disbursement as of June 10, 2025 reached VND 201,439.2 billion, equivalent to 28.2% of the assigned capital plan. Although slightly down compared to the same period last year, this result is still considered positive in the context of the State Treasury streamlining its apparatus and reorganizing its areas.
In capital mobilization, the State Treasury issued VND170,917 billion in government bonds, equal to 34.2% of the yearly plan, with an average issuance term of 9.95 years and an interest rate of only 2.9%/year. This is a sign that the ability to manage public debt and operate the national budget is increasingly professional and flexible.
According to the leader of the State Treasury: Along with streamlining the organization and reforming operations, digital transformation has become a key driving force in the process of modernizing the State Treasury's operations. In the first 6 months of the year, the State Treasury implemented many key projects, including the project to upgrade the TABMIS system, build an electronic payment document storage system and complete VDBAS - a digital budget accounting system.
In particular, the Online Public Service System (ODS) is maintained to operate smoothly, serving 100% of budget-using units nationwide. This is the foundation for the State Treasury to continue to reduce administrative procedures, increase transparency and quickly respond to budget spending requirements.
The State Treasury also promotes data linkage with other systems such as the National Bidding Network, budget collection through commercial banks, and piloting an application to support automatic personal income tax refunds. At the same time, security monitoring tools, data backup, and incident handling drills are all strictly maintained.
In administrative work, the State Treasury maintains the ISO 9001:2015 management system, implements customer satisfaction assessment, receives feedback, and reviews administrative procedures in the direction of comprehensive digitalization and electronicization.
In the last 6 months of 2025, the State Treasury determined to continue implementing key tasks: perfecting institutions, improving treasury management capacity, promoting administrative reform, enhancing staff training and continuing to streamline the organization according to new administrative areas.
Mr. Minh
Source: https://baochinhphu.vn/kho-bac-nha-nuoc-2025-tinh-gon-bo-may-hien-dai-hoa-quan-ly-ngan-sach-102250617164411891.htm
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