The finance sector expects a breakthrough in the new phase.

Entering the 2026-2030 term, the Party Committee has set high and comprehensive development goals, requiring stronger and more profound reforms.

Looking back at the past term, the Party Committee of the Ministry of Finance has provided comprehensive leadership and guidance, achieving many important results. Party committees at all levels have thoroughly understood and strictly implemented the resolutions and directives of the Central Committee, especially Resolution No. 4 of the 12th and 13th Party Congresses on Party building and rectification, linked with studying and following the ideology, ethics, and style of Ho Chi Minh. Alongside this, the dissemination and implementation of the Resolution of the 13th Party Congress have been carried out synchronously and systematically, concretized through practical action programs of the Ministry.

Regarding political tasks, the Ministry of Finance has actively improved its institutional framework, proactively and flexibly managing fiscal policy, and coordinating closely with monetary policy and other macroeconomic policies. As a result, the finance sector has contributed to maintaining macroeconomic stability, controlling inflation, ensuring major economic balances, mobilizing resources for development investment, improving the investment and business environment, and developing a stable financial market. In the final two years of its term, the Ministry has decisively implemented many groundbreaking initiatives such as restructuring its organizational apparatus, improving legislation, accelerating administrative reforms, and resolving difficulties for businesses and stalled projects.

Alongside this, Party building has seen many positive changes. The study and implementation of resolutions have been reformed; Party branch meetings have become more orderly; inspection and supervision work has been strengthened, contributing to improved discipline and order and preventing negative phenomena. The role of Party committees in organizational and personnel work has been clearly enhanced.

Party Secretary and Minister Nguyen Van Thang emphasized: “Under the close leadership of the Party Committee of the Ministry of Finance and the unity and efforts of all cadres and Party members, we have achieved many proud results. In particular, in the area of institutional development, the Ministry has spearheaded the drafting and submission for promulgation of 738 legal documents… This is evidence of the innovative, proactive, and decisive spirit in leadership and management.”

The Minister added that during the 2021-2025 period, the total scale of policies on tax, fee, and land rent exemptions, reductions, and extensions reached approximately 1.1 trillion VND, contributing to supporting businesses and people in their recovery after the pandemic. In the fight against the Covid-19 pandemic, the Ministry advised on many "unprecedented" solutions, contributing to the effective achievement of the goal of "safe, flexible adaptation and effective disease control." The Ministry also advised on the socio- economic recovery and development program; providing approximately 105 trillion VND in support to over 1.4 million employers and over 68.4 million workers facing difficulties. Since the merger of the organizational structure on March 1, 2025, the Ministry has quickly stabilized its organization, promoted unified leadership, and ensured smooth operations.

Regarding state budget revenue, revenue management has been strengthened, information technology applications have been promoted, and administrative procedures have been simplified. In the period 2021–2025, total state budget revenue is estimated at 9.4 trillion VND, exceeding the target (8.3 trillion VND) and 1.36 times higher than the 2016–2020 period. The ratio of revenue to the state budget is approximately 18.3% of GDP (target 16% of GDP); the proportion of domestic revenue is higher than in previous periods. Policies supporting businesses and people through tax, fee, and land rent exemptions, reductions, and deferrals amount to approximately 840 trillion VND.

Regarding state budget expenditures, the Ministry closely follows strategic directions and implements the allocation of public resources effectively, openly, and transparently. Total state budget expenditures for the period 2021–2025 are estimated at 10.4 trillion VND, ensuring resources for socio-economic development, national defense, security, and social welfare. Development investment expenditures are prioritized, averaging 28–29% of total expenditures; total development investment expenditures reached 3.4 trillion VND. Recurrent expenditures are strictly managed; priority is given to epidemic prevention and control; the basic salary increase, pension adjustments, and social policies are implemented at the highest rate ever.

Regarding budget balance and public debt, the average state budget deficit for the period 2021–2025 is approximately 3.4% of GDP, meeting the target set by the National Assembly . The public debt ratio has decreased sharply from 62.7% of GDP in 2021 to approximately 36–37% of GDP in 2025, remaining within safe limits.

Furthermore, medium-term public investment has been implemented vigorously, with a strong emphasis on decentralization and delegation of authority. To date, 100% of the medium-term public investment plan has been allocated; the number of projects has been significantly reduced compared to the previous period; and disbursement has shown positive progress. The Ministry has submitted to the Politburo a plan on the development of a synchronous infrastructure system for the period 2021–2030.

In treasury management, the Ministry ensured the full and timely fulfillment of the state budget's payment needs, while also contributing 21.2 trillion VND to the state budget from the use of temporarily idle funds. Capital mobilization through government bonds reached nearly 1.99 million trillion VND, with an average issuance term of 12.3 years and an average interest rate of 2.88% per year.

The insurance market continues to grow; total assets are estimated to reach over 1 trillion VND in 2025, with total investment returned to the economy at approximately 881 trillion VND.

Regarding foreign investment, during the period 2020–2025, Vietnam attracted 14,490 new projects with a total capital of US$190.6 billion; Vietnam's outbound investment reached US$2.2 billion.

Besides the achievements, Minister Nguyen Van Thang frankly pointed out the limitations: the ratio of budget mobilization to GDP has not met expectations; the equitization and divestment of state-owned enterprises are still slow; innovation and digital transformation are only in the early stages; the progress in advising on some projects has not met requirements; propaganda at some Party committees has not been timely; and violations still occur in Party building and anti-corruption work in some places.

Entering the 2026–2030 term, the Party Committee of the Ministry of Finance sets the following targets: average GDP growth of 10% per year; GDP per capita of USD 8,500; TFP contribution of approximately 55%; inflation of 4–4.5% per year; budget mobilization rate of 18% of GDP; budget deficit of approximately 5% of GDP; and average public debt exceeding 45% of GDP.

The Party Committee has set many ambitious targets for the financial market: by 2030, stock market capitalization will reach 120% of GDP; outstanding debt in the bond market will be at least 58% of GDP. Regarding enterprise development, by 2030, there will be 2 million operating enterprises, including at least 20 large enterprises participating in global value chains; the private sector will grow at an average rate of 10-12% per year; at least 50 state-owned enterprises will be in the Top 500 in Southeast Asia and at least one in the Top 500 in the world; FDI enterprises will have registered capital of 200-300 billion USD in the 2026-2030 period, with a localization rate of over 40%.

Social security, social insurance, and health insurance targets are set at a high level, aiming for comprehensive coverage. In Party building, the Party Committee strives for 100% of cadres and Party members to promptly study and understand the Resolution of the 14th Party Congress and the new term resolution of the Party Committee of the Ministry of Finance.

Source: https://baotintuc.vn/kinh-te/nganh-tai-chinh-ky-vong-but-pha-trong-giai-doan-moi-20251211083919029.htm