State Treasury urged to mobilise financial resources for nation’s development

Thursday, 2020-01-30 16:54:58
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Deputy PM Vuong Dinh Hue and officials and employees of the State Treasury. (Photo: VGP)
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NDO – The financial sector, especially the State Treasury, should continue to uphold their role while advising the Ministry of Finance and Government in the management of budget finance and fiscal policy as well as mobilise the utmost financial resources for the country’s development.

Deputy Prime Minister Vuong Dinh Hue made the statement while working with the State Treasury on January 30, on the first working day after the Tet (Lunar New Year) holidays.

The Deputy PM extended his Tet greetings and hailed the achievements that the State Treasury has gained over the past 30 years.

He also asked that sector to propose measures to manage and use all resources effectively to serve socio-economic goals, helping the country develop rapidly, stably and sustainably.

Deputy PM Hue urged the disbursement of public investment, which has been considered as a weak point over past years, as well as the effective use of the budget’s money allocation.

The financial sector in general and the State Treasury in particular should further boost the administrative reform and modernisation, while focusing on the development of human resources, he noted.

The Deputy PM emphasised that officials and employees of the State Treasury should always uphold their responsibilities, contributing to building a stable, autonomous and strong national finance to serve the cause of national construction and development.

Deputy PM Vuong Dinh Hue presents a gift to MBBank. (Photo: VGP)

Working with the Military Commercial Joint Stock Bank (MBBank) on the same day, Deputy PM Vuong Dinh Hue expressed his impression on the bank’s outstanding development, from the charter capital of VND20 billion and 25 employees in 1994 to VND410 trillion and 16,000 officials and employees.

He asked the MBBank to gain more comprehensive achievements in 2020 as well as implement plans with the motto of “strengthening foundation, digital transformation; inclusive, efficient and sustainable growth”.

The bank should maintain its position as the top five commercial banks in terms of operational quality and efficiency, the leading bank in digital applications, meeting the demand of the people, added the Deputy PM.