Nhan Dan – The Prime Minister issued Decision No. 450/QĐ-TTg on April 18 approving the national financial strategy to 2020.
The strategy aims to build a healthy national finance sector, ensure financial security, and stabilise the macro-economy, finance institutions and the national currency, and synchronously develop markets and restructure financial markets and services.
Measures to implement the strategy effectively have also been worked out, including improving the efficiency of mobilising, allocating and utilising national financial resources while restructuring the financial system, creating new financial mechanisms for the public service system, and promoting the diversification of all available social resources to develop public services.
According to the strategy, international financial co-operation and integration will be boosted and the capacity and efficiency of financial inspection and supervision will be raised. Administrative reforms in the financial sector will also be enhanced and financial policies will be tightened.
The strategy will be implemented in two stages and divided into nine separate plans for different sectors including taxation, customs, the State Treasury, national public and foreign debt, the Vietnamese insurance market and capital markets, the stock market, and national currency reserves, accounting and auditing.