​The Ministry of Finance works diligently to enhance the climate for company investment

​The Ministry of Finance works diligently to enhance the climate for company investment 14/05/2024 04:17:00 182

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In the area of administrative procedures, as of April 26, 2024, the Ministry of Finance has published 06 Decisions declaring the repeal of 40 administrative procedures, the amendment and replacement of 24 administrative procedures, and the promulgation of 10 new administrative procedures.

Photo:Quang Minh

The Ministry of Finance has been committed to including administrative reform into the roadmap since the beginning of the government's strategy and policy-making process. The General Department of Customs and the General Department of Taxation are the two departments thought to be the primary focus of reform implementation when it comes to Resolution 19's objectives of strengthening the business environment and the economy's competitiveness.

When it comes to the use of information technology in general—particularly e-government, digital transformation, and online public service applications—tax and customs authorities have outdone other ministries. This aids in cost-cutting and transparency in the administrative procedure handling process, which benefits the Ministry of Finance's reputation for administrative reform. Simultaneously, it enhances public contentment with Ministry of Finance agencies.

To ensure accurate and timely collection, broaden the base of collections, and prevent tax loss, particularly for catering, restaurant, and e-commerce services, the Ministry of Finance will keep bolstering financial discipline, promoting digital transformation applications, and enhancing the effectiveness of state budget revenue and expenditure management by May 2024.

Under the Prime Minister's directive, the General Department of Customs actively works with units to review and finish legal laws, including related content, in order to promote digital transformation in the customs industry. to ensure equipment to support the modernization of the customs industry; to award specialized inspection permits for import and export commodities; to upgrade information technology systems, etc.

The General Department of Taxation was tasked with conducting research and developing regulations regarding the use of electronic invoices by business homes and the use of electronic devices and Internet-connected cash registers of these households. revenue authority. Keep investigating and utilizing big data analytic technologies; integrate artificial intelligence into risk management, tax administration, invoice processing, and e-invoice fraud prevention.

To achieve professional standards for particular customs clearance, the General Department of Customs must simultaneously concentrate on human resources while developing an IT system and implementing digital customs. The National Customs Database Project must also be developed further and submitted to the appropriate authorities for approval. Additionally, official connections and data sharing between IT systems must be implemented.

The VNACCS/VCIS system and the centralized IT systems of the Customs sector must be continuously monitored and stabilized in order to provide safety, and efficient communication channels for the imports and exports of products.

As for the State Treasury, in order to save time and money on trip expenses, the Ministry of Finance mandates prompt payment of finished volumes and encourages payment through the State Treasury's online public services. With the goal to expedite the distribution and allocation of public investment cash in 2024, investors should process papers at the payment control agency in a publicly accessible way.

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