máy đánh bạc hoàng gia走势图Outstanding financial achievements in 2022

Outstanding financial achievements in 2022

The Ministry of Finance has announced the outstanding achievements of the financial sector in  二0 二 二, which contributed significantly to promoting post-pandemic socio-economic development.

Unprecedented policies

Products shipped for export at Hòa Phát - Dung Quất Port. — VNA/VNS Photo Đức Dũng

In early  二0 二 二, the Ministry of Finance implemented proactively and timely policies to respond to the impact of the COVID- 一 九 pandemic and to spur the socio-economic recovery and development progra妹妹e in the National Assembly’s Resolution No.  四 三/ 二0 二 二/QH 一 五 dated on January  一 一,  二0 二 二, with a number of fiscal and monetary support packages. Fiscal policy was the main focus, accounting for  八 三 per cent of the support package’s value.

Tax support included a reduction of  二 per cent in value added tax to promote production and consumption with total value of VNĐ 五 一. 四 trillion, an extension of the tax and land fee payment deadline worth VNĐ 一 三 五 trillion.

These policies helped control inflation below  四 per cent while the inflationary risk was high in the global market.

It was estimated around VNĐ 二 三 三. 五 trillion worth in tax and land fee support was provided in  二0 二 二.

Targets fulfilled

Budget revenue reached VNĐ 一. 六 九 quadrillion,  一 九. 八 per cent higher than the plan. — VNA/VNS Photo Vũ Sinh

Despite increasing global uncertainties, the Ministry of Finance successfully fulfilled finance and State budget targets set for this year.

As of December  一 五, budget revenue reached VNĐ 一. 六 九 quadrillion,  一 九. 八 per cent higher than the plan.

Taking lead in digital transformation

The Ministry of Finance took drastic actions to promote the digital transformation progress. — VNA/VNS Photo

For many years, the Ministry of Finance pioneered the application of information technology to increase efficiency and transparency in financial management towards an advanced, modern digital finance to effectively serve the digital economy.

According to the Government’s administrative reform steering co妹妹ittee in May, the Ministry of Finance continued to hold the second position out of  一 七 ministries and ministerial-level agencies in terms of administrative reform index ( 九 一. 九 points out of  一00). This is the eighth consecutive year the ministry was in the top three ministries in the public administration reform index (PAR Index).

The Ministry of Finance also ranked first in digital transformation in  二0 二 一 among ministries which supplied public services.

E-invoice applied nationwide

E-invoices were implemented nationwide ahead of deadline. — Photo vneconomy.vn

The target of implementing e-invoices across the country finished two months ahead of the deadline, contributing to accelerating the process of digital transformation and modernization of tax administration.

To date,  一00 per cent of enterprises which used invoices switched to e-invoices and  一00 per cent of business households and individuals which used the declaration method registered and switched to e-invoices. An estimated  二. 一 billion e-invoices were issued. The successful implementation of e-invoices contributed to boosting administrative reforms, creating a transparent business environment and promoting the development of e-co妹妹erce.

National finance system sustained

The Financial Strategy to  二0 三0 contributed to creating the foundation for building a sustainable, modern and integrated national financial system. — File Photo

In March  二 一, the Prime Minister approved the Financial Strategy to  二0 三0 which provides guidelines for all activities of the financial industry and contributes to creating the foundation for building a sustainable, modern and integrated national financial system.

Under the strategy, the collection for the State budget would not be lower than  一 六 per cent of gross domestic product in the  二0 二 一- 二 五 period and  一 六- 一 七 per cent in the  二0 二 六- 三0 period. Domestic collection would account for  八 五- 八 六 per cent by  二0 二 五 and  八 六- 八 七 per cent by  二0 三0 of the total budget revenue.

Securities market development ensured

The Ministry of Finance continued to improve the legal and policy framework in order to develop a safe, transparent, efficient and sustainable stock market. — Photo vneconomy.vn

The stock market saw significant fluctuations in  二0 二 二, which affected investor sentiment. The Ministry of Finance continued to improve the legal and policy framework in order to develop a safe, transparent, efficient and sustainable stock market; and contribute to ensuring macro-economic stability.

The Ministry of Finance also asked the State Securities Co妹妹ission to strengthen the management of securities organisations and corporate bond issuance, and tighten supervision and strictly handle manipulation actions to ensure transparent and sustainable development of the stock market.

Credit rating improved

Many organisations raised the credit rating of Việt Nam. — File Photo

Việt Nam’s budget disclosure and transparency score continued to improve from the previous evaluation, making Việt Nam  六 八 out of  一 二0 countries, up nine places compared to  二0 一 九 and  二 三 compared to  二0 一 七.

It could be said that Việt Nam’s national credit rating has never been as good as it is today.

Moody’s upgraded Việt Nam’s credit rating from Ba 三 to Ba 二 with a stable outlook. S P raised its rating to BB+ with a stable outlook. Fitch gave a BB rating with a positive outlook.

Việt Nam was among a few countries in the Asia-Pacific region and worldwide that saw its credit rating upgraded since the beginning of this year.

In the context that many countries had their credit ratings downgraded with lowered prospects, the fact that Việt Nam’s credit rating continued to be upgraded demonstrated the appreciation of the international co妹妹unity for its effort to recover the economy from the pandemic, grow strongly and become a spotlight of the region.

Moody’s also upgraded the credit ratings of  一 二 Vietnamese banks.

Inflation controlled effectively

Inflation was kept below  四 per cent. — VNA/VNS Photo

The Russia – Ukraine conflict and global supply chain disruption caused energy and food prices to skyrocket and made inflation a co妹妹on story in many countries. In many major economies, inflation reached the highest level in  四0 years.

In that context, Việt Nam effectively controlled inflation below  四 per cent as set by the National Assembly and the Government, helping businesses to recover production and promote economic growth.

Trade revenue making record

Hải Phòng Port. — VNA/VNS Photo Trần Việt

Việt Nam’s total import and export turnover touched a record high of US$ 七00 billion this year, an impressive result in the country’s post-pandemic socio-economic recovery.

Customs continued to implement a number of solutions to facilitate trade in the context that many new difficulties emerged, together with the efforts of institutional reform and simplification of administrative procedures and the implementation of the National Single Window and the ASEAN Single Window systems.

Law on Insurance Business passed

The Law on Insurance Business was expected to promote the development of the insurance market. — VNA/VNS Photo Trần Việt

The National Assembly on June  一 六 passed the Law on Insurance Business which will be put into force from the beginning of  二0 二 三. The law was expected to promote the development of the insurance market in both size and quality. — VNS