Professional Documents
Culture Documents
MINISTRY OF FINANCE
1. A glance of Vietnam
5. Conclusion
Part 1
A GLANCE OF VIETNAM
A glance of Vietnam
BACKGROUND OF
DECISION ON
FISCAL POLICY
Background of decision on fiscal policy
Revenue Expenditure
State budget
Background of decision on fiscal policy
- The principles for managing the state budget of Vietnam: unified, focused
democratic, effective, economical, public, transparent and fair;
decentralized management;
Principles for managing attaching
the state budget powers to the responsibilities of state
management agencies at all levels.
Province/City
Central budget budget
Tasks of socio-economic
Current regulations of
development and
laws on taxes, fees,
security and defense
maintenance
Making charges, ...
suitable
decisions
on fiscal
policies
Part 3
OVERVIEW OF THE
DECISION-MAKING
PROCESS OF FISCAL
POLICY IN VIETNAM
Overview of the decision-making process
of fiscal policy in Vietnam
National
Assembly
Government
Ministry of
Ministry of
Planning and
Finance
Investment
Top-down
Bottom-up
Overview of the decision-making process
of fiscal policy in Vietnam
Making state budget estimates: Top-down
National Assembly
discusses, approves the
state budget estimates and
allocates local budget and
The Government send the central budget for the next
state budget estimates to year.
each member of the
Ministry-level agencies, National Assembly at least
government’s agencies, other 20 days before the opening
central agencies and Local of the last National
People’s Committees send Assembly session of the
their budget estimates for the year.
next year to MOF and MPI.
These two Ministries will
The subordinate agencies discuss together and MOF
of Ministries and the will synthesizes budget
subordinate agencies of estimates and report to the
Local People’s Committee Government before 20th July
report their state budget every year.
estimates to Ministries and
Local People’s Committee.
Part 4
THE CONFLICT OF
INTERESTS
The conflict of interests
The conflict of interests between the budget departments and other line ministries:
The conflict of interests between the central government and local authorities:
The conflict between central government and local authorities from determining the
proportion of supplementary balances for localities from the central budget is
increasingly tense.
The conflict of interests
The conflict of interests between the Government and the National Assembly:
2. There are 2 types of state budget: local budget and central budget.