State budget restructuring heats up Party Congress hinh anh 1Deputy Finance Minister Do Hoang Anh Tuan presents a report at the 12th National Party Congress (Source: VNA)
Hanoi (VNA) –Delegates to the ongoing 12th National Party Congress continued debating documents in the afternoon of January 22, under the chair of Politburo member and President Truong Tan Sang.

The Congress heard 11 reports, focusing on how to apply socialist theory to national construction and defence, growth model reform, economic restructuring and business environment improvement.

They also discussed the application of the ‘three strategic breakthroughs’ to building a health sector geared towards equality and efficiency, along with judicial reform, high-quality personnel training, cultural development, the perfection of the political system and external relations.

Deputy Finance Minister Do Hoang Anh Tuan said the Congress’s Resolution should place more importance on State budget development and restructuring during 2016-2020.

He outlined a structure for the State budget, of which 80 percent should come from domestic income. Income from crude oil, import tax and land-use rights are expected to drop more than 5 percent this year.

The structure, once realised, will help Vietnam ensure the stability and development of the State budget amidst crude oil price fluctuation, and meet international integration requirements, the official said.

Tuan underlined the need to develop the financial market and increase the working capital cycle, to enable businesses to mobilise capital from the economy via the stock market, and ease their dependence on the credit market.

He also suggested building laws that promote private enterprises, and tax policies designed exclusively for small and medium-sized enterprises.

Do Thi Hoang, Vice Secretary of the Quang Ninh Party Committee, presented a report on the completion of the political system reforms from grassroots to provincial levels.

In the report, she proposed a number of solutions to the effective implementation of the 12 th National Party Congress’s Resolution.

It is a must to quickly decentralise the management of the apparatus organisation, combined with establishing an inspection mechanism, and clarifying the power and responsibilities of heads of Party Committees and authorities at all levels, she said.

Tran Van Son, Secretary of Dien Bien province Party Committee, proposed the Party and State pay more attention to policies and mechanisms which will help border localities expand external activities and promote border trade.

Protecting territorial sovereignty should go in tandem with the effective exploitation of external economic relations and advantages brought by border gates, and building a border of stability, peace and development, he said.

Mai The Duong, deputy head of the Party Central Committee’s Commission for Inspection, emphasised the role played by the public, the Fatherland Front, political-social organisations and the mass media in inspection, supervision and criticism.

The Congress is scheduled to hear the 11 th Party Central Committee’s report on personnel work for the next tenure on January 23.-VNA