Finance Minister Dinh Tien Dung shared his experience in financial management and State budget control with Lao Deputy Prime Minister Bunpon Buttanavon.
During a working session with the Lao Deputy PM in Hanoi on October 6, Minister Dung said Vietnam and Laos shared a number of features in the field of finance, pledging to create more favourable conditions for both sides to exchange their ideas, especially in preventing budget collection failure.
According to Minister Dung, comprehensive and drastic measures should be applied in order to ensure efficient State budget collection.
Last year, Vietnam ’s State budget collection exceeded its target by 0.7 percent despite a number of difficulties due to the Ministry of Finance’s efforts to increase budget sources, he noted.
The ministry also worked closely with other ministries and localities to engage them more effectively in efforts to prevent financial losses in collecting budget contributions and reclaiming debt, he said.
He also attributed the success to restructuring and modernisation efforts of the tax and customs sectors, improving business and trade, and ensuring the prompt and complete payment of taxes.
Bunpon Buttanavon, who is also a member of the Lao Politburo, said Laos was facing a number of difficulties in terms of financial and budget management, despite maximum efforts being undertaken.
He called upon Vietnam to share its experience in dealing with debt, preventing corruption and transforming assets into capital.
During the session, the two sides exchanged ideas on a number of financial and budget-related issues, including financial management of the tax and customs sectors, the State treasury, and the monitoring of State bonds.-VNA
During a working session with the Lao Deputy PM in Hanoi on October 6, Minister Dung said Vietnam and Laos shared a number of features in the field of finance, pledging to create more favourable conditions for both sides to exchange their ideas, especially in preventing budget collection failure.
According to Minister Dung, comprehensive and drastic measures should be applied in order to ensure efficient State budget collection.
Last year, Vietnam ’s State budget collection exceeded its target by 0.7 percent despite a number of difficulties due to the Ministry of Finance’s efforts to increase budget sources, he noted.
The ministry also worked closely with other ministries and localities to engage them more effectively in efforts to prevent financial losses in collecting budget contributions and reclaiming debt, he said.
He also attributed the success to restructuring and modernisation efforts of the tax and customs sectors, improving business and trade, and ensuring the prompt and complete payment of taxes.
Bunpon Buttanavon, who is also a member of the Lao Politburo, said Laos was facing a number of difficulties in terms of financial and budget management, despite maximum efforts being undertaken.
He called upon Vietnam to share its experience in dealing with debt, preventing corruption and transforming assets into capital.
During the session, the two sides exchanged ideas on a number of financial and budget-related issues, including financial management of the tax and customs sectors, the State treasury, and the monitoring of State bonds.-VNA
