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Depuy PM praises contributions of financial sector
Permanent Deputy Prime Minister Nguyen Sinh Hung urged the financial sector to continue its long-established traditions and push to maintain an efficient financial system as the nation was entering a new stage of development.
"The financial sector will play an important role in transforming Viet Nam into a modern industrialised nation by 2020," he said.
The remarks were made at the ceremony to mark the 65th anniversary of the establishment of Viet Nam's financial sector, held in Ha Noi last Saturday. Former President Tran Duc Luong and former Vice Chairman of the National Assembly Truong Quang Duoc were also present at the ceremony.
Hung called on officials in the financial sector to continue to demonstrate their public spiritedness and selfless attitude, following the teachings of President Ho Chi Minh.
While praising the remarkable contributions of the sector to the country's development over the past 65 years, he asked the sector to enhance its capacity to be able to respond to new demands in the context of deeper economic integration, reflected through the increasing export-import turnover in the GDP ratio.
Finance Minister Vu Van Ninh said the sector had shown its great responsibilities to the country by efficiently utilising and managing the national budget. In order to achieve this, the sector had completed building a relatively comprehensive legal framework on management of State budget, taxation, financial markets, prices and more.
He said the State's financial strength had been consolidated over time. The annual State budget collection was generally higher than initial targets and on an upward trend. The State budget in 2010 increased its size about six-fold compared to 2000.
"Financial security has been maintained with overspending well managed and public debt remains within the realm of safety," he said.
Early this month, the Prime Minister approved to title the day of the establishment, August 29-to be the sector's traditional day.
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