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General Secretary: Creating institutional breakthroughs, financial strategies and innovating growth models

On the morning of August 8, in Hanoi, General Secretary To Lam attended and spoke at the ceremony to celebrate the 80th anniversary of the Finance sector's tradition (August 28, 1945 - August 28, 2025) and received the First Class Independence Medal.

VTC NewsVTC News08/08/2025

On August 28, 1945, President Ho Chi Minh signed a decree to establish the Provisional Revolutionary Government of the Democratic Republic of Vietnam, consisting of 13 ministries, including the Ministry of Finance . Since then, this day has become the traditional day of the Vietnamese Finance sector every year.

During the 80-year journey, the Finance sector has steadily overcome numerous difficulties, continuously grown, developed and affirmed its central position in general consulting, planning socio -economic development strategies, managing national financial resources, making an important contribution to the cause of building, protecting and developing the country's socio-economy...

General Secretary To Lam speaks at the ceremony.

General Secretary To Lam speaks at the ceremony.

On behalf of the Party and State leaders, respectfully presenting the First Class Independence Medal to the Ministry of Finance, General Secretary To Lam commended the outstanding achievements that the entire Finance sector has achieved in 80 years of construction and development; emphasizing that throughout history and especially in recent years, the Finance sector has always affirmed its role, position and taken the lead in implementing the new economic model together with the entire political system, creating an important foundation for the country's economy to accelerate and break through.

After pointing out the challenges of the world and domestic economy, the General Secretary suggested that in the coming time, the entire financial sector needs to immediately deploy solutions to create institutional breakthroughs, financial strategies and innovate the growth model.

" Focus on thoroughly resolving bottlenecks and bottlenecks in development institutions; adjusting economic space, expanding development space, enhancing decentralization, delegation of power, allocation and combination of economic resources. Establishing a new growth model with science and technology, innovation and digital transformation as the main driving force to create strong changes in productivity, quality, efficiency and competitiveness of the economy," the General Secretary pointed out.

General Secretary To Lam awarded the First Class Independence Medal to the Ministry of Finance.

General Secretary To Lam awarded the First Class Independence Medal to the Ministry of Finance.

The General Secretary proposed building and perfecting institutions and policies on state finance and budget; improving the effectiveness and efficiency of law enforcement with the view that institutions are "breakthroughs of breakthroughs", and institutions are resources and driving forces for development.

Pioneer in realizing important policies and resolutions of the Party, especially Resolution 68 on private economic development; Resolution 57 on breakthroughs in science, technology, innovation and national digital transformation, contributing to the achievement of the double-digit growth target in the coming period.

Review and continue to improve institutions and policies for state-owned enterprises, promote decentralization along with enhancing accountability, improving operational efficiency and governance capacity to maximize the role and resources that state-owned enterprises are holding to lead and motivate the economy as well as implement the State's policies and orientations.

The General Secretary requested the entire financial sector to strengthen financial and budgetary discipline; strictly manage state budget revenue, ensuring correct, sufficient and timely collection. Strictly and effectively manage state budget expenditure; thoroughly save regular expenditures; increase revenue and save expenditures to focus on development investment, on a number of large projects that are transformational and turn around the situation.

There are solutions and measures to mobilize resources more effectively for development in the financial market, capital market, stock market, economic resources among the people... to increase capital attraction both domestically and internationally, creating better capital mobilization channels for enterprises, especially private enterprises.

Prime Minister Pham Minh Chinh awarded the First Class Labor Medal to Minister of Finance Nguyen Van Thang.

Prime Minister Pham Minh Chinh awarded the First Class Labor Medal to Minister of Finance Nguyen Van Thang.

Along with that, it is necessary to promote the disbursement of public investment capital, focusing on strategic infrastructure projects such as transportation, renewable energy and digital transformation; at the same time, improve the investment environment, reduce administrative procedures to attract high-quality FDI capital. In particular, it is necessary to effectively manage and use public assets, increase transparency and efficiency in exploiting and using state capital in enterprises.

The General Secretary emphasized continuing to focus on and maintain solutions to ensure social security and improve people's lives, so that along with economic development, people's lives must be better and more comprehensive in all aspects.

On this occasion, Prime Minister Pham Minh Chinh awarded the First Class Labor Medal to Minister of Finance Nguyen Van Thang.

Van Hieu (VOV)

Source: https://vtcnews.vn/tong-bi-thu-tao-dot-pha-the-che-chien-luoc-tai-chinh-va-doi-moi-mo-hinh-tang-truong-ar958651.html


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