Finance Minister talks about key tasks in 2015

VGP – Minister of Finance Dinh Tien Dung said his Ministry will focus on reforming administrative procedures, especially in the fields of tax and customs, in an exclusive interview with our reporter.

February 20, 2015 5:51 AM GMT+7

Specifically, the time required for individuals and businesses to pay tax will be reduced to 121.5 hours compared to the average of 171 hours/year among ASEAN-6 countries comprising Indonesia, Thailand, Singapore, the Philippines, Malaysia and Brunei.

Meanwhile, the time required for social insurance payment will be cut down to 49.5 hours, he said.

The Ministry will strictly control of and restructure public debt to keep it below the safety cap of 65% GDP approved by the National Assembly, and actively issue medium-term Government bonds.

The Ministry will also focus on improving institutions for the operation of securities and financial markets, issuing mechanisms to raise the efficiency of State supervision and management over State-owned enterprises./.

By Quang Minh