The State Treasury streamlines the apparatus, ready for a new journey

The 35-year journey of construction and development

On April 1, 1990, the State Treasury was re -established on the basis of inheritance from the National Treasury House in the context of the country has just stepped through the difficulties of the subsidy period and embargo. In the early days, the State Treasury system only had modest facilities, manual professional processes and limited resources. However, with the responsibility entrusted with the determination spirit, generations of the State Treasury officials have overcome the challenge, laying the foundation for an increasingly modern and professional system.

Experiencing the development stages, from operational stability, strengthening functions to modernization, the State Treasury has established a powerful tool to help the Government implement fiscal policies, control funds and manage the financial market. Outstanding achievements such as TABMIS project, TCS tax collection system and especially online public service system with satisfaction up to 99.93% by 2024, have proven the strong development of the State Treasury.

With important contributions, the State Audit Office and individuals in the system have been awarded many noble awards by the Party and State such as the Ho Chi Minh Medal, the Independence Medal and the title of Labor Hero of the renovation period. This is a source of great pride and encouragement for generations of KBNN civil servants to continue to contribute.

Streamlining the apparatus

Entering 2025, the State Bank of Vietnam will carry out a revolution of streamlining the apparatus in the context of the country promoting administrative reform. The KBNN system has been converted from a three-level to a two-level model, including the Central KBNN and the regional KBNN in localities. This is not only an organizational change but also an important solution to increase operational efficiency and save resources.

The restructuring process has brought impressive results: 465 units have been cut, accounting for over half of the total number of units, helping to reduce the bulky apparatus. At the central level, from 14 units, the KBNN has been streamlined to 10 units. In the locality, 63 provincial-level KBNN are arranged into 20 areas, each area only retains a maximum of 10 advisory offices and 350 transaction offices.

Streamlining the apparatus is also associated with improving the capacity of the staff. The personnel system of the State Treasury is reviewed, restructured in a professional, effective way and meets the requirements of the new phase. This is a drastic step to maintain effective operation and create a premise for sustainable development in the future.

Towards the digital age and operational efficiency

Not stopping at streamlining the apparatus, KBNN continues to promote digital transformation and modernization. With a vision to 2030, the KBNN aims to build a modern, transparent and efficient "Digital Treasury". Automated business processes, application of advanced technology help reduce time, costs and increase customer satisfaction.

The Online Public Service System is a typical example of digital transformation efforts. In 2024, the satisfaction of people and businesses when using this service will reach 99.93%. In addition, the State Bank continues to play an important role in implementing fiscal policies, controlling national funds and effectively managing public financial resources.

Reforms in treasury management, state accounting and budget capital payment not only contribute to improving budget efficiency but also ensure transparency and financial discipline. At the same time, the KBNN also focuses on building a professional culture based on core values such as self-respect, discipline, honesty and responsibility.

Read the original here