Treasury reports strong fiscal yearThe Vietnam State Treasury (VNST) has fulfilled its assigned tasks of capital disbursement, monetary injection and strictly managing State Budget expenditures, says its Deputy Director General Nguyen Quang Vinh. A tax payer makes a deposit at the State Treasury office in Dong Da District, Ha Noi. On State Budget collection, Nguyen Manh Cuong, head of the VNST’s Administration Division, said that the agency has actively cooperated with local budget collection agencies to make sure the MoF’s budget estimates were maintained. Throughout the year, the State Treasury continuously expanded its accounts receivable at five State-owned commercial banks – Vietcombank, Vietinbank, BIDV, Agribank and MBBank – promoting budget collection via the banks’ points of sale system, Vinh said. Vu Duc Hiep, Director of the Expenditure Control Department under the State Treasury, said that the Government was also directing investors to speed up the disbursement process for public investment and government bonds.

Source: VietNamNet News December 24, 2017 17:15 UTC