Mr. Nguyen Ba Toan Deputy Director General Ministry of Finance of Vietnam
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Transcript of Mr. Nguyen Ba Toan Deputy Director General Ministry of Finance of Vietnam
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Mr. Nguyen Ba ToanDeputy Director General
Ministry of Finance of Vietnam
THIRD INTERNATIONAL ROUNDTABLEManaging for Development Results
Hanoi, February 5-8.2007
Vietnam PFM Reform Strategy: Implementation and Support of
Donors
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1. Background Economic reform Economic growth rates
7.6% (1990-2000) 7.5% (2001-2005) 8.17% (2006)
Vietnam PFM Reform Strategy:Implementation and Support of
Donors
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Achievements in PFM reform Contribution to macroeconomic
sustainability Increase in national financial
capacity for economic development
Active changes in structure of financial resource distribution
Vietnam PFM Reform Strategy:Implementation and Support of
Donors
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Vietnam PFM Reform Strategy:Implementation and Support of
Donors
2. PFM reform directions to 2010
Overall objectives Adequate financial resources for
economic development Enforcement of financial policies Sound system Capacity improvement
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Vietnam PFM Reform Strategy:Implementation and Support of
Donors
Specific targets Saving-Investment, Saving-
Consumption State budget revenue/GDP Increased allocation to education,
training and research Controlled state budget deficit Controlled Gov. debt
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Vietnam PFM Reform Strategy:Implementation and Support of
Donors
Specific targets (continued) Development of financial
markets Restructure of SOE sector Management of currency notes
and exchange rate
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Vietnam PFM Reform Strategy:Implementation and Support of
Donors
3. Major achievements of PFM reform
state budget management Tax administration Customs administration Public debt management Financial management in SOE sector Etc.
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Vietnam PFM Reform Strategy:Implementation and Support of
Donors
4. Donors support Donors: UNDP, IFIs, bilateral
governments and others Support received in almost sectors of
reform Diversified modalities of support Closed co-ordination between Gov. and
donors Obvious impact of supports
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Vietnam PFM Reform Strategy:Implementation and Support of
Donors
THANK YOU FOR YOUR ATTENTION