The PRIME MINISTER'S DECISION to approve the development oriented Finance Vietnam until 2010 the PRIME MINISTER pursuant to the law on organization of the Government of 25 December 2001;
Pursuant to the conclusion of the Politburo at the announced 147-TB/TW on July 16, 2004 of the Executive Board of the Communist Party of Vietnam financial strategy projects to 2010;
According to the recommendation of the Minister of finance in the sheet number 51 TTr/BTC on September 21, 2004, decision: article 1. Approved financial Vietnam development orientation by 2010 with the following content: a. general objective: ensure sufficient national financial strength to actively promote economic growth is fast, effective and sustainable, has the ability to control inflation, a stable currency, prices and markets; the policy system of encouragement, financial distribution effect high, ensure equitable, dynamic, in line with the market economic institutions of the Socialist orientation, which impacts the way open source content, attracting external forces and effective use of all resources for socio-economic development of the country; building a healthy national finances, publicity, transparency, democracy, are managed and controlled closely, make finance became the measure of the efficiency of all economic activity, is motivation promoting socio-economic development; capacity, effective financial governance be strengthened on the basis of innovation and promote administrative reform and modernization of the tool and improving the quality of staff in financial management; strengthen and improve the financial position of Vietnam in international relations on the basis of ensuring the independent and national financial security.
B. The specific objectives: 1. To handle well the relations accrue and consumption, savings and investment, increased finance for investment in the social-economic development, national defense, security assurances.
Increase the proportion of the total social capital in comparison with 2001-2010 GDP up about 36-40%, including the investment from the State budget accounted for about 8%.
Stabilize the proportion of investment expenditure (including part by source government bonds) at 29-30% of the total State budget.
2. Lift the mobilization rate of GDP on State budget from 20-21% to 21-22%, in which revenue from taxes and charges from 19-20% to 20-21%.
3. To increase spending for education and training, science and technology, culture in the total State budget.
In 2005 spent on education and training reached 18% of the total State budget expenditure; spending for science and technology reach 2% of the total State budget expenditure;
By 2010, compared to the overall State budget, spending for education and training are reaching 20%, for science and technology reached 2.1 percent, reaching 1.8% culture for more details.
4. control and maintain the rate of spending State budget at a level of no more than 5% of GDP.
5. Control of government debt, the country's foreign debts are at levels not exceeding 50% of GDP.
6. Formation of sync types of markets, including financial markets, financial services and real estate.
7. Complete the arrangement, renovation of State-owned enterprises, improve the efficiency and competitiveness of businesses.
8. Reduce the proportion of cash in the total liquidity, stabilize purchasing power and value for money, build computer conversion of Vietnam.
C. The major Solutions Group: 1. high speed tapping financial resources for socio-economic development.
Implementation of financial policies, mechanisms, unity, creating macro-economic environment is stable and attractive, boosting the business, the economic component, the dwellers, foreign investors put capital to social-economic development.
Innovating and perfecting the financial policies to attract domestic and foreign resources to promote development of infrastructure of social-economic, the motivation, the key economic region to create a breakthrough in economic restructuring.
Boost attracting indirect investment through domestic financial markets, the effective use of all the channels, the tool, the form of financial investments; encouraged to provide goods and perfecting the mechanism to promote the development of stock market capital mobilization channels mainly for development investment. Perfecting the mechanism to finance the local Department released key economic bonds to invest in the construction of infrastructure, social-economic. Actively seeking funding on the international financial markets through government bonds, pilot study made the release of corporate bonds on international financial markets.
Motivate reasonable revenue sources for the State budget on the basis of tax system reform, consistent with market mechanism, towards a fair, consistent, logical structure and synchronization on all three sides: tax policy, tax administration and tax consulting services, ensuring a favorable environment to encourage the development of production business, promote economic growth, the cumulative increase for the business.
Tight management and efficient exploitation according to the long-term plan of resources from the land. Speeding up the sale of State assets, including the sale, rental rights, use of infrastructure (roads, ports, training institutions, services, ...) to replicate the investment capital for the budget and improving the efficient use of assets.

Motivate, attract extensive funding in society in order to increase investment in improving the quantity and quality of public services. Promote implementation of socialization by applying appropriate financing mechanisms for the business units. Improve financial policies encourages investors to put capital to provide public services.
2. rational distribution and efficient use of financial resources.
Perfecting the mechanism of distribution policy, and fair use, saving and efficient social investment resources, promote economic restructuring, development of economic zones in sync, guaranteeing financial resources make economic development goals tied to ensure social justice and poverty poverty reduction.
Enhance the role of the orientation of State financial resources in the investment in social-economic development, including the investment of the State budget focused primarily for construction, the upgrading of economic infrastructure, social infrastructure, especially in agriculture and the countryside; guarantee capital for key projects and national objectives, the strategic priorities of the mission; investment support for the development of the difficulties.
Investment structure adjustment to accelerate the process of economic restructuring, particularly focused on investment priorities the development of the economy, economic restructuring in agriculture, rural; continue to implement mechanisms to encourage investment orientation of society to spearhead industries, high technology, contribute to promoting technological innovation. Encourage the development of services, especially financial services, banking, insurance, lottery ...
Implementation of financial policies to encourage the development of dynamic economic area made the top of the train of economic growth associated with facilitating the development of other regions on the basis of promoting the strengths of each region, and more investment interest for the region difficult.
Actively distributed, using State budget resources effectively, to meet the requirements of socio-economic development, ensure national defense, security and the requirements of State management activities. Continue to restructure the State budget on the basis of a clear delineation of the content and scope of the State budget should ensure for the objects of expenditure budget, promoting the initiative of the local unit, remove the cover directly and indirectly through the State budget, restructure the State budget with the administrative reform for the match function tasks of the State and promote socialization to mobilize high levels of resources for socio-economic development.
To further improve the mechanism of decentralization; just make sure to focus, consistency and coordination role of the central budget, medium strong divisions coupled with enhanced responsibility and initiative in management? the budget of the local government; striving to increase the number of local budget balance itself.
3. Innovation and enterprise finance development.
Build and perfect the policies, financial mechanisms, ensuring business stability, equality, transparency, create favorable conditions for enterprises in all economic sectors to harness and promote all resources inside and outside the business grows, the business and improve the competitiveness on the domestic and international markets.
Perfecting policies, financial mechanisms towards accelerating the innovation process, the sort associated with strengthening the financial capacity for the State enterprises through the forms of equitization, assignment, sale, lease, rental business, merger, consolidation, dissolution or bankruptcy of State enterprises. An expansion of the State-owned enterprises need, including corporations and big business.
The basic innovation policy, financial management mechanisms of State enterprises on the basis of clearly separated state management functions, management of owners with the business management functions of the business; delete the managing mechanism; delineate clearly the powers of the State authorities perform functions represent the owner for State enterprises; apply the mechanism of State ordered the production, provided the goods and public services.
4. development of the financial market, the financial services market, meet the requirements for attracting financial resources for investment and development.
Commodity diversification on the financial markets and financial services, increasing the number and quality of the goods to the stock market on the basis of speeding up the process of privatization of State enterprises, business capitalization with the listing on the stock market. Encourage enterprises in the other economic sectors, including businesses that have invested overseas listed shares and raising capital through the stock market.
Upgrade the stock trading center in Ho Chi Minh City securities trading center and Hanoi securities trading center. Prepare the conditions for each step associated with the Vietnam stock market stock markets in the countries in the region.
Complete the legal framework regulating activity in the financial market, strengthen the link between the money market, the capital market both in terms of policy, mechanism of action, executive management, active monitoring.
5. Expand foreign financial operations and international financial integration which aims to reinforce and develop national financial background.

Determine a reasonable roadmap for developing and step-by-step liberalization of capital flow in terms of integration, the diversification of capital source implementation, multilateral partnership. Improve the management of foreign debt. Debt monitoring system, the system of indicators evaluate the effectiveness of the projects, the program using foreign loans, especially for foreign trade capital of the enterprises according to mechanism of auto loans. Improve the efficiency of capital use cumulative foreign debt Fund and organize the payment of debt. Strengthening human resources and capacity in the management of foreign debt.
Improve the financial legal framework according to the international standard for successful integration; Tuning and building mechanisms, fiscal policy consistent with the bilateral and multilateral commitments. Implementation of protection for domestic production and financial institutions, commercial banks, key, time and route clear, transparent.
6. Enhance the capacity and effectiveness of financial supervision, ensure healthy financial culture and national financial security.
Set up an early warning system to timely prevent the risk of insecurity in the financial system, apply the required financial reports, made public, complete financial control system of the State budget. Perform audits for the beneficiaries of funding the State budget. Improve the capacity and quality of operation, inspection, Inspector of finances in all fields, especially the management, using State budget funds, the management of capital construction. Perfecting the Organization and strengthening financial supervision organizations, focusing on the Ministry of finance.
7. The administrative reform in the financial sector, ensure financial activities smoothly, quality and efficiency.
Synchronize the system legal text and reform of financial administration procedures; perfect the functions, missions, strengthen organizational and financial management; standardized financial officers, team building financial official enough in number, have a reasonable structure, high professional qualification; modernization of financial management, the application of scientific and technological progress to enhance the capacity and effectiveness of financial management.
D. The specific action programmes: financial development orientation by 2010 to be implemented under the programme and specific proposals, as follows: 1. the tax system reform program until 2010 (The Finance Committee).
2. The program of innovation and perfecting financial management businesses, including the project to build the mechanism of financial policies, accelerate the process of reform of State enterprises; the project of building the financial mechanism for the types of business; project to strengthen the financial capacity and improve the competitiveness of businesses and construction project supervision system of business finance (Ministry of finance implementation).
3. innovation programs and improve the management of public assets, including the project to build the mechanism of financial policy, land management, renovation projects, financial management policy for infrastructure assets, project to improve asset management divisions of State career the scheme, shops and auctions of property the administrative area of the State, the project to increase the capacity and improve the management capacity of public property (Ministry of finance implementation).
4. The project of the mobilization, allocation and effective use of capital; include the project of building the mobilization policy and capital investment (both foreign and domestic) (the Ministry of finance in cooperation with the Ministry of planning and Investment Committee).
5. The project of implementing the law on the State budget, including improving the management, policy formulation, management of State budget; the project of renovation of the structure of the State budget (Ministry of finance implementation).
6. The project of building the State pilot mechanism construction of homes, infrastructure for non long term rental; financial incentive, on the delivery of the land use ... to encourage public sector development.
7. The project of implementing the strategy of developing the insurance market in the period 2003-2010 (Ministry of finance implementation).
8. The project of building the overall roadmap of development and perfection of the financial market to 2010 (the Ministry of finance, and co-ordinate with The relevant implementation).
9. Project management innovation of government debt and foreign debt management of the country (Ministry of finance, and co-ordinate with The relevant implementation).
10. The project of renovation of customs activities under customs law (Ministry of finance implementation).
11. Project to improve the management of the price according to the Ordinance, including perfecting price management mechanism, remove the mechanism of protection, subsidized through the price mechanism, remove the two reviews, the formation of the exchange of goods; the research of building the legal framework on anti-dumping and monopoly price control, control of internal price transfer; strengthening the application of the method of auction (Ministry of finance implementation).
12. The project of strengthening and renovation work Inspector of Finance (Ministry of finance implementation).

13. The project construction standards and norms to State administration and public administration (Ministry of finance implementation).
14. administrative reform scheme and improve the management capacity of national financial background, the project of renovation work, scientific research, training and capacity building of staff, finance officer (Ministry of finance implementation).
15. The project of implementation of Government decisions on planning applications, development and technological modernization financial management, budget (Ministry of finance implementation).
Article 2. Implementation 1. Affairs, Ministry of finance, in collaboration with the State Bank of Vietnam, the Ministry of planning and investment, the ministries concerned and the people's committees of provinces and cities under central organizations implementing financial Vietnam development orientation by 2010.
2. content base of financial development-oriented provisions in this decision, the Ministry of finance, in cooperation with the relevant ministries and agencies and the people's Committee of the central cities, build and implement the action plans periodically and annually for 5 years in line with the plan for socio-economic development of the country in the same period; instructions, inspection, supervision and general implementation of recurring annually, reported the Prime Minister; profile of organization the implementation in 2005 of the implementation in 2010.
Article 3. This decision has the effect after 15 days from the date The report.
Article 4. The Ministers, heads of ministerial agencies, heads of government agencies, the Chairman of people's Committee of the central cities, is responsible for the implementation of this decision.