Ministry of Finance of Vietnam contains 9 Deputy Ministers and 35 affiliated units after merger from March 1, 2025

Ministry of Finance of Vietnam contains 9 Deputy Ministers and 35 affiliated units after merger from March 1, 2025

On February 24, 2025, the Government of Vietnam issued Decree 29/2025/ND-CP...Download stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance of Vietnam. Decree 29/2025/ND-CP shall take effect as of March 1, 2025.

According to Article 3 of Decree 29/2025/ND-CP Download, the organizational structure of the Ministry of Finance of Vietnam after the merger from March 1, 2025, includes 35 affiliated units as specified as follows:

(1) 30 administrative organizations supporting the Minister in performing the function of state management, include:

- Department of National Economic Synthesis;

- Department of State Budget;

- Department of Investment;

- Department of Finance - Economic Sector;

- Department of National Defense, Security, Special (Department I);

- Department of Local and Territorial Economy;

- Department of Planning Management;

- Department of Financial Institutions;

- Department of Personnel Organization;

- Department of Legal Affairs;

- Department of Debt Management and External Economy;

- Department of Public Asset Management;

- Department of Tender Management;

- Department of Tax, Fee and Charge Policy Management and Supervision;

- Department of Insurance Management and Supervision;

- Department of Accounting and Auditing Management and Supervision;

- Department of Price Management;

- Department of State Enterprise Development;

- Department of Private Enterprise and Collective Economy Development;

- Department of Foreign Investment;

- Department of Financial Planning;

- Department of Information Technology and Digital Transformation;

- Tax Department;

- Customs Department;

- State Reserves Department;

- Statistics Department;

- Inspectorate;

- Office;

- State Treasury;

- State Securities Commission.

(2) 4 public service providers, include:

+ Institute of Strategy and Economic Policy - Finance;

+ Finance and Investment Newspaper;

+ Journal of Economics - Finance.

+ Academy of Policy and Development;

(3) 01 special unit under the Ministry of Finance of Vietnam: Vietnam Social Security

In detail:

- The Department of National Economic Synthesis has 03 divisions; the Department of State Budget has 04 divisions; the Department of Investment has 04 divisions; the Department of Finance - Economic Sector has 04 divisions; the Department of Local and Territorial Economy has 04 divisions; the Department of Financial Institutions has 04 divisions; the Department of Personnel Organization has 06 divisions; the Department of Legal Affairs has 04 divisions.

- The Tax Department is organized and operates on 03 levels: Tax Department (12 affiliated units); 20 Regional Tax Branches; 350 Inter-district Tax Teams. The Customs Department is organized and operates on 03 levels: Customs Department (12 affiliated units); 20 Regional Customs Branches; 165 Customs Offices at border checkpoints/outside checkpoints. The State Reserves Department is organized and operates on 02 levels: State Reserves Department (07 affiliated units); 15 Regional State Reserves Branches (with a total of no more than 171 warehousing points).

- The Statistics Department is organized and operates on 03 levels: Statistics Department (14 affiliated units); 63 Statistics Branches; 480 Inter-district Statistics Teams.

- The State Treasury is organized and operates on 02 levels: State Treasury (10 affiliated units); 20 Regional State Treasuries (with a total of no more than 350 Transaction Offices).

- Vietnam Social Security is organized and operates on 03 levels: Vietnam Social Security (14 affiliated units); 35 Regional Social Security; 350 Inter-district Social Security.

The Tax Department, Customs Department, State Reserves Department, Statistics Department, State Treasury, State Securities Commission, Vietnam Social Security bear the seal of the National Emblem. The Minister of Finance stipulates the functions, tasks, powers, and organizational structure of the organizations, affiliated units under the Ministry of Finance of Vietnam; determines the number of advisory and assisting affiliated units of the Branch and equivalent under the Department and equivalent under the ministry; and submits to the Prime Minister of the Government of Vietnam the issuance of the list of other public service providers under the ministry.

Additionally, under Decision No. 325/QD-TTg in 2025 Download, the Prime Minister signed decisions on the transfer, appointment of four Deputy Ministers of Planning and Investment.

Under Decision No. 369/QD-TTg in 2025 Download, the Prime Minister transferred and appointed the Vice Chairman of the State Capital Management Committee in Enterprises to hold the position of Deputy Minister of Finance.

These Decisions take effect as of March 1, 2025.

Previously, the Ministry of Finance of Vietnam had 4 Deputy Ministers. Therefore, with the Prime Minister transferring and appointing an additional 5 Deputy Ministers, the new Ministry of Finance of Vietnam will have a total of 9 Deputy Ministers.

Thus, from March 1, 2025, the Ministry of Finance of Vietnam will have 9 Deputy Ministers and 35 affiliated units after the merger.

Ministry of Finance of Vietnam contains 9 Deputy Ministers and 35 affiliated units after merger from March 1, 2025 (Image from the Internet)

What is the time limit for the Ministry of Finance of Vietnam to organize and arrange affiliated units?

According to Article 4 of Decree 29/2025/ND-CP...Download, the transition provisions are as follows:

Transition Provisions

The Minister of Finance is responsible for organizing and arranging the Tax Department, Customs Department, State Reserves Department, Statistics Department, State Treasury, State Securities Commission, Vietnam Social Security to operate under the new model within a maximum period of 03 months from the effective date of this Decree.

Thus, the Minister of Finance is responsible for organizing and arranging the Tax Department, Customs Department, State Reserves Department, Statistics Department, State Treasury, State Securities Commission, Vietnam Social Security to operate under the new model within a maximum period of 03 months from March 1, 2025.

What are the position and functions of the Ministry of Finance of Vietnam from March 1, 2025?

According to Article 1 of Decree 29 of 2025...Download, the position and functions of the Ministry of Finance of Vietnam are as follows:

The Ministry of Finance of Vietnam is an agency of the Government of Vietnam, performing the function of state management over:

- Strategy, socio-economic development plans; planning; development investment, business investment in Vietnam and business investment from Vietnam abroad, investment promotion; state budget; state treasury; public debt;

- Foreign aid to Vietnam and Vietnam's aid to foreign countries; taxes, fees, charges, and other state budget revenues;

- State reserves; finances for outside state budget financial funds; public assets; Customs; accounting;

- Auditing; prices; securities; insurance; bidding;

- Enterprises, collective economy, cooperative economy, household business; economic zones;

- Financial services and other services within the scope of the state management of the Ministry;

- Statistics;

- Implementing social insurance policies, health insurance, representing state capital ownership investment in enterprises according to the provisions of the law.