Organizational structure of the Ministry of Finance under new regulations in Vietnam

Organizational structure of the Ministry of Finance under new regulations in Vietnam
Le Truong Quoc Dat

April 20, 2023, the Government of Vietnam promulgated Decree 14/2023/ND-CP stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance of Vietnam.

Organizational structure of the Ministry of Finance under new regulations in Vietnam

(1) Administrative organizations assisting the Minister in performing the state management function in Vietnam:

- Department of State Budget.

- Department of Investment.

- Department of National Defense, Security, and Special Finance (Department I).

- Department of Administrative and Public Finance.

- Department of Banking and Financial Institutions Finance.

- Department of International Cooperation.

- Department of Legal Affairs.

- Department of Personnel Organization.

- Inspectorate.

- Office.

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

- Department of Public Asset Management.

- Department of Debt and External Finance Management.

- Department of Insurance Management and Supervision.

- Department of Accounting and Auditing Management and Supervision.

- Department of Pricing Management.

- Department of Informatics and Financial Statistics.

- Department of Corporate Finance.

- Department of Planning - Finance.

- General Department of Taxation.

- General Department of Customs.

- General Department of State Reserves.

- State Treasury.

- State Securities Commission.

Among these, the Department of State Budget has 4 divisions, the Department of Administrative and Public Finance has 4 divisions, the Department of Investment has 4 divisions, the Department of Banking and Financial Institutions Finance has 4 divisions, the Department of Legal Affairs has 5 divisions, the Department of Personnel Organization has 7 divisions, and the Department of International Cooperation has 4 divisions.

(2) Public service organizations serving the state management under the Ministry of Finance:

- Institute of Financial Strategy and Policy.

- Vietnam Financial Times.

- Financial Magazine.

- School of Financial Staff Training.

The Department of Tax Policy continues to perform its functions and duties according to current legal regulations until the Minister of Finance issues a Decision stipulating the functions, duties, powers, and organizational structure of the Department of Tax, Fee, and Charge Policy Management and Supervision.

More details can be found in Decree 14/2023/ND-CP, which comes into force in Vietnam from May 15, 2023.

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