The new finance minister recently granted an Interview about his plan and measures to help boost the local economy in the coming time.
Newly appointed finance minister, Dinh Tien Dung
On May 24, the National Assembly approved to take Dinh Tien Dung from his post as the chief of State Audit of Vietnam and appointed him as the new Finance Minister, replacing Vuong Dinh Hue.
How do you feel after becoming the Finance Minister during this tough times?
I’m honoured and will try my best. Not only do I want an in-depth understanding of the situation but I also need determination and cooperation from co-workers.
What will be your priorities as a minister?
First, the government must carry out saving policies to prevent budget deficits. Secondly, we’ll continue to implement monetary with the goal of rescuing businesses. Also, we must make a thorough review of our policies on public and government debts.
In addition, we’ll speed up the tax and fee reform process to be easier to navigate for both consumers and firms. The prices of essential goods such as fuel is also an important problem that must be assessed.
As reported, the state budget in 2013 may not be what was expected, do you have any measures to increase revenue?
Of course we have to prevent budget deficits as the first and most important move. Some revenues can be gained from the recovery of debts, transfer pricing or tighter control over smuggling activities. The government can also save on expenses in some areas such as funds for conference or business trips. For example, many meetings could be held online to save money.
When you were the chief of the State Audit of Vietnam, you carried out many inspections and discovered thousands of billions of taxes lost through evasion. Will this continue in the future?
I always say that we should be proactive in preventing corruption. Our jobs were to identify the signs of corruption for investigating agencies. I’ll also try to create harmony in the working methods of the Finance Ministry.
You’ve had extensive experience in the private sector and also held many positions in the state, such as deputy minister and party secretary. How will your experience help you in the new position?
Though I held many positions, my real expertise is in auditing. However, the Finance Minister is more difficult, with its large-scale system and numerous sensitive agencies. I’ll work with all my will and overcome these challenges.
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