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Mr. Nguyen Ba Toan Deputy Director General Ministry of Finance of Vietnam

Vietnam PFM Reform Strategy: Implementation and Support of Donors. Mr. Nguyen Ba Toan Deputy Director General Ministry of Finance of Vietnam THIRD INTERNATIONAL ROUNDTABLE Managing for Development Results Hanoi, February 5-8.2007. Vietnam PFM Reform Strategy:

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Mr. Nguyen Ba Toan Deputy Director General Ministry of Finance of Vietnam

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  1. Vietnam PFM Reform Strategy: Implementation and Support of Donors Mr. Nguyen Ba Toan Deputy Director General Ministry of Finance of Vietnam THIRD INTERNATIONAL ROUNDTABLE Managing for Development Results Hanoi, February 5-8.2007

  2. Vietnam PFM Reform Strategy: Implementation and Support of Donors 1. Background • Economic reform • Economic growth rates • 7.6% (1990-2000) • 7.5% (2001-2005) • 8.17% (2006)

  3. Vietnam PFM Reform Strategy: Implementation and Support of Donors • Achievements in PFM reform • Contribution to macroeconomic sustainability • Increase in national financial capacity for economic development • Active changes in structure of financial resource distribution

  4. 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

  5. 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

  6. 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

  7. 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.

  8. 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

  9. Vietnam PFM Reform Strategy:Implementation and Support of Donors THANK YOU FOR YOUR ATTENTION

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