Secretary the Party Delegation to Vietnam Social Security, Director General Nguyen The Manh inspects material facilities and operations at the Archives Center

The Directive states that Vietnam’s social security industry has always closely followed Resolutions of the Party, National Assembly and Government; proactively worked with ministries, and Central departments and sectors, and Party Committees and administrations at grassroots levels in formulating and implementing social insurance and health insurance policies and laws, considering “the people and businesses as subjects and centres of services” and sticking to the industry’s action motto of “solidarity, discipline, responsibility, creativeness, flexibility and effectiveness”.

Vietnam social security industry has synchronously implemented solutions to reinforce financial disciplines, practise thrift and combat wastefulness, optimise available resources, and raise the awareness and responsibility of units’ heads; ensuring the effective management and use of finance and asset.

To intensify disciplines in financial and asset management and enhance the efficiency of financial, asset and accounting management, Secretary of the Party Delegation to Vietnam Social Security asked heads of units under Vietnam Social Security (VSS); directors of provincial and municipal social security offices (generally referred as social security offices); and directors of social security offices in provinces’ districts and towns (generally referred as district social security office) to raise the awareness about, and regularly reinforce the compliance with financial disciplines, and fight against negativity, corruption and wastefulness; and improve the role and responsibility in management as well as increase inspections and directions.

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It is significant to direct and promptly review existing regulations and documents related to the financial, assets and accounting management to make necessary amendments and revisions in line with the law, ensuring synchronisation, consistency and practicality in the direction of increased decentralisation to hold individuals accountable and enhanced inspection and supervision. Also, it is essential to propose the competent authorities to amend, supplement and replace irrelevant regulations which cause losses and wastefulness to the State budget and other social resources.

Account owners and chief accountants at all levels are required to manage and use financial sources, social insurance and health insurance management expenditures, and the units’ funds in line with processes, regulations of social insurance and health insurance laws, Law on Bidding, Accounting Law, and related laws and guiding documents, ensuring effectiveness, thrift, publicity and transparency.

It is strictly forbidden to put outside the accounting books any premium collections; the estimation and allocation of funds must be in line with regulations, procedures and reality to completely practise thrift and avoid wastefulness in all stages; spending must be made in a purposeful and practical way within the allocated budget, ensuring accounting documents are legal and adequate; and public debts must be closely monitored.

It is imperative to seriously abide by the Law on Management and Use of Public Assets, ensuring publicity and transparency in purchasing, managing, exploiting, using and dealing with public assets. It is necessary to increase the economical, effective, and proper management and use of public cars as regulated. It is essential to accelerate the review, rearrangement and use of public assets, immediately settling property and assets of units after the merger to prevent wastefulness, violations, encroachment, transfer and illegal use of these properties and assets.

It is crucial to regularly inspect, guide, and accelerate the management of finance, assets, and accounting of the subordinate units practices; and commend well-performing individuals and collectives whilst strictly dealing with violations. It is imperative to reinforce accounting system in the direction of effectiveness and professionalism. Also it is vital to attach much importance to providing further professional training and practice on finance, assets and accounting for the staff working in the fields. It is essential to increase the responsibility of chief accountants in the management and use of assets, fund sources and accounting works.

Additionally, it is significant to promote the information technology application and digitisation in the fields of finance and accounting; ensuring the development of a concentrated, interconnected and shared database to enhance the effectiveness in the management of finance, assets and accounting./.