The Ministry of Finance will be merged with the Ministry of Planning and Investment, reducing a large number of operational units - photo: MoF

The Ministry of Finance (MoF) has planned to reduce a total of 3,342 personnel positions compared to 2022.

Regarding the implementation of Resolution No.18-NQ/TW, Deputy Prime Minister Nguyen Hoa Binh, also Deputy Head of the Government’s Steering Committee, has requested ministers, heads of ministerial-level agencies, and government-affiliated bodies to complete plans for streamlining and restructuring their personnel apparatuses.

Notably, the the Government’s Steering Committee has proposed that the Ministry of Finance continue restructuring its internal organization while retaining its name after the merger with the Ministry of Planning and Investment.

The MoF will transform the General Department of Taxation into a Department of Taxation with 12 divisions/offices;

restructure and consolidate 63 provincial-level tax departments into 20 regional tax departments; restructure and consolidate 420 district and inter-district tax offices into 350 regional inter-district tax teams. About 1,005 out of 4,141 units are expected to be reduced after restructuring.

The General Department of Vietnam Customs will be transformed into a Department of Customs with 12 divisions/offices, while

35 regional customs departments will be transformed into 20 regional customs divisions. 181 customs divisions will be transformed into 165 border and non-border customs teams. About 485 out of 902 units are expected to be reduced after restructuring.

The State Treasury will be transformed into a department-level organization consisting of 10 divisions/offices, while 63 provincial-level treasuries will be transformed into 20 division-level regional treasuries. About 431 out of 1,049 units are expected to be reduced after restructuring.

The General Department of State Reserves

will be transformed into a Department of State Reserves consisting of 7 divisions, while

22 regional state reserve departments will be transformed into 15 regional state reserve divisions.

The General Statistics Office of Vietnam will be transformed into a Statistics Department with 14 divisions, while 63 provincial statistics departments will be transformed into 63 statistics divisions, and 565 district-level statistics divisions will be transformed into 480 inter-district teams.

The Ministry of Finance will absorb the Vietnam Social Security as a public service unit. After restructuring, Vietnam Social Security will have 14 divisions, 21 less than before restructuring. 63 provincial-level social security offices will be transformed into 35 regional offices, while 640 district-level offices will be transformed to 350 inter-district offices, eliminating 147 operational units. About 651 out of 1,465 units are expected to be reduced after restructuring.

The Commission for the Management of State Capital at Enterprises (CMSC) will be dissolved, and the18 state-owned groups and corporations under CMSC management will be transferred to the Ministry of Finance.

The Ministry of Finance is expected to become the biggest ministry in terms of number of reduced and restructured units./.