The Department of Finance needs to play the role of "Chief advisor " in the field of finance and budget.
On the morning of May 5, Mr. Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, worked with the Department of Finance on the implementation of assigned functions and tasks regarding the growth scenario for the second quarter and the whole year of 2026; the public investment plan in 2026 and the medium-term public investment plan for the period 2026-2030; the budget management plan; the management and handling of public assets after restructuring; non-budgetary investment; and the review of slow-progress projects... In the attendance were Mr. Nguyen Le Huy, Member of the Standing Board of the Provincial Party Committee and Standing Vice Chairman of the Provincial People's Committee; and leaders of provincial departments, agencies, and units.
Mr. Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, delivers a speech at the working session.
In his opening remarks, Comrade Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, emphasized that the tasks to be implemented in the second quarter, the entire year of 2026, and the 2026-2030 period are very challenging. Therefore, advisory work needs to closely adhere to the strategic vision, planning, goals, and development targets, ensuring a balanced utilization of resources to achieve the best possible growth rate while maintaining stability and sustainability. He requested the Department of Finance to always maintain its role as the "Chief advisor" in advising on the balance and allocation of resources; prevent imbalances in development between regions, ensuring the maximum utilization of potential and advantages; and avoid "overheated" development leading to inflation and economic instability.
Comrade Nguyen Le Huy, Member of the Standing Board of the Provincial Party Committee and Standing Vice Chairman of the Provincial People's Committee, speaks at the meeting.
The Head of the Department of Finance presents a report at the meeting.
The Head of the Hung Yen Provincial Tax Department speaks at the meeting.
The Head of the Department of Agriculture and Environment speaks at the meeting.
According to the report of the Department of Finance, the province's economic growth plan in 2026 aims for a GRDP increase of 11-12%. In the first quarter, the province's GRDP growth rate reached 10.43%, exceeding the set plan and ranking among the four localities achieving a double-digit growth. To achieve the 2026 growth target, the GRDP for the second quarter and the first six months of the year needs to increase by at least 10.6%.
In 2026, Hung Yen province was allocated 40,994.6 billion VND in public investment capital by the Prime Minister after implementing a 5% savings; to date, 38,304.9 billion VND has been allocated. As of May 3rd, total state budget revenue in the province reached 26,084 billion VND, achieving 31% of the allocated target; total state budget expenditure reached 24,257 billion VND. By March 31st, the entire province has reviewed 898 surplus land and property assets, including 69 assets transferred from ministries and central agencies to the locality (all have been processed), and 829 assets belonging to the locality. Regarding non-budgetary investment, a review of slow-progress projects revealed 2,904 projects, of which 430 projects are behind schedule (13 projects have been recommended to the Provincial People's Committee for consideration of revocation).
Concluding the working session, Comrade Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, acknowledged and commended the efforts and congratulated the Department of Finance on its important achievements, emphasizing that these results have contributed to the overall development of the province in recent years, especially in the first four months of 2026.
He requested the Department of Finance to coordinate with other departments and agencies to focus on implementing and finalizing the Hung Yen Provincial Master Plan for the period 2021-2030, with a vision to 2050 (adjusted), in order to organize its early announcement, with the goal of creating architectural space and driving development for the province; closely adhering to the set growth scenario, proactively developing contingency plans, including accurately identifying the locations and "targets" of growth; proactively coordinating with other departments and agencies to resolve difficulties and obstacles, and promptly reporting to the Provincial People's Committee for opinions on the issues beyond their authority. To focus on advising on solutions to accelerate the disbursement of public investment capital; proactively and regularly monitor the implementation of public investment projects; review public investment projects from the provincial to the commune level to prioritize resources according to the principle of avoiding scattered allocation and focusing on completing projects; allocate all remaining capital, with priority given to science and technology; improve investment preparation, separating land clearance projects from construction projects. To continue reviewing and proposing plans for the arrangement of headquarters, facilities, and equipment after reorganization to ensure efficiency, avoid wasting resources, and ensure feasibility during use, prioritizing the arrangement of public and social welfare facilities such as education and healthcare. To focus on reviewing slow-progress projects with the aim of resolving issues, promoting, and supporting investors. However, if investors lack the capacity to implement projects, or if they do not take steps to promote progress after provincial support, the province will resolutely revoke the investment license to ensure a healthy and equitable investment environment and avoid wasting land resources. To focus on accelerating administrative procedure reforms, creating a transparent investment and business environment, and making Hung Yen a destination for investors. To focus on nurturing and reviewing revenue sources, ensuring accurate and sufficient collection, contributing to exceeding the 2026 budget revenue target.
Comrade Nguyen Manh Quyen, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, requested the Department of Finance to review and improve its organizational structure in a scientific and efficient manner; clearly assigning responsibilities, tasks, timelines, outputs, and authority. With a new spirit and momentum, the finance sector strives to excellently fulfill its tasks, contributing to achieving the province's double-digit economic growth target in 2026 and the 2026-2030 period.
