Built based on advanced models from around the world and Vietnam's requirements for openness and transparency in public finance, it aims to improve efficiencies in the distribution, management, and utilization of public resources. It is also expected to help MoF compile reports on open budgets in a faster and more accurate manner and help keep a close watch on budget reports from ministries, State agencies, and localities.
Speaking at the launching ceremony, Minister of Finance Đinh Tiến Dũng underlined that the launch of the portal is hugely significant for the openness and transparency of public finances.The portal was built with support from the Vietnam Public Financial Management (PFM)'s Analytical and Advisory Assistance (AAA) Programme, and co-financed by the Swiss and Canadian Governments through the WB in 2016.
