Deputy Director of the State Treasury Ngo Thi Nhung speaks at the meeting on December 26. Photo: KBNN
In a press briefing on the afternoon of December 26, the leadership of the State Treasury announced that the agency has disbursed over 163.4 trillion VND to officials retiring under Decree 178. Additionally, more than 10.46 trillion VND was allocated for gifts during the September 2 National Day.
Regarding budget revenue, as of December 24, 2025, the balanced revenue reached over 2,577 trillion VND, equivalent to 131% of the estimate; domestic revenue (excluding crude oil) exceeded 2,214 trillion VND, nearly 133% of the estimate.
By December 25, 2025, the State Treasury issued 349.509 trillion VND in government bonds with an average term of 9.78 years and an average interest rate of 3.21% per annum.
According to Deputy Director Ngo Thi Nhung, 2025 marked a breakthrough in reorganizing and streamlining the State Treasury’s apparatus in line with the two-tier local government model.
Implementing the directives of the Party, Government, and Ministry of Finance, the Treasury system adopted a two-tier model comprising the State Treasury and regional State Treasury offices starting March 15, 2025.
From July 1, 2025, 20 regional Treasury offices were further reorganized, adjusting their jurisdictions to align with provincial administrative restructuring. This resulted in a 44% reduction of units, from 1,047 to 582.
The State Treasury leadership noted that 2026 marks the beginning of the 5-year socio-economic development plan (2026-2030). Therefore, the Treasury will continue reviewing and proposing adjustments to the 2030 Development Strategy to align with the two-tier government structure and Resolution 57-NQ/TW.
The Treasury will submit new circulars to replace existing regulations in state accounting and Treasury operations, ensuring compliance with the 2025 State Budget Law.
Efforts will also focus on promoting cashless payments, expanding account-based disbursements, and automating payments for utilities like electricity, water, and telecommunications.
A key priority is allocating resources to implement the VDBAS project, ensuring timely and quality execution to establish a digital Treasury foundation.
Decree 178/2024 outlines policies for officials, civil servants, public employees, workers, and military personnel retiring early as part of organizational restructuring.
Under Decree 178, individuals within 10 years of retirement age in normal conditions or 5 years in particularly challenging areas, with sufficient compulsory social insurance contributions, may retire early. They receive a one-time pension supplement for early retirement without pension deductions.
Officials and civil servants more than two years from retirement who do not qualify for early retirement but resign will receive four benefits: severance pay; 1.5 months’ salary per year of social insurance contributions; retention or withdrawal of social insurance; and a three-month salary job search allowance.
Public employees and workers receive similar benefits, with the fourth benefit being unemployment benefits from the Unemployment Insurance Fund.
The Ministry of Home Affairs estimates that approximately 100,000 individuals will retire or resign under Decree 178/2024, including 85,000 early retirees and 15,000 resignations.
Over 163 Trillion VND Paid to 117,000 Employees Under Decree 178
Last year, the State Treasury under the Ministry of Finance disbursed over 163 trillion VND to 117,000 beneficiaries in accordance with Decree No. 178.
Over 163 Trillion VND Paid to 117,000 Employees Under Decree 178
Last year, the State Treasury under the Ministry of Finance disbursed over 163 trillion VND in benefits and policies to 117,000 individuals, as outlined in Decree No. 178.
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