Implementation of Treasury Single Account and Strengthening of Cash Management in Vietnam
Vietnam has made progress to improve oversight and control over cash balances for the state budget. The current arrangement however falls short of a treasury single account (TSA), which has led to inefficiencies in the management of cash balances a...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/01/20431619/implementation-treasury-single-account-strengthening-cash-management-vietnam http://hdl.handle.net/10986/20692 |
| id |
okr-10986-20692 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO BANK ACCOUNTANT ACCOUNTING AGGREGATE CONTROL ALLOCATION ANALYTICAL CAPACITY APPROPRIATION APPROPRIATIONS ASSET MANAGEMENT BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK DEPOSIT BANK DEPOSITS BANK PAYMENT BANKING SYSTEM BENEFICIARY BOOK ENTRY BORROWING COST BORROWING COSTS BORROWING PLANS BUDGET ALLOCATIONS BUDGET CONTROL BUDGET DEFICIT BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET LAW BUDGET MANAGEMENT BUDGET MANAGEMENT PROCESS BUDGET OPERATIONS BUDGETARY CONTROL BUDGETARY FUNDS BUDGETARY OPERATIONS CAPACITY BUILDING CASH BALANCE CASH BALANCES CASH BASIS CASH FLOW CASH FLOWS CASH HOLDINGS CASH MANAGEMENT CASH POSITION CASH TRANSACTIONS CENTRAL BANK CENTRAL BUDGET CENTRAL GOVERNMENT CIVIL SERVICE CIVIL SERVICE PAY CLEARING HOUSE COLLATERAL COLLATERAL REQUIREMENTS COLLECTED REVENUES COMMERCIAL BANK COMMERCIAL BANK BRANCH COMMERCIAL BANKS COST RECOVERY COSTS OF GOVERNMENT CREDIT RISK CREDIT RISK EXPOSURE CURRENCY CUSTODY DATA ENTRY DEBT ISSUANCE DEBT MANAGEMENT DEBT PAYMENT DEBT SERVICING DEBT SERVICING COSTS DEBT STOCK DEDICATED REVENUE DELEGATION OF AUTHORITY DEPOSIT INSURANCE DEPOSITORS DEPOSITS DOMESTIC DEBT DOMESTIC DEBT SECURITIES DOMESTIC FINANCIAL ASSETS DOMESTIC SECURITY EFFICIENCY GAINS EXPENDITURE EXPENDITURES EXTERNAL FINANCE FINANCIAL ASSET FINANCIAL ASSET MANAGEMENT FINANCIAL ASSETS FINANCIAL BALANCE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT ARRANGEMENTS FINANCIAL MANAGEMENT INFORMATION FINANCIAL MANAGEMENT INFORMATION SYSTEM FINANCIAL MANAGEMENT SYSTEMS FINANCIAL OPERATIONS FINANCIAL PERFORMANCE FINANCIAL RESOURCES FINANCIAL RISK FINANCIAL STATEMENT FINANCIAL TRANSACTIONS FISCAL DATA FISCAL MANAGEMENT FISCAL POLICIES FOREIGN CURRENCY FOREIGN TRADE GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTS GOVERNMENT BANK GOVERNMENT DEBT GOVERNMENT DEPOSITS GOVERNMENT FINANCE GOVERNMENT FINANCE STATISTICS GOVERNMENT FINANCES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUE GOVERNMENT SECURITIES HEALTH INSURANCE HEALTH INSURANCE FUND HOLDING IDLE CASH IMPLICIT GOVERNMENT GUARANTEES INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTEREST COST INTEREST INCOME INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL DEVELOPMENT INVESTING INVESTMENT ACTIVITIES LIABILITY LIABILITY MANAGEMENT LIQUIDITY LIQUIDITY CONSTRAINTS LIQUIDITY PROBLEMS LOCAL GOVERNMENT MACROECONOMIC POLICIES MARKET INTEREST RATES MINISTRY OF FINANCE MONETARY FUND MONETARY POLICIES MONETARY POLICY NATIONAL SECURITY NET BORROWING PAYMENT PROCESSING PAYMENT SERVICES PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENT TRANSACTIONS PROMISSORY NOTE PROVINCIAL LEVEL PROVISIONS PUBLIC PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC FINANCIAL MANAGEMENT PUBLIC SECTOR PUBLIC SECTOR SPECIALIST REFORM PRIORITIES REFORM PROCESS REGULAR PAYMENT RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES REVENUE SHARING RISK MANAGEMENT SECONDARY MARKET SECURITIES SERVICE PROVISION SETTLEMENT SETTLEMENT SYSTEM SOCIAL BENEFITS SOCIAL INSURANCE SOCIAL INSURANCE FUND STATE BANK STATE BUDGET STATE TREASURY STOCKS SUB-NATIONAL GOVERNMENTS T-BILLS TAX TAX ADMINISTRATION TAX COLLECTION TAX PAYMENTS TAX SHARING TAXPAYERS TERM DEPOSITS TOTAL DEBT TRANSACTION TRANSACTION COST TRANSACTION COSTS TRANSPARENCY TREASURIES TREASURY TREASURY BILLS TREASURY MANAGEMENT TREASURY REFORMS TREASURY STAFF TREASURY SYSTEM TYPES OF REVENUE VALUE PAYMENT SYSTEM VARIABLE COST WITHDRAWAL |
| spellingShingle |
ACCESS TO BANK ACCOUNTANT ACCOUNTING AGGREGATE CONTROL ALLOCATION ANALYTICAL CAPACITY APPROPRIATION APPROPRIATIONS ASSET MANAGEMENT BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK DEPOSIT BANK DEPOSITS BANK PAYMENT BANKING SYSTEM BENEFICIARY BOOK ENTRY BORROWING COST BORROWING COSTS BORROWING PLANS BUDGET ALLOCATIONS BUDGET CONTROL BUDGET DEFICIT BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET LAW BUDGET MANAGEMENT BUDGET MANAGEMENT PROCESS BUDGET OPERATIONS BUDGETARY CONTROL BUDGETARY FUNDS BUDGETARY OPERATIONS CAPACITY BUILDING CASH BALANCE CASH BALANCES CASH BASIS CASH FLOW CASH FLOWS CASH HOLDINGS CASH MANAGEMENT CASH POSITION CASH TRANSACTIONS CENTRAL BANK CENTRAL BUDGET CENTRAL GOVERNMENT CIVIL SERVICE CIVIL SERVICE PAY CLEARING HOUSE COLLATERAL COLLATERAL REQUIREMENTS COLLECTED REVENUES COMMERCIAL BANK COMMERCIAL BANK BRANCH COMMERCIAL BANKS COST RECOVERY COSTS OF GOVERNMENT CREDIT RISK CREDIT RISK EXPOSURE CURRENCY CUSTODY DATA ENTRY DEBT ISSUANCE DEBT MANAGEMENT DEBT PAYMENT DEBT SERVICING DEBT SERVICING COSTS DEBT STOCK DEDICATED REVENUE DELEGATION OF AUTHORITY DEPOSIT INSURANCE DEPOSITORS DEPOSITS DOMESTIC DEBT DOMESTIC DEBT SECURITIES DOMESTIC FINANCIAL ASSETS DOMESTIC SECURITY EFFICIENCY GAINS EXPENDITURE EXPENDITURES EXTERNAL FINANCE FINANCIAL ASSET FINANCIAL ASSET MANAGEMENT FINANCIAL ASSETS FINANCIAL BALANCE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT ARRANGEMENTS FINANCIAL MANAGEMENT INFORMATION FINANCIAL MANAGEMENT INFORMATION SYSTEM FINANCIAL MANAGEMENT SYSTEMS FINANCIAL OPERATIONS FINANCIAL PERFORMANCE FINANCIAL RESOURCES FINANCIAL RISK FINANCIAL STATEMENT FINANCIAL TRANSACTIONS FISCAL DATA FISCAL MANAGEMENT FISCAL POLICIES FOREIGN CURRENCY FOREIGN TRADE GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTS GOVERNMENT BANK GOVERNMENT DEBT GOVERNMENT DEPOSITS GOVERNMENT FINANCE GOVERNMENT FINANCE STATISTICS GOVERNMENT FINANCES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUE GOVERNMENT SECURITIES HEALTH INSURANCE HEALTH INSURANCE FUND HOLDING IDLE CASH IMPLICIT GOVERNMENT GUARANTEES INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTEREST COST INTEREST INCOME INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL DEVELOPMENT INVESTING INVESTMENT ACTIVITIES LIABILITY LIABILITY MANAGEMENT LIQUIDITY LIQUIDITY CONSTRAINTS LIQUIDITY PROBLEMS LOCAL GOVERNMENT MACROECONOMIC POLICIES MARKET INTEREST RATES MINISTRY OF FINANCE MONETARY FUND MONETARY POLICIES MONETARY POLICY NATIONAL SECURITY NET BORROWING PAYMENT PROCESSING PAYMENT SERVICES PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENT TRANSACTIONS PROMISSORY NOTE PROVINCIAL LEVEL PROVISIONS PUBLIC PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC FINANCIAL MANAGEMENT PUBLIC SECTOR PUBLIC SECTOR SPECIALIST REFORM PRIORITIES REFORM PROCESS REGULAR PAYMENT RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES REVENUE SHARING RISK MANAGEMENT SECONDARY MARKET SECURITIES SERVICE PROVISION SETTLEMENT SETTLEMENT SYSTEM SOCIAL BENEFITS SOCIAL INSURANCE SOCIAL INSURANCE FUND STATE BANK STATE BUDGET STATE TREASURY STOCKS SUB-NATIONAL GOVERNMENTS T-BILLS TAX TAX ADMINISTRATION TAX COLLECTION TAX PAYMENTS TAX SHARING TAXPAYERS TERM DEPOSITS TOTAL DEBT TRANSACTION TRANSACTION COST TRANSACTION COSTS TRANSPARENCY TREASURIES TREASURY TREASURY BILLS TREASURY MANAGEMENT TREASURY REFORMS TREASURY STAFF TREASURY SYSTEM TYPES OF REVENUE VALUE PAYMENT SYSTEM VARIABLE COST WITHDRAWAL World Bank Implementation of Treasury Single Account and Strengthening of Cash Management in Vietnam |
| geographic_facet |
East Asia and Pacific Vietnam |
| description |
Vietnam has made progress to improve
oversight and control over cash balances for the state
budget. The current arrangement however falls short of a
treasury single account (TSA), which has led to
inefficiencies in the management of cash balances and higher
than necessary borrowing costs. In response to this, the
Government of Vietnam has embarked on reforms to adopt a TSA
and strengthen overall cash management. This policy note
provides a review of progress in implementing a TSA system
in Vietnam, the remaining challenges and obstacles, and how
to overcome these for further TSA and cash management
reforms. It is the product of ongoing discussions between
the World Bank and the Ministry of Finance. Part A gives
background and motivation; part B provides an overview of
the state treasury system in Vietnam; part C reviews the
progress in establishing a TSA, including against benchmarks
of international good practice, and makes recommendations
for priority next steps; and part D concludes with a review
of cash management functions. |
| format |
Economic & Sector Work :: Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Implementation of Treasury Single Account and Strengthening of Cash Management in Vietnam |
| title_short |
Implementation of Treasury Single Account and Strengthening of Cash Management in Vietnam |
| title_full |
Implementation of Treasury Single Account and Strengthening of Cash Management in Vietnam |
| title_fullStr |
Implementation of Treasury Single Account and Strengthening of Cash Management in Vietnam |
| title_full_unstemmed |
Implementation of Treasury Single Account and Strengthening of Cash Management in Vietnam |
| title_sort |
implementation of treasury single account and strengthening of cash management in vietnam |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/01/20431619/implementation-treasury-single-account-strengthening-cash-management-vietnam http://hdl.handle.net/10986/20692 |
| _version_ |
1764446987253448704 |
| spelling |
okr-10986-206922021-04-23T14:03:59Z Implementation of Treasury Single Account and Strengthening of Cash Management in Vietnam World Bank ACCESS TO BANK ACCOUNTANT ACCOUNTING AGGREGATE CONTROL ALLOCATION ANALYTICAL CAPACITY APPROPRIATION APPROPRIATIONS ASSET MANAGEMENT BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK DEPOSIT BANK DEPOSITS BANK PAYMENT BANKING SYSTEM BENEFICIARY BOOK ENTRY BORROWING COST BORROWING COSTS BORROWING PLANS BUDGET ALLOCATIONS BUDGET CONTROL BUDGET DEFICIT BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET LAW BUDGET MANAGEMENT BUDGET MANAGEMENT PROCESS BUDGET OPERATIONS BUDGETARY CONTROL BUDGETARY FUNDS BUDGETARY OPERATIONS CAPACITY BUILDING CASH BALANCE CASH BALANCES CASH BASIS CASH FLOW CASH FLOWS CASH HOLDINGS CASH MANAGEMENT CASH POSITION CASH TRANSACTIONS CENTRAL BANK CENTRAL BUDGET CENTRAL GOVERNMENT CIVIL SERVICE CIVIL SERVICE PAY CLEARING HOUSE COLLATERAL COLLATERAL REQUIREMENTS COLLECTED REVENUES COMMERCIAL BANK COMMERCIAL BANK BRANCH COMMERCIAL BANKS COST RECOVERY COSTS OF GOVERNMENT CREDIT RISK CREDIT RISK EXPOSURE CURRENCY CUSTODY DATA ENTRY DEBT ISSUANCE DEBT MANAGEMENT DEBT PAYMENT DEBT SERVICING DEBT SERVICING COSTS DEBT STOCK DEDICATED REVENUE DELEGATION OF AUTHORITY DEPOSIT INSURANCE DEPOSITORS DEPOSITS DOMESTIC DEBT DOMESTIC DEBT SECURITIES DOMESTIC FINANCIAL ASSETS DOMESTIC SECURITY EFFICIENCY GAINS EXPENDITURE EXPENDITURES EXTERNAL FINANCE FINANCIAL ASSET FINANCIAL ASSET MANAGEMENT FINANCIAL ASSETS FINANCIAL BALANCE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT ARRANGEMENTS FINANCIAL MANAGEMENT INFORMATION FINANCIAL MANAGEMENT INFORMATION SYSTEM FINANCIAL MANAGEMENT SYSTEMS FINANCIAL OPERATIONS FINANCIAL PERFORMANCE FINANCIAL RESOURCES FINANCIAL RISK FINANCIAL STATEMENT FINANCIAL TRANSACTIONS FISCAL DATA FISCAL MANAGEMENT FISCAL POLICIES FOREIGN CURRENCY FOREIGN TRADE GOVERNMENT ACCOUNTING GOVERNMENT ACCOUNTS GOVERNMENT BANK GOVERNMENT DEBT GOVERNMENT DEPOSITS GOVERNMENT FINANCE GOVERNMENT FINANCE STATISTICS GOVERNMENT FINANCES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUE GOVERNMENT SECURITIES HEALTH INSURANCE HEALTH INSURANCE FUND HOLDING IDLE CASH IMPLICIT GOVERNMENT GUARANTEES INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTEREST COST INTEREST INCOME INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL DEVELOPMENT INVESTING INVESTMENT ACTIVITIES LIABILITY LIABILITY MANAGEMENT LIQUIDITY LIQUIDITY CONSTRAINTS LIQUIDITY PROBLEMS LOCAL GOVERNMENT MACROECONOMIC POLICIES MARKET INTEREST RATES MINISTRY OF FINANCE MONETARY FUND MONETARY POLICIES MONETARY POLICY NATIONAL SECURITY NET BORROWING PAYMENT PROCESSING PAYMENT SERVICES PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENT TRANSACTIONS PROMISSORY NOTE PROVINCIAL LEVEL PROVISIONS PUBLIC PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC FINANCIAL MANAGEMENT PUBLIC SECTOR PUBLIC SECTOR SPECIALIST REFORM PRIORITIES REFORM PROCESS REGULAR PAYMENT RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES REVENUE SHARING RISK MANAGEMENT SECONDARY MARKET SECURITIES SERVICE PROVISION SETTLEMENT SETTLEMENT SYSTEM SOCIAL BENEFITS SOCIAL INSURANCE SOCIAL INSURANCE FUND STATE BANK STATE BUDGET STATE TREASURY STOCKS SUB-NATIONAL GOVERNMENTS T-BILLS TAX TAX ADMINISTRATION TAX COLLECTION TAX PAYMENTS TAX SHARING TAXPAYERS TERM DEPOSITS TOTAL DEBT TRANSACTION TRANSACTION COST TRANSACTION COSTS TRANSPARENCY TREASURIES TREASURY TREASURY BILLS TREASURY MANAGEMENT TREASURY REFORMS TREASURY STAFF TREASURY SYSTEM TYPES OF REVENUE VALUE PAYMENT SYSTEM VARIABLE COST WITHDRAWAL Vietnam has made progress to improve oversight and control over cash balances for the state budget. The current arrangement however falls short of a treasury single account (TSA), which has led to inefficiencies in the management of cash balances and higher than necessary borrowing costs. In response to this, the Government of Vietnam has embarked on reforms to adopt a TSA and strengthen overall cash management. This policy note provides a review of progress in implementing a TSA system in Vietnam, the remaining challenges and obstacles, and how to overcome these for further TSA and cash management reforms. It is the product of ongoing discussions between the World Bank and the Ministry of Finance. Part A gives background and motivation; part B provides an overview of the state treasury system in Vietnam; part C reviews the progress in establishing a TSA, including against benchmarks of international good practice, and makes recommendations for priority next steps; and part D concludes with a review of cash management functions. 2014-12-12T20:42:48Z 2014-12-12T20:42:48Z 2014-01 http://documents.worldbank.org/curated/en/2014/01/20431619/implementation-treasury-single-account-strengthening-cash-management-vietnam http://hdl.handle.net/10986/20692 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work East Asia and Pacific Vietnam |