Deputy Prime Minister and Minister of Finance Ho Duc Phoc
Date of birth: November 1, 1963
Native land: Quynh Thach commune, Quynh Luu district, Nghe An province
Date of Party admission: July 5, 1993
Education background: Master of Finance-Accounting
Member of the 12th and 13th Central Committee of the Communist Party of Viet Nam
- Deputy to the 14th and 15th National Assembly
Career records
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February 1988 – October1994
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Chief accountant of Quynh Luu District Construction Company; chief accountant of construction unit, Nghe An 7 Construction Company.
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October 1994 – September 1997
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Chief accountant of Construction Investment Project Management Board of Cua Lo town, Nghe An province.
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September 1997 – September 2000
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Head of Finance and Pricing Department of Cua Lo town, Nghe An province.
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September 2000 -May 2004
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Vice Chairman of the People’s Committee of Cua Lo town.
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May 2004 – August 2007
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Chairman of the People’s Committee of Cua Lo town.
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Auugst 2007 – October 2010
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Vice Chairman of the People’s Committee of Nghe A province.
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October 2010 – March 2013
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Chairman of the People’s Committee of Nghe A province.
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March 2013 – April 2016
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Secretary of the Party Committee, Chairman of the People’s Council of Nghe An province, Member of the 12th Central Committee of the Communist Party of Viet Nam.
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April 2016 – April 2021
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Member of the Central Committee of the Communist Party of Viet Nam, Auditor General of Viet Nam, member of the Central Steering Committee for Anti-corruption, deputy to the 14th National Assembly.
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April 2021 – August 2024
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Member of the Central Committee of the Communist Party of Viet Nam, Minister of Finance.
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August 26, 2024-present
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Deputy Prime Minister and Minister of Finance.
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Management areas
a) To oversee and direct the following areas:
- Finance, pricing, monetary-banking, capital market, stock market, financial investment sources, State reserves
- State budget expenditures and use of State budget reserves, financial reserve fund, foreign exchange reserve fund, and other funds of the State; issuance of Government debentures and bonds
- Salary and social insurance policies
- Rearrangement and innovation of State enterprises
- General mechanisms and policies on public asset management
- Information and communications
b) cum Minister of Finance
c) To oversee and direct the Ministry of Information and Communications, the State Bank of Viet Nam, the Commission for Management of State Capital at Enterprises, the Viet Nam Social Insurance, the National Financial Supervisory Commission, the Viet Nam Development Bank, and the Deposit Insurance of Viet Nam.
d) Chairman of the National Advisory Council for Financial and Monetary Policies, Chairman of the National Steering Committee for ASEAN Single Window, National Single Window and Trade Facilitation; Head of the Central Steering Committee for Salary and Social Insurance Policies Reform, Head of the Steering Committee for Development and Renewal of Enterprises, Head of the Steering Committee for Settlement of Shortcomings and Weaknesses of Several Inefficient Projects and Enterprises of the Industry and Trade Sector, Chairman of other national councils and committees and head of other steering committees in relevant fields.