An electricity bill. Vietnam is promoting cashless payment of public service charges. (Photo: thanhtra.com.vn) Hanoi (VNS/VNA) - Payments of import-export taxes and fees to customsauthorities must all be conducted via cashless payment methods or throughcredit institutions from the beginning of April, according to a requirementrecently issued by the General Department of Vietnam Customs.
The move is an effort by the customs authorities to promote cashless payment toaid in Vietnam’s shift towards e-Government and a non-cash economy.
Under the new rule, all taxes and fees must be paid via bank transfer to thecustoms authorities’ account at the State Treasury.
The General Department of Customs askedprovincial and municipal customs departments to cooperate with branches ofcommercial banks and the State Treasury to ensure convenience for firms payingcustoms taxes and fees.
Cooperation between banks and public agencies hasimproved the quality of public services, and experts have said citizens arethose who benefit the most from the change.
According to Bui Sy Loi, Vice Chairman of the National Assembly’s Committee forSocial Affairs, paying public service charges via banks makes management easierand ensures transparency. Cashless payments will also save time and money forthe State budget.
Loi said running the payments through banks would increase cash flow andsupport the economy by shortening the timeframe for capital rotation.
Cashless payments are increasing being used for public services in a number ofsectors, such as utility bills, healthcare and social insurance, according toPham Tien Dung, Director of the State Bank of Vietnam’s Payment Department.
Statistics showed that as of the end of 2018, around 50 banks were cooperatingwith tax and customs authorities to collect taxes online in all 63 provincesand cities. Twenty-seven were allowing online payment of electricity bills in63 provinces, while 26 were providing the service for water bills in more than20 provinces and cities, 11 were allowing collection of tuition, six werecovering payment of healthcare services fees at six major hospitals and fivewere providing pensions and social welfare.
Cashless payment is a rapidly increasing trend in Vietnam, Dung said, adding that the State Bank of Vietnam would cooperate with the Ministry of Finance todetail the list of transactions that must be conducted via banks to improvetransparency, management and the development of the non-cash economy.
The application of QR codes and mobilepayments will also be sped up.
Inlate February, the governor of the central bank issued a decision to establisha steering committee for building e-Government for the banking sector. In early2018, the Government approved a project on transitioning payment forpublic services away from cash and towards banking services.
Theproject targeted having 80 percent of tax payments in cities conducted throughbanks and State Treasury branches. By 2020, the project plans to ensure allprovinces and cities have cashless payment systems.-VNS/VNA
The move is an effort by the customs authorities to promote cashless payment toaid in Vietnam’s shift towards e-Government and a non-cash economy.
Under the new rule, all taxes and fees must be paid via bank transfer to thecustoms authorities’ account at the State Treasury.
The General Department of Customs askedprovincial and municipal customs departments to cooperate with branches ofcommercial banks and the State Treasury to ensure convenience for firms payingcustoms taxes and fees.
Cooperation between banks and public agencies hasimproved the quality of public services, and experts have said citizens arethose who benefit the most from the change.
According to Bui Sy Loi, Vice Chairman of the National Assembly’s Committee forSocial Affairs, paying public service charges via banks makes management easierand ensures transparency. Cashless payments will also save time and money forthe State budget.
Loi said running the payments through banks would increase cash flow andsupport the economy by shortening the timeframe for capital rotation.
Cashless payments are increasing being used for public services in a number ofsectors, such as utility bills, healthcare and social insurance, according toPham Tien Dung, Director of the State Bank of Vietnam’s Payment Department.
Statistics showed that as of the end of 2018, around 50 banks were cooperatingwith tax and customs authorities to collect taxes online in all 63 provincesand cities. Twenty-seven were allowing online payment of electricity bills in63 provinces, while 26 were providing the service for water bills in more than20 provinces and cities, 11 were allowing collection of tuition, six werecovering payment of healthcare services fees at six major hospitals and fivewere providing pensions and social welfare.
Cashless payment is a rapidly increasing trend in Vietnam, Dung said, adding that the State Bank of Vietnam would cooperate with the Ministry of Finance todetail the list of transactions that must be conducted via banks to improvetransparency, management and the development of the non-cash economy.
The application of QR codes and mobilepayments will also be sped up.
Inlate February, the governor of the central bank issued a decision to establisha steering committee for building e-Government for the banking sector. In early2018, the Government approved a project on transitioning payment forpublic services away from cash and towards banking services.
Theproject targeted having 80 percent of tax payments in cities conducted throughbanks and State Treasury branches. By 2020, the project plans to ensure allprovinces and cities have cashless payment systems.-VNS/VNA
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