Electronic payments have improved the Government's ability to collecttaxes and other duties, said Deputy General Director of the CustomsDepartment Hoang Viet Cuong.
Cuong said theapplication has made the customs sector more effective and the tool hasreduced the work load at customs offices.
Figuresfrom the Information and Technology Department and Customs Statisticsshowed that the number of import-export businesses, customs declarationsand annual tax revenues have rapidly increased.
There were more than 4.1 trillion customs declarations last year, while there were only 1.94 million in 1994.
The State budget increased from 53.1 trillion VND (2.47 billion USD)in 1995 to 181 trillion VND (8.4 billion USD) last year.
The sector has been coordinating with financial institutions and bankswith the hopes that the groups will be the foundation for implementinge-payments throughout the industry.
Deputy generaldirector of the VietnamBank for Industry and Trade (Vietinbank) NguyenViet Manh said projects between Vietinbank, Customs Department and theState Treasury have led to progress. More than 100 trillion VND in taxrevenue has been paid through Vietinbank since 2009.
During the pilot period of implementing the new method, the sector hassigned bilateral agreements with three banks including the Bank forInvestment and Development of Vietnam (BIDV), Vietinbank and the Bankfor Agriculture and Rural Development (Agribank).
Businesses have also responded to the application. A representative fromFPT said using the application to pay for taxes could be immediatelyimplemented within their company, which will help enterprises reducetheir costs by 10 million VND (465 USD) a month.
TheGeneral Customs Department was expected to officially launch the pilotproject for the State budget collection and tax guarantee at the CustomsAgency of North Hanoi and Hanoi Customs Department on March 28. /.
Cuong said theapplication has made the customs sector more effective and the tool hasreduced the work load at customs offices.
Figuresfrom the Information and Technology Department and Customs Statisticsshowed that the number of import-export businesses, customs declarationsand annual tax revenues have rapidly increased.
There were more than 4.1 trillion customs declarations last year, while there were only 1.94 million in 1994.
The State budget increased from 53.1 trillion VND (2.47 billion USD)in 1995 to 181 trillion VND (8.4 billion USD) last year.
The sector has been coordinating with financial institutions and bankswith the hopes that the groups will be the foundation for implementinge-payments throughout the industry.
Deputy generaldirector of the VietnamBank for Industry and Trade (Vietinbank) NguyenViet Manh said projects between Vietinbank, Customs Department and theState Treasury have led to progress. More than 100 trillion VND in taxrevenue has been paid through Vietinbank since 2009.
During the pilot period of implementing the new method, the sector hassigned bilateral agreements with three banks including the Bank forInvestment and Development of Vietnam (BIDV), Vietinbank and the Bankfor Agriculture and Rural Development (Agribank).
Businesses have also responded to the application. A representative fromFPT said using the application to pay for taxes could be immediatelyimplemented within their company, which will help enterprises reducetheir costs by 10 million VND (465 USD) a month.
TheGeneral Customs Department was expected to officially launch the pilotproject for the State budget collection and tax guarantee at the CustomsAgency of North Hanoi and Hanoi Customs Department on March 28. /.
