Illustrative image (Source: VNA)
Hanoi (VNA) – The General Department of Vietnam Customs will pilot the electronic tax collection and customs clearance 24/7 with five banks.

The agreement was signed in Hanoi from October 23 with the Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the Vietnam Commercial Bank for Industry and Trade (VietinBank), the Bank for Investment and Development of Vietnam (BIDV), Military Commercial Bank (MB Bank), and the Vietnam Technological and Commercial Bank (Techcombank).

Deputy Director General of Vietnam Customs Nguyen Duong Thai said the project is part of efforts to reform administrative procedures by cutting tax payment and customs clearance time to the average level of ASEAN-4 countries as requested by the government.

It is a key project of the General Department of Vietnam Customs this year to support businesses in tax payment via the Customs e-Payment Portal at round the clock.-VNA