Thai Nguyen Banks Collect State Budgets

9:23:38 AM | 12/12/2011

The State Treasury of Thai Nguyen province has recently collaborated with the Thai Nguyen Taxation Department, the Thai Nguyen Customs Department, the Vietnam Bank for Investment and Development (BIDV) - Thai Nguyen Branch, and the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) - Song Cong Branch to sign an agreement under which State budgets will be collected by signing commercial banks.
This agreement aimed at expanding non-cash payment in the course of collecting and paying taxes, at reforming administrative procedures to boost up transparency and simplicity; and at creating favourable conditions for taxpayers. After it deployed, the State Treasury of Thai Nguyen province expanded the power of proxy to the Vietnam Bank for Agriculture and Rural Development, Vietinbank - Song Cong Branch, and Cao Bang Customs Department.
At first, these units collect budget revenues by means of bank transfer for the State Budget. For cash receipts, the State Treasury of Thai Nguyen province will grant authorisation after obtaining the consent of the superior State Treasury.
Anh Son- Thu Ha