BIDV to Collect Import-Export Taxes
The Vietnam Bank for Investment and Development (BIDV) has been assigned to collect taxes, fees, and other charges from import-export activities, according to an agreement signed August 18 in Hanoi with the State Treasury and the General Department of Customs.
The move aims to create better conditions for enterprises to make tax payments more quickly, to speed up customs clearance time and to help raise the efficiency of management of the State budget.
It will also hasten the modernization of these sectors and implement the government’s goal to introduce non-cash payments across the board.
This year, BIDV will conduct import-export tax collections at its branches in the Mekong Delta province of An Giang and then extend collections to other branches throughout the country.
BIDV, the country’s second largest state-owned banks by assets, currently provides a diverse range of modern and high-quality banking products and services.
Earlier, the State Treasury and the General Department of Customs also signed an agreement with the Vietnam Joint Stock Bank for Industry and Trade (Vietinbank) on the same duty. (People’s Police)
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