The Bank for Investment and Development of Viet Nam (BIDV) will be one of the first commercial banks in Viet Nam to co-operate with the General Department of Customs to provide 24 hour e-tax payment service.

The service will provide support to businesses to directly pay taxes for customs activities any time, including holidays, and any place with an internet connection.

Payments of enterprises will be confirmed by BIDV and customs clearance procedures will then be complete. This is likely to help shorten time and reduce costs for firms in customs clearance. Firms can also find all their tax payment information at customs offices and enjoy preferential offers from the bank.

The co-operation between the General Department of Customs and BIDV follows the e-tax payment service of banks and the 24-hour customs clearance project. This is considered a breakthrough for the customs sector in terms of reform of administrative procedures, facilitating firms in import-export activities.

Since 2010, BIDV has co-operated with the General Department of Customs to connect the e-payment portal and import-export tax guarantee. The co-operation has contributed to accelerating administrative reform in the tax area.

BIDV has co-operated with the State Treasury of Viet Nam and the General Department of Taxation to develop several convenient payment services for the business community and promote non-cash payment in the country. — VNS