One more bank has signed a agreement on coordinating in collection of state budget

VCN- According to a representative of the Import-Export Department, the General Department of Customs has signed an agreement on coordination in collection of state budget with the Sumitomo Mitsui Banking Corporation (SMBC). 
one more bank has signed a agreement on coordinating in collection of state budget
Illustrative photo

This is the 4th foreign bank and also the 29th bank to sign with the General Department of Customs on coordination in collection of state budget.

During the first pilot, SMBC will help the General Department of Customs on collection of state budget in Ha Noi Customs Department and Ho Chi Minh City Customs Department.

SMBC is a large bank of the Sumitomo Mitsui Financial Corporation, a leading financial corporation in Japan and the world. SMBC is one of the first banks in Vietnam, opening representative offices in Ho Chi Minh city on September 12, 1994 and in Ha Noi on December 27, 2004.

As a specialized financial company, SMBC undertakes related services such as banking, lending, investment, securities brokerage, investment funds, currency exchange and credit cards.

By signing the agreement on coordination in collection of state budget with SMBC, the General Department of Customs has strengthened the collection of state budget through commercial banks, especially with foreign banks in order to provide the most convenient and fast Tax service for taxpayers, shorten the time and create more favourable conditions for commercial activities of domestic and foreign enterprises.

Of the 29 banks which signed collaboration agreements with the General Department of Customs there are 4 foreign banks: ANZ, the Bank of Tokyo-Mitsubishi UFJ (BTMU Viet nam), Mizuho Bank and SMBC. SMBC is the third Japanese Bank which has signed coordination in collection of state budget with the General Department of Customs.

By Thu Trang/Ngoc Loan

Same topic: Customs Transparency

Related News

Banks are ready to deploy biometric authentication

Banks are ready to deploy biometric authentication

VCN - According to Decision No. 2345/QD-NHNN dated December 18, 2023 of the State Bank, which will take effect from July 1, money transfer transactions over 10 million VND/time or over 20 million VND/day will require facial authentication. Accordingly, banks are urgently preparing to be ready to implement new regulations within the set deadline.
Ho Chi Minh City: Prosecuting many cases of smuggling and trading counterfeit goods

Ho Chi Minh City: Prosecuting many cases of smuggling and trading counterfeit goods

VCN - The situation of smuggling and trade fraud in Ho Chi Minh City is strictly controlled, but new tricks appear. Authorities have prosecuted many cases criminally.
Lao Cai Customs collects VND 502 billion

Lao Cai Customs collects VND 502 billion

VCN – The revenue collected by Lao Cai Customs Department increases year-on-year but decreases month-on-month.
ABF cooperates and exchanges information for the security and safety of international supply chain

ABF cooperates and exchanges information for the security and safety of international supply chain

VCN - ABF will cooperate and exchanges information related to Authorized Economic Operator (AEO) program, said by Micheal Cymbalista - Counselor of the Australian Border Force (ABF) in the Mekong Region on the sidelines of the 33rd ASEAN Directors-General of Customs Meeting.

Latest News

Two key tasks of digital transformation in 2024 of Customs industry

Two key tasks of digital transformation in 2024 of Customs industry

VCN - On May 28, 2024, the Director General of the General Department of Customs signed Decision 1254/QD-TCHQ on promulgating the Digital Transformation Plan of the General Department of Customs in 2024. In the Plan, the General Department of Customs set out many goals, tasks and solutions to create strong changes in the digital transformation of the entire industry, especially focusing on implementing the Prime Minister's recent direction on digital transformation in the field of customs and Digital Transformation Plan 2024 of the Ministry of Finance.
Vietnam Customs proactively participate in negotiation and develop AHTN Nomenclature

Vietnam Customs proactively participate in negotiation and develop AHTN Nomenclature

VCN - Vietnam Customs has actively participated in negotiating and developing the ASEAN Harmonized Tariff Nomenclature (AHTN) to fulfill its obligations as a member agency. Customs Magazine interviewed Mrs. Dao Thu Huong (pictured), Deputy Director of the Import and Export Duty Department, General Department of Vietnam Customs, to better understand the results that Vietnam Customs has achieved in this work.
Hai Phong Customs processes nearly 250,000 declarations in May

Hai Phong Customs processes nearly 250,000 declarations in May

VCN -In May, the number of declarations processed at Hai Phong Customs Department increased compared to the previous month and the same period last year.
AI application trend in customs management increasingly receiving attention

AI application trend in customs management increasingly receiving attention

VCN - AI application trend in customs management is increasingly receiving attention, said by Mr. Vu Tu Thanh (photo), Regional Deputy Executive Director, US-ASEAN Business Council (US-ABC) in an interview with Customs Magazine reporters on the sidelines of the 33rd ASEAN Customs Directors-General Meeting

More News

Japan Customs applies modern technology to improve management efficiency

Japan Customs applies modern technology to improve management efficiency

VCN – Motivated by the Smart Customs Initiative, Japan Customs will apply modern technology to improve management efficiency of the Customs agency, said by Ms. Sahoko Shiga, Counselor of International Cooperation Division, Customs Division & Tariff Bureau, Ministry of Finance on the sidelines of the 33rd ASEAN Directors-General of Customs Meeting.
Cambodia Customs facilitates fastest movement of goods in transit

Cambodia Customs facilitates fastest movement of goods in transit

VCN – The General Department of Customs and Excise of Cambodia (GDCEC) facilitates goods in transit, prompting movement of goods within ASEAN, said by Mr. Kun Nhem – Minister Attached to the Prime Minister, Director General of the GDCEC on the sidelines of the 33rd ASEAN Directors-General of Customs Meeting.
Imported cars decreased, budget revenue of Ho Chi Minh City Customs encountered difficulties

Imported cars decreased, budget revenue of Ho Chi Minh City Customs encountered difficulties

VCN - Although the import-export turnover of taxable goods through Ho Chi Minh City border gates from the beginning of the year to the end of April 2024 increased, many items with high tax rates and large values ​​decreased, affecting revenue sources of State budget of Ho Chi Minh City Customs Department.
Focusing on human training to meet digital transformation requirements

Focusing on human training to meet digital transformation requirements

VCN - To implement the 2024 Digital Transformation Plan, the General Department of Customs proposed six groups of key solutions, including solutions on human training.
Master plan of border gate area needs to be linked with customs digital transformation

Master plan of border gate area needs to be linked with customs digital transformation

VCN - The land border gate system has developed rapidly in terms of quantity and scale, but to meet the requirements of modern management and facilitate border trade activities, it is necessary to continue building a master plan for the border gate area linked with digital transformation in the customs field.
Dong Nai Customs: Creative solutions to nurture source of revenue

Dong Nai Customs: Creative solutions to nurture source of revenue

VCN - The revenue collection result of Dong Nai Customs Department has shown positive signs. To achieve the goals of revenue collection, many creative solutions have been deployed to nurture sources of revenue and bring practical work efficiency.
Enhancing the effectiveness of e-C/O exchange, creating a favorable business environment

Enhancing the effectiveness of e-C/O exchange, creating a favorable business environment

VCN - Increasing administrative procedures conducted on an electronic platform is an effective approach to improving the business environment, creating favorable conditions, and promoting production and business activities. In this regard, the successful issuance of electronic C/Os between Vietnam and other countries is a significant effort to facilitate export-import growth.
HCMC Customs increase by more than VND36 billion from price ruling

HCMC Customs increase by more than VND36 billion from price ruling

VCN - Through price consultation for imported goods, Ho Chi Minh City (HCMC) Customs Department rejected the declared value for 2,711 declarations, increasing by over VND36 billion to the State budget.
Vietnam Customs makes impression on ASEAN Customs

Vietnam Customs makes impression on ASEAN Customs

VCN - Vietnam Customs wishes and hopes to work with ASEAN Customs towards a common goal in the ASEAN Customs integration process, contributing to successfully realizing the ASEAN Community Vision 2025.
Read More

Your care

Latest Most read
Lao Cai Customs collects VND 502 billion

Lao Cai Customs collects VND 502 billion

VCN - The revenue in May reached VND 99.9 billion, declining 33.5% month-on-month and increasing by 53% year-on-year.
Two key tasks of digital transformation in 2024 of Customs industry

Two key tasks of digital transformation in 2024 of Customs industry

VCN - On May 28, 2024, the Director General of the General Department of Customs signed Decision 1254/QD-TCHQ on promulgating the Digital Transformation Plan of the General Department of Customs in 2024. In the Plan, the General Department of Customs set
Vietnam Customs proactively participate in negotiation and develop AHTN Nomenclature

Vietnam Customs proactively participate in negotiation and develop AHTN Nomenclature

Vietnam Customs has actively participated in negotiating and developing the ASEAN Harmonized Tariff Nomenclature (AHTN) to fulfill its obligations as a member agency.
Hai Phong Customs processes nearly 250,000 declarations in May

Hai Phong Customs processes nearly 250,000 declarations in May

VCN -In May, the number of declarations processed at Hai Phong Customs Department increased compared to the previous month and the same period last year.
AI application trend in customs management increasingly receiving attention

AI application trend in customs management increasingly receiving attention

VCN - AI application trend in customs management is increasingly receiving attention, said by Mr. Vu Tu Thanh (photo), Regional Deputy Executive Director, US-ASEAN Business Council (US-ABC) in an interview with Customs Magazine reporters on the sidelines
Mobile Version