The State Treasury accepts payment for State budget through Vietinbank POS machines

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Customers who conduct payment for the State budget at the State Treasury may use bank cards issued by Vietinbank or other local credit institutions instead of cash.

According to the State Treasury, with the goal of expanding and enhancing electronic payment through the system of commercial banks to create favourable conditions for the people, the State Treasury together with commercial banks, including Vietinbank as the leading unit in the successful research, development and implementation of the project "Upgrading and implementing the Information System for State Budget Revenues and Bilateral Payment through Commercial Banks".

This was also the aim for quick revenues and performance of timely and accurate safeguarding state budget expenditures, thereby limiting cash flow in the economy.

Till now, the coordination for the State budget revenues between the State Treasury and Vietinbank has been implemented stably and efficiently, bringing many practical benefits. State budget revenues have been quickly and fully concentrated and State budget expenditures have been paid in a timely, accurate and secure manner, contributing to ensuring full and timely benefits and fulfilling responsibilities for the State budget of organizations and individuals.

Currently, the State Treasury system is cooperating with Vietinbank to install POS card payment equipment at the offices of the State Treasury.

Therefore, from 26th April 2017, customers who conduct payment for the State budget at the State Treasury may use bank cards issued by Vietinbank or other local credit institutions instead of cash. Specifically, customers only need to provide a list of tax payment (or administrative fines for violations) and give a bank card to the State Treasury's accounting officer, enter the PIN code POS, print and sign on the receipt. After that, information for payment to the State budget will be transmitted directly to the collecting agency in a timely fashion for recognition of the fulfillment of the customer's tax obligations to implement Customs clearance of goods, saving time and costs for taxpayers.

According to the State Treasury, with the implementation of State budget revenues through POS machines, payers can use bank cards instead of cash to pay to the State budget through the POS system of Vietinbank located in State Treasury offices. As a result, customers can reduce the difficulties of using cash such as trading a large amount of money, counterfeit money, unqualified cash, ensuring safety and security without paying any fees.

In order to replicate State budget collection and payment through POS nationwide, the State treasury system has also cooperated with relevant units to carry out many activities such as business development, software upgrading, standardization of infrastructure and training to prepare the best conditions for connection infrastructure in payment through POS as well as timely handling problems, ensuring smooth, safe and effective operations. Also, actively guiding State budget payers to pay through POS machines located at the offices or points at State Treasury units.

In the context of Vietnam's economic integration into the world economy, the Finance sector in general and the State Treasury system in particular always strive to innovate, carry out administrative procedure reform as well as apply information technology effectively in the application programs to create more favourable conditions for taxpayers.

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The State Treasury has also cooperated with commercial banks to operate effectively in the expansion of technologies to raise the e-revenue collection mode to meet the requirements of the socio-economic development trend, thereby creating the most favourable conditions for taxpayers.