Representatives of VietinBank’s HCMC branch, District 1’s State Treasury and Saigon Port Customs Office – Zone 3 sign a cooperation agreement in tax and fee collection - Photo: Thanh Ha

The HCMC branch of Vietnam Bank for Industry and Trade (VietinBank) on Thursday clinched a deal with District 1’s State Treasury and Saigon Port Customs Office – Zone 3 to cooperate in tax and fee collection.

Under the deal, the customs office has assigned VietinBank to collect taxes and fees paid by export and import enterprises. The enterprises can pay in cash or via account transfer at all branches and transaction offices of the bank in the city.

Speaking at the signing ceremony Nguyen Trong Hung, deputy head of the HCMC Customs Department, said the move would help quicken customs clearance at ports and reduce time and costs for enterprises.

However, companies still have to pay environment taxes and fines at the customs office.

The Saigon Times Daily