HSBC Viet Nam introduces online tax payment service

HSBC VietNam introduces online tax payment service

HSBC Vietnam has been voted Best Cash Manager in Euromoney poll for the sixth time since 2009.

After four months of preparation, HSBC Vietnam has unveiled an online tax payment system in line with Vietnam’s government direction for e-banking.

HSBC Bank (Vietnam) Ltd. has once again been named Best Cash Manager in Vietnam by the Euromoney Cash Management Awards, the most comprehensive poll of the global cash management sector. It’s the sixth time the bank has earned this honour since 2009.

 The Euromoney poll recognises leadership in cash management by asking cash managers, treasurers and financial officers worldwide to indicate which international banks they currently use for their cash management services and rate services across various categories, such as, effectiveness of cash management solutions, quality of service and support, sophistication of banking technology and systems security.

“It is certainly an honor to be once again named Best Cash Manager in Vietnam. This industry recognised award bears testimony to our hard work in the last 12 months to raise the bar for our bank’s client-oriented services,” said Nguyen Thi My Hanh, Head of Global Payments and Cash Management for HSBC Vietnam. “In particular, we have been investing in electronic banking channels to offer our customers the most efficient banking solutions possible, a move which is in line with the Vietnamese government’s direction.”

Currently, electronic payment within HSBC accommodates 92% of the total payment volume for the corporate segment. HSBC is also one of the first foreign banks to launch an online tax payment platform after signing a cooperation agreement to become an authorised tax collecting bank with the General Department of Taxation in August this year.   

“We have has spent the last four months busily working towards integrating our system with the General Department of Taxation’s Electronic Portal for Online Tax Payment,” said Hanh. “As of 9 December 2015, corporate account holders at HSBC can raise tax payment instruction(s) online through this E-Portal. Besides existing electronic banking channels, corporate account holders now have one more option to settle tax payment obligations.” 

After successfully registering for online tax payment via the E-Portal and with HSBC, corporate customers can raise online tax payment instruction(s) and digitally sign the payment instruction(s) and choose HSBC as the processing bank. The instruction(s) will subsequently be routed to HSBC via HSBC E-Tax Engine and Core-banking system which will debit the customer’s account and settle the customer’s tax obligations. The payment transaction(s) are processed end-to-end automatically to ensure tax confirmation(s) of the payment(s) are issued and reverted to the customer timely via the E-Portal. 

Looking ahead, this is still just the beginning. The development, investment and enhancement of electronic banking channels will be a continuous priority for HSBC in order to bring even greater convenience to our customers whenever and wherever they bank with HSBC,” said Ms. Hanh. 

Davi Nguyen
Source: HSBC Viet Nam


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Travel Info Market: HSBC Viet Nam introduces online tax payment service
HSBC Viet Nam introduces online tax payment service
HSBC VietNam introduces online tax payment service
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