Increase investment in cashless payments in budget revenue and expenditure

The Minister of Finance said that in the coming time, the financial sector will increase investment in upgrading payment infrastructure and complete many legal documents to promote state budget revenue and expenditure through non-cash payment methods.

Speaking at the Workshop on Improving Security and Safety of Non-Cash Transactions organized by the Payment Department, the Communications Department (SBV) in collaboration with Tuoi Tre Newspaper on the afternoon of April 16 in Ho Chi Minh City, Minister of Finance Ho Duc Phoc said that in the coming time, the Ministry of Finance will continue to improve the legal framework and mechanisms and policies on non-cash payments in State budget revenue and expenditure. At the same time, upgrade and develop a modern, safe, effective and interconnected payment infrastructure; promote State budget revenue and expenditure through non-cash payment methods;...

Minister of Finance Ho Duc Phoc speaks at the Workshop

Mr. Phoc said that currently, cashless payment activities have been actively implemented by the Finance sector. Accordingly, regarding budget collection, the General Department of Taxation, the General Department of Customs and the State Treasury are constantly expanding their coordination in budget collection with commercial banks. To date, more than 99% of budget collection transactions have been carried out using non-cash payment methods.

Regarding budget expenditures, the State Treasury has completed providing level 4 online public services for all administrative procedures and integrated them into the National Public Service Portal, and widely deployed automatic payments for electricity, water, and telecommunications expenses according to the authorization documents of budget spending units.

“Currently, more than 40,000 budget-using units have authorized the State Treasury to automatically pay electricity, water, and telecommunications expenses on the online public service system with a total payment amount of more than VND3,000 billion. In addition, the tax authority has connected electronic tax payment with 57 commercial banks to deploy a variety of electronic tax payment methods,” Mr. Phoc informed.

According to the Minister of Finance, currently, regarding security, the Finance sector has directed organizations to monitor network security 24/7 to detect and handle cyber attacks early. At the same time, step up inspection and assessment of information system security before putting it into use and periodically during use. In addition, connect and share information on malware and network security monitoring information with the National Cyber ​​Security Monitoring Center under the Ministry of Information and Communications; prepare to connect and share network security monitoring information with the National Cyber ​​Security Center under the Ministry of Public Security.

Source: https://thoibaonganhang.vn/tang-dau-tu-cho-thanh-toan-khong-tien-mat-trong-thu-chi-ngan-sach-152615.html