Military Commercial Joint Stock Bank (MB) has officially entered into a strategic partnership with the General Department of Taxation and 33 local tax authorities to accelerate the digitalization of tax administration in Vietnam. This move is designed to make it easier for small and medium-sized enterprises (SMEs), household businesses, and individual entrepreneurs to fulfill their fiscal obligations through the integration of digital banking platforms.
MB's General Director, Pham Nhu Anh, stated that this initiative aims to simplify the tax workflow from registration to reporting. By leveraging MB's technological infrastructure, taxpayers can now integrate their bank accounts directly into the e-tax platform, promoting a more transparent and efficient cashless payment system.
In its implementation, MB introduced three main pillars of digital solutions: business setup assistance through MBBank BIZ, tax management education for business owners, and the provision of automated credit facilities. Unsecured loan facilities of up to VND 5 billion can now be accessed online with a fast disbursement process, based on the tax compliance track record of the business owners.
In addition, MB launched the 'MB Seller' suite of solutions, which offers five pillars of operational convenience for entrepreneurs, including cash flow management, capital efficiency, and e-invoice automation. This system enables the systematic separation of personal and business finances, which will ultimately enhance the financial credibility of business owners in the eyes of banks.
The General Department of Taxation, through Deputy Director Mai Son, welcomed this collaboration. He emphasized that the data transparency resulting from this synergy not only supports real-time state revenue collection but also helps the private economic sector grow more sustainably amidst the massive era of digitalization.
