ACB promotes bilateral payment implementation with Ho Chi Minh City State Treasury

(Ho Chi Minh City) – With the trust of the Central State Treasury on the implementation of bilateral payment of the entire State Treasury system in 64 provinces, on April 26, ACB and the State Treasury of Ho Chi Minh City approved organize a preliminary conference on pilot review and implementation of expanded bilateral payment in the city. The cooperation creates many advantages for taxpayers, contributing to the reform of administrative procedures, processes and procedures in state budget revenue and expenditure.

Specifically, current taxpayers can  pay taxes anywhere, anytime through eTax online application, ACB ONE Digital Banking application in addition to the tax payment service at the counter deployed at 384 Transaction Office, ACB Branch. In addition, the revenues of the State Treasury will be realized quickly, creating favorable conditions for proactive management of the treasury. For ACB, the bank has more opportunities to approach and accompany more customers by providing public services to the Government.

Mr. Tu Tien Phat - General Director of ACB - said: “ACB with the advantage of technology and a nationwide distribution channel network will help the revenue connection system between the State Treasury and ACB to be transparent and secure. full, fast. Taxpayers will have more convenient payment channel options and especially will promote cashless payments.”

In the first quarter of 2023, ACB promoted digital transformation, controlled costs and operational efficiency, and brought the cost-to-revenue (CIR) ratio down to 32%, and the group's pre-tax profit was 32%. VND 5,156 trillion, up 25% over the same period and completing 26% of the year plan. In the first quarter of 2023, a loan package with a preferential interest rate of 3% was deployed with a scale of 20 trillion VND, and at the same time reduced the interest rate by 1-2% for existing loans until the interest rate change period. ACB. ACB's bad debt ratio remained below 1%. ACB's capital adequacy ratio reached 13.4%, far exceeding the minimum requirement of 8% of the State Bank.