SeABank and State Treasury sign agreement on budget collection and electronic bilateral payment

Update: 09:43 | 26/06/2020
TGVN. The cooperation with the State Treasury will also help SeABank effectively use resources to improve the quality of payment services for customers, opening new payment channels for utilities.
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At the ceremony.

On June 24, the Southeast Asia Commercial Joint Stock Bank (SeABank) and the State Treasury signed an agreement on coordination of state budget collection and electronic bilateral payments to connect and exchange electronic data, ensuring fast, accurate and safe state budget collection activities; at the same time, creating favorable conditions to support people and businesses better when performing obligations to the State Budget and strengthening administrative reform, reducing cash transactions through the State Treasury.

Accordingly, SeABank became one of the first joint stock commercial banks in 2020 to implement bilateral cooperation with the State Treasury in the field of coordination of state budget collection and cash collection mandate.

Under the agreement, SeABank and the State Treasury will connect and exchange electronic information and data on state budget collection; coordinating in opening and using the specialized account of the State Treasury at SeABank to perform the collection of state budget. Through this, all State budget revenues through SeABank will be recorded directly into the State Treasury's specialized accounts system at SeABank instead of having to spend time transferring through the State Treasury's accounts at other banking systems. Thereby, both focusing on the state budget revenues quickly, and overcoming basically the situation of the transfer of state budget receipts from commercial banks to the State Treasury or missing information, ensuring data consistency between agencies, revenue management units and collecting banks, creating a premise for implementing advanced and modern management tools and methods.

The signing of this agreement is also consistent with the State Treasury's efforts to accelerate administrative reform and modernization in recent years to achieve the goals of the State Treasury strategy is to build an electronic treasury, proceed to the “3-No” treasury: "No customers at the office", "No cash" and "No papers".

The cooperation with the State Treasury will also help SeABank effectively use resources to improve the quality of payment services for customers, opening new payment channels for utilities. SeABank is a recognized and assessed unit that satisfies all conditions on safety level, advanced information technology platform, connectivity, especially for digital/ electronic services, accelerate connection and transaction processing across SeABank's network to customers ...

About SeABank

Established in 1994, SeABank is one of the leading joint stock commercial banks in Vietnam with 1.2 million customers, more than 4,000 employees and nearly 170 transaction points nationwide. SeABank's goal is to become a leading retail bank with a customer-centric strategy by offering a wide range of financial products and services to individuals, small businesses and large businesses. SeABank is considered as one of the key banks in the system of banks with a charter capital of VND 9,369 billion.

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