HÀ NỘI — Orient Commercial Joint Stock Bank (OCB) on Thursday signed a memorandum of understanding with the General Department of Taxation of Vietnam to support business households during the transition from the lump-sum tax regime to declaration-based tax method, while promoting electronic tax payment and cashless transactions.

Following an earlier agreement with the HCM City Tax Department, OCB has expanded cooperation with 26 local tax authorities nationwide. The signing ceremony took place simultaneously in Hà Nội and was connected online to 25 locations across provinces and cities.

Under the agreement, OCB will work with tax agencies to provide guidance and advisory services, helping taxpayers access digital solutions more easily and effectively. The bank will also offer financial products and services with optimised fee policies, assisting household businesses and newly established enterprises in adopting modern management tools.

OCB said it would continue improving financial-technology solutions to deliver governance tools tailored to the needs of small businesses. Through the partnership, both sides expect to increase electronic tax payments and encourage wider adoption of cashless methods, supporting the Government’s digital transformation strategy.

OCB Chief Executive Officer Phạm Hồng Hải said the partnership with tax authorities provides an important foundation for coordinated solutions that help the business community operate transparently, comply with regulations and develop sustainably in the digital era. — VNS