WB, Japan help Vietnam improve taxation management
The World Bank (WB) and the State Bank of Vietnam on August 2 signed an agreement worth 4.2 million USD in non-refundable aid provided by the Japanese government to launch a taxation system modernisation project in Vietnam.
Hanoi (VNA) – The World Bank (WB) and the StateBank of Vietnam on August 2 signed an agreement worth 4.2 million USD innon-refundable aid provided by the Japanese government to launch a taxationsystem modernisation project in Vietnam.
The project aims to improve the efficiency of taxationmanagement via a complete risk control and information technology system, and tomodernise the tax policy framework.
WB Country Director Ousmane Dione said the project reflectsthe WB’s greater commitment to partnering with Vietnam to improve theefficiency of State budget expenditure and fiscal reform to propel growth.
It will also help analyse the impact of changes to keytaxation policies in line with Vietnam’s tax reform strategy and the bestinternational practices, thus building a legal framework for asset taximposition.
The aid was funded by the Japanese government via the WB-managedhuman resources and policy development programme.-VNA
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At the signing ceremony (Photo: VNA) 
