Conditions for implementing electronic transactions in the operations of the State Treasury of Vietnam

This is one of the fundamental contents stipulated in Circular 133/2017/TT-BTC regulating electronic transactions in State Treasury operations, which was issued on December 15, 2017. The conditions for conducting electronic transactions in State Treasury operations in Vietnam are as follows:

1. Conditions for Electronic Transactions between transaction entities and the State Treasury of Vietnam, including:

- Transaction entities must have a valid digital certificate issued by a public digital signature certification service provider or granted by a specialized digital signature certification service provider for agencies within the political system;

- Transaction entities must have computers and internet connections; have one email address notified to the State Treasury of Vietnam for use in all transactions on the State Treasury of Vietnam Public Service Information Portal;

- Transaction entities must have a participation notification and be approved and granted an account to access the State Treasury of Vietnam Public Service Information Portal to use the online public services of State Treasury of Vietnam.

2. Conditions for Electronic Transactions between State Treasury of Vietnam and the State Bank of Vietnam and commercial banks for interbank electronic payments are implemented according to current regulations of the State Bank of Vietnam.

3. Conditions for Electronic Transactions between State Treasury of Vietnam and the commercial bank where the account is opened regarding centralized bilateral electronic payments and the organization of NSNN collection coordination are implemented according to an agreement between State Treasury of Vietnam (Central) and each commercial bank system, in accordance with legal regulations.

4. Conditions for Electronic Transactions between State Treasury of Vietnam and information-providing entities are implemented according to the Ministry of Finance's regulations on implementing Decree 25/2017/ND-CP.

5. Conditions for Electronic Transactions between State Treasury of Vietnam and other organizations are implemented according to an agreement between State Treasury of Vietnam (Central) and each of those organizations, in accordance with legal regulations.

This content is regulated in Article 5 of Circular 133/2017/TT-BTC which takes effect from February 1, 2018.

- Nguyen Trinh-

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