Vietnam - Korea Tax Cooperation: Modernization Breakthrough

March 11, marked a significant step forward in the cooperative relationship between Vietnam and South Korea in the field of taxation. The General Department of Taxation of Vietnam and the National Tax Service of Korea held a high-level bilateral meeting and solemnly signed a Bilateral Cooperation Agreement, demonstrating a strong commitment to improving tax management efficiency and promoting the modernization of the tax industry.

Cordial Meeting And Advancement Of Vietnam-Korea Tax Cooperation

In a friendly and open atmosphere, the Director-General of the General Department of Taxation of Vietnam, Mr. Mai Xuan Thanh, warmly welcomed the Commissioner of the National Tax Service of Korea, Mr. Kang Min Su, and his delegation to visit and work at the General Department of Taxation of Vietnam. Director-General Mai Xuan Thanh emphasized that this event is not only a milestone in the tax cooperation relationship between the two countries but also vivid proof of the good strategic partnership between Vietnam and South Korea. He also shared about the 20-year journey of meaningful tax cooperation between the two agencies.

20 Years Of Bilateral Tax Cooperation: Solid Foundation And Remarkable Achievements

Reviewing the 20-year journey of cooperation, Director-General Mai Xuan Thanh proudly shared that this is the 20th time the two tax agencies have come together within the framework of the Bilateral Cooperation Agreement. This enduring cooperation has created a solid foundation for both sides to exchange valuable experiences, improve tax management capacity, and especially coordinate smoothly in combating tax fraud. As a result, the tax authorities of the two countries have continuously improved policies, enhanced management efficiency, and better met the increasing demands of the modern era.

Tax Cooperation In The Digital Age: Enhancing Capacity And Sharing Modernization Experiences

Amidst the strong development of the digital economy, Director-General Mai Xuan Thanh particularly emphasized the importance of maintaining and expanding international cooperation, especially with the National Tax Service of Korea – an agency with extensive experience in tax management and administrative reform. He affirmed that cooperation not only helps improve tax policies but also strengthens management capacity, meeting the increasing demands of the digital economy. The Vietnamese tax industry is making strong efforts in digital transformation, applying technology to optimize management and improve service quality for citizens and businesses. Experiences from Korea are considered an invaluable reference for Vietnam in this process.

Korea Highly Appreciates Cooperation And Learns From Vietnam’s Digitalization Experiences

Commissioner Kang Min Su expressed his sincere thanks to the General Department of Taxation of Vietnam for its close, effective, and goodwill-filled cooperation over the past time. He believes that, with a spirit of cooperation and high determination, the two tax agencies will continue to achieve many new successes, contributing to the sustainable development of both nations. Within the framework of the working session, the two tax agencies focused on exchanging and sharing successful examples in digitalizing tax management. Commissioner Kang Min Su expressed his belief that practical experiences from Vietnam will be invaluable lessons, helping the Korean Tax Service to further improve its management model towards being more modern, transparent, and efficient.

The two sides also discussed the National Tax Service of Korea and KOICA’s support for the General Department of Taxation of Vietnam in the Consulting Project on business process re-engineering and information technology system architecture design in tax administration, demonstrating broad and comprehensive cooperation.

Extension Of Cooperation Agreement: Commitment To A Common Development Future

A significant milestone of the working session was the Signing Ceremony of the 4th Extension of the Bilateral Cooperation Agreement between the General Department of Taxation of Vietnam and the National Tax Service of Korea. The continued extension of this Cooperation Agreement not only further strengthens the sustainable cooperative relationship between the two tax agencies but also opens up new opportunities for both sides to exchange, learn, and jointly address common challenges in the field of tax management.

The bilateral meeting and the signing ceremony of the cooperation agreement between the General Department of Taxation of Vietnam and the National Tax Service of Korea were successful, marking an important step forward in the cooperative relationship between the two countries. This event affirms the strong commitment of both Vietnam and South Korea to strengthen cooperation, share experiences to improve the efficiency of tax management, towards the goal of building a modern tax industry, meeting the development requirements of the digital economy and international integration.