The Vietnam National Petroleum Group (Petrolimex) officially creates and launches electronic invoicing to replace paper invoicing in the whole system of petrol stations and petroleum companies as of April 1, 2018.

The practice is to implement the Ministry of Finance’s Circular 32/2011/TT-BTC dated March 14, 2011 guiding the creation, issuance and use of e-invoices for the sale of goods and provision of services. To that end, Petrolimex started carrying out the electronic billing project on May 19, 2015 and invited bids for selecting a prestigious and experienced solution supplier, that is the partnership VNPT-Vinaphone-Dakta. With the availability of the ERP-SAP management software and EGAS petrol station management system, Petrolimex’s electronic data is a prerequisite for the easy and accurate issuance of electronic invoices throughout the system.

Member of Petrolimex Management Board – Deputy Director General, Head of the Electronic Billing Project Board Tran Ngoc Nam said: “The issuance of electronic billing is an indispensable trend, reducing the burden on administrative procedures, facilitating consumers, and cutting business costs. Additionally, State management bodies will also find it more easier to search for information for examination purpose. The project benefits all, consumers, the State and enterprises as well.”

With the issuance of electronic invoices in the whole system, the supply of quality products such as diesel meeting EURO 5 emissions standards from January 2018 or petrol RON 95 meeting EURO 4 emissions standards from January 2017, Petrolimex asserts its leading position in providing high quality products and professional services.

Key advantages of electronic billing:

• Convenience: Buyers/customers will find it easy to receive e-invoices through email addresses or visit Petrolimex website at http://petrolimex.com.vn
• Safety: E-invoices are stored in the form of data files, safe against the risk of loss, damage or tearing; using e-invoices is convenient for units in looking up and managing goods and costs. Invoices are created in the e-invoice system of Petrolimex; and stored in the form of electronic data in the server system of Petrolimex for 10 years. Data will easily be copied to prevent loss and to be recovered and searched for.
• Cost reduction: Printing cost, machine investment/operation/maintenance costs, storage cost, shipping cost.