The Vietnam National Petroleum Group (Petrolimex) will officially create and issue e-invoices at 0:00 on January 1, 2018, replacing the traditional paper invoices. The implementation will be carried out step by step, in which the Parent Company - the Group - and Petrolimex Ha Son Binh will take the lead and other Petrolimex member companies are expected to use e-invoices as of April 1, 2018.
Petrolimex’s issuance of e-invoices accords with the Ministry of Finance’s Circular No 32/2011/TT-BTC dated March 14, 2011 which guides the creation, issuance and usage of e-invoices in the sale of goods and provision of services. To implement the Circular, Petrolimex has researched and carried out the e-invoice project since May 19, 2015, and chose the VNPT-Vinaphone-Dakta Joint Venture through bidding as a prestigious and experienced supplier of solutions. With advantages available including the ERP-SAP human resource management software and petrol station management system - EGAS, Petrolimex’s electronic database is a premise for the convenient and accurate issuance of e-invoices throughout the whole system. On the other hand, the issuance of e-invoices will facilitate the effective use of the information technology system in the enterprise’s business and production activities, which is in line with the fourth industrial revolution 4.0, contributing to reducing costs and making petroleum business transparent.
Petrolimex Board of Management member – Deputy Director General and Head of E-Invoice Project Board Tran Ngoc Nam said: “The issuance of e-invoices is an indispensable trend, which helps reduce burdens to administrative procedures, facilitate consumers, and lessen business costs. Additionally, State management bodies will find it easier to search for information to control. This practice will benefit all, consumers, the State and enterprises.”
In addition to the supply of high quality products including EURO 5 standard diesel fuel from January 2018, and EURO 4 standard RON 95 petrol from January, 2017, the issuance of e-invoices at the beginning of 2018 further demonstrates Petrolimex’s leading position, always pioneering to provide customers with high quality products and professional services.
Key advantages of e-invoices:
Petrolimex’s roadmap of electronic bill payment application: