National Assembly deputies have called on the amended Postal Law to tightly regulate cash-on-delivery (COD) funds collected by parcel companies to ensure their safety. The draft, submitted by the Ministry of Science and Technology, allows postal firms to collect sales payments under agreements and states that COD is not payment or intermediary payment activity under banking law. Deputy Nguyen Thi Viet Nga urged that COD funds be kept separate from companies' business capital and that misuse be prevented from the outset, since small sellers may depend on this cash. Deputy Nguyen Ngoc Son warned that COD cash flows may exceed the sector's total revenue yet are not governed by the Postal Law, and proposed minimum principles. The law is scheduled for plenary debate on October 28 and a vote on November 13.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Đề xuất siết quản lý tiền thu hộ COD của doanh nghiệp bưu chính
Read the original on VnExpress ↗
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