The US’s Daily Hampshire Gazette has said Vietnam took a science-based approach to tackling COVID-19 pandemic.
The State Bank of Vietnam is is urgently working with relevant ministries to finalise the pilot programme of utilising telephone subscription accounts to make small payments, or mobile money.
The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country.
Despite high costs, domestic banks are issuing more chip cards that meet EMV standards to replace magnetic strip cards in order to improve security and meet the central bank’s regulations.
Non-cash payment has been developing sharply in Vietnam recently, and building a digital payment ecosystem is becoming essential to accommodate further growth.
Rising number of Internet users and mobile phone subscribers is smoothing the way for digital banking in Vietnam to thrive, but huge challenges keep lying ahead, according to insiders.
Vietnam's interbank e-payment system handled 37 million transactions worth nearly VND21 quadrillion (US$898.4 billion) in the first quarter of the year, up 23 per cent and 17.8 per cent respectively compared to 2018, according to the State Bank of Vietnam (SBV).
Ho Chi Minh City is expected to have more standardized public restrooms as a private company behind a pilot project to ‘modernize’ public toilets in the southern metropolis has successfully installed four such facilities under a pilot scheme.
Tien Phong Commercial Joint Stock Bank (TPBank) is the first bank in Vietnam to allow cash withdrawals using a QR Code at both its ATMs and Livebank service without needing a card.
The State Bank of Vietnam (SBV) has asked credit institutions and banks to impose limit on cash withdrawal at their automatic teller machines (ATMs) at night, in a bid to protect themselves and their clients.
The Vietnamese Government plans to reduce the cash payment proportion to less than 10% by 2020 and 8% by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.
Vietnam is developing digital banking, but vulnerabilities in cybersecurity remain a barrier to growth.
The State Bank of Vietnam (SBV) will continue managing monetary policy in an active, cautious and flexible manner and combine with other fiscal and macro-economic policies to control inflation, ensure credit institutions’ liquidity, stabilise monetary and foreign exchange markets.
With several local lenders raising fees for cash withdrawals at ATMs, the State Bank of Vietnam is stepping in to slow the ‘fee hike’ race.
The People’s Court of Hanoi on March 14 sentenced three Chinese men, all from Jiangxi province, to up to 42 months in prison for using fake bank cards to steal cash from ATMs.
You want to change VND100,000 into smaller denominations, so you pay VND150,000, a 150% commission or “service charge.”
The State Bank of Vietnam (SBV) has asked the relevant agencies to ensure all automatic teller machines (ATM) are operational in the months approaching Tet (Lunar New Year) holiday, when there is high demand for cash transactions.
A Peruvian man and his five accomplices have been prosecuted for “stealing assets,” Ho Chi Minh City People's Procuracy, the city’s prosecution agency, announced on December 13.
The Prime Minister recently ratified a project to stimulate non-cash transactions in 2016-20 with a view to reducing the cash transactions rate to under 10%.
Crowds of up to 50 people have been seen outside banks even hours before they opened.