Banking fees reduced for businesses providing transportation services

The National Payment Corporation of Vietnam (NAPAS) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on April 16 announced a COVID-19 discount programme for businesses providing transportation services.

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Enterprises providing transportation services including Vietnam Airlines, Vietjet Air, Bamboo Airways and Vietnam Railways which pay fees through the NAPAS electronic payment gateway are eligible for exemptions or reduction of fees. (Photo: Vietnam Airlines)

From April 10 to December 31, NAPAS is offering free transactions and coordinating with Vietcombank to reduce up to 35% of fees for both electronic payments and support services.

Enterprises providing transportation services including Vietnam Airlines, Vietjet Air, Bamboo Airways and Vietnam Railways which pay fees through the NAPAS electronic payment gateway are eligible for exemptions or reduction of fees.

This is NAPAS’s third service discount programme in 2020 to share difficulties with businesses.

According to the General Statistics Office of Vietnam, the COVID-19 pandemic has had a big impact on transportation activities, of which passenger transport has been heavily affected with a year-on-year drop of 22.8% in March alone. The aviation and railway sectors recorded declines of 29% and 50%, respectively.

VNA