The Ministry of Finance has announced it may further extend tax payment deferrals to support companies suffering from the COVID-19 pandemic this year.

Revenues posted by e-commerce platforms for January were up 30% year-on-year despite there being fewer promotions than in previous years, figures from the Ministry of Industry and Trade and the platforms reveal.

The Ministry of Finance has submitted a proposal to the Government seeking approval to create a decree expanding the timeframe for tax and land lease payments.

The growing demand for imported products in Vietnam and other markets will fuel runaway growth for cross-border e-commerce. However, the speed of expansion could also impose a burden on the government as it looks to efficiently supervise the fresh business model.

The world leader in digital payments Visa and global cross-border peer-to-peer (P2P) payments and money transfer service provider MoneyGram International recently launched a real-time P2P payment solution to Vietnam.

The Vietnam Social Security (VSS) will step up the application of information technology, and carry out digital transformation in a comprehensive manner so as to better serve businesses and people, especially amid the COVID-19 pandemic.

As one of the fastest-growing economies in Southeast Asia and with considerable volumes of FDI, Vietnam is adopting modern technology to enhance digital payments nationwide, global digital payment provider Visa has reported.

The National Payment Corporation of Vietnam (Napas) and seven domestic banks recently launched domestic credit chip cards with unified standards to promote cashless payments and tackle black credit.

With a sharp drop in revenue from traditional telecommunications services, carriers are rapidly transforming their digital strategy.

The National Payment Corporation of Vietnam (Napas) last week said it will work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.