Tag: payments
Vietnam to pilot Mobile Money service for two years
Vietnam will pilot Mobile Money service across the country for two years before officially launching it, according to Deputy Governor of the State Bank Dao Minh Tu.
Trade office issues warning over fraud in transactions with Benin businesses
The Vietnam Trade Office in Morocco, also in charge of Benin, has warned Vietnamese exporters in general and those engaged in beverage export in particular, to seek full information about importers before conducting transactions with partners from Benin to avoid being a victim of fraud.
Land rent cut by 30% for those hit by pandemic
Prime Minister Pham Minh Chinh has decided to reduce land rent by 30% for those affected by the COVID-19 pandemic this year.
HCM City wants tax reduction for COVID-19 affected businesses
The Ho Chi Minh City People’s Committee has made several suggestions for the Ministry of Finance’s decree to support businesses and individuals affected by the COVID-19 pandemic, including ensuring bank lending rates are no more than 2% higher than deposit interest rates.
High-level webinar looks into digital economic development
A high-level webinar on digital economy – the key of growth in new normal context took place on September 16, under the sponsorship of the Party Central Committee’s Economic Commission, in coordination with the Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade.
Decree for Fintech sandbox to be submitted in Q4
The Government has issued a resolution to create a sandbox for financial technology (fintech) in the country’s banking sector.
COVID-19: SBV issues new document on rescheduling of debt payments
The State Bank of Vietnam (SBV) on September 7 issued a circular directing foreign credit institutions and bank branches to reschedule debt payments, waive and reduce borrowing interest and fees, and maintain the groups in order to support customers affected by the COVID-19 pandemic.
Calls for cashless payments to take-off in Vietnam
The prolonged COVID-19 pandemic has unexpectedly created "golden" conditions for the financial industry to accelerate digital transformation and shift to cashless payments.
Vietnam to prioritise vaccines, tax exemptions, interest rate cuts
The Ministry of Planning and Investment (MPI) has consulted community businesses to develop the Government's resolution on supporting businesses during the COVID-19 pandemic.
Mobile payment users in Vietnam rank third in the world
The rate of mobile payment in Vietnam is estimated at 29.1%, the third-highest in the world, according to Statista Digital Market Outlook.
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