Over 644,000 payment transactions with a total value of more than VND279 billion (over US$11.8 million) were processed through the National Public Service Portal in January, according to the Ministry of Information and Communications.

Weak banks that are restructuring will be the target of merger and acquisition (M&A) deals in the near future as the Government is strongly promoting the restructuring of the country’s finance and banking industry.

The annual merge and acquisition forum (M&A Vietnam Forum) in 2022 will be held in Ho Chi Minh City on November 23, according to the organising board.

Legislators are scheduled to discuss in groups the draft Law on Protection of Consumer Rights (revised) and draft E-Transaction Law (revised) on November 2 during the ongoing fourth session of the 15th National Assembly (NA).

Minister of Information and Communications Nguyen Manh Hung on October 25 presented the draft revised the Law on Electronic Transactions to the 15th National Assembly (NA) at its ongoing fourth session.

Deputies to the 15th National Assembly (NA) are scheduled to debate the draft Law on E-Transactions (revised) and draft Inspection Law (revised) on October 25 during their ongoing fourth session.

The 15th National Assembly (NA) continued its fourth session on October 24 – the fourth working day, with the draft revised law on medical examination and treatment among issues under consideration.

After seeing positive results in the first half of 2022, mergers and acquisition (M&A) activities in Vietnam are forecast to slow down in the second half as investors become more conservative about several macro trends impacting the country’s economy.

The local banking sector, currently undergoing drastic restructuring, will have more opportunities to improve its financial capacity, learn modern business models and management from UK partners after the UK-Vietnam Free Trade Agreement (UKVFTA) takes effect, according to banking insiders.

Vietnamese e-commerce is growing, creating many opportunities to generate jobs, develop the private sector economy and increase revenue for the State budget. However, preventing tax losses in this business requires improving mechanisms and policies.