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Customs authorities to stop accepting cash

Customs authorities to stop accepting cash

Payments of import-export taxes and fees to customs authorities must all be conducted via cashless payment methods or through credit institutions from the beginning of April, according to a requirement recently issued by the General Department of Vietnam Customs.

Vietnam to facilitate sharing economy

Vietnam to facilitate sharing economy

Vietnam will create conditions for the development of a sharing economy, Deputy Prime Minister Vuong Dinh Hue said at a recent conference about the compilation of a sharing economy model.

SBV sets 2019 credit growth target at 14%

SBV sets 2019 credit growth target at 14%

The State Bank of Vietnam (SBV) has set the 2019 credit growth target equivalent to the previous year at about 14%, according to SBV Deputy Governor Nguyen Thi Hong.

ATM, POS transaction value up 34%

ATM, POS transaction value up 34%

The total value of transactions via the automatic teller machines (ATMs) and points of sale (POS) last year surged sharply by 34% against the previous year.

Digital banking needs framework

Digital banking needs framework

Vietnam needs a legal framework for the development of digital banking, heard a conference held by the State Bank of Vietnam in Hanoi on December 19.

PV Drilling to expand markets abroad

PV Drilling to expand markets abroad

The PetroVietnam Drilling and Well Services Corporation (PV Drilling) plans to expand its coverage in rig and drilling related services provision, to Myanmar, Malaysia and the Middle East, according to General Director Pham Tien Dung.

Festival to celebrate President Ho Chi Minh

Festival to celebrate President Ho Chi Minh

Lang Sen Festival 2016, which will celebrate late President Ho Chi Minh’s 126th birthday, will officially kick off on May 17 in Vinh City and Kim Lien Commune with a variety of activities.

Business knowledge of FTAs limited

Business knowledge of FTAs limited

It is crucial to enhance business understanding of free trade agreements (FTAs) and bilateral investment trades (BITs), experts said.