Banks battle Tet ATM overload

As demand for cash withdrawals at ATMs doubles or triples around the Lunar New Year (Tet) holiday, banks are recommending customers use electronic payment or scan their cards at POS machines or use quick response (QR) codes instead of withdrawing cash at ATMs.
Banks battle Tet ATM overload ảnh 1A long queue in front of ATMs due to shopping demand near the Tet holiday, near Hoa Lac Highway, Hanoi (Photo: VNA)

Hanoi(VNA) - As demand for cash withdrawals at ATMs doubles or triples around the LunarNew Year (Tet) holiday, banks are recommending customers use electronic paymentor scan their cards at POS machines or use quick response (QR) codes instead ofwithdrawing cash at ATMs.

Hoang Anh Tuan,Vietcombank’s director of cash processing centre, recommended customers usepayment cards, credit cards or other forms of electronic transactions viainternet banking, mobile banking and money transfers to minimise the need towithdraw cash.

On the other hand,at the time before and during the Tet holiday, banks as well as goods andservices suppliers have many promotions and discounts for customers when usingcards. “This is also an opportunity for customers to save some costs,” Tuantold the Vietnam News Agency.

To support customerswhen shopping or paying bills without using the cards or cash, Vietnam MaritimeCommercial Joint Stock Bank (Maritime Bank) recently introduced the paymentfeature using QR codes on mobile banking.

According to thelatest statistics released by the State Bank of Vietnam, the country has morethan 127 million banking cards of all kinds, more than 17,300 ATMs and 260,000POS machines.

Despite the ceaseless increase in the number of ATMs and POSs, with thedemand for cash withdrawal during the days near Tet, ATMs have becomeobstructed. –VNA 

VNA

See more

Secretary of the Lao Cai provincial Party Committee and Chairman of the People’s Committee Trinh Xuan Truong discusses potential collaboration with Israeli Ambassador to Vietnam Yaron Mayer during a meeting in Lao Cai city on February 19. (Photo: baolaocai)

Lao Cai seeks stronger cooperation with Israeli partners

Secretary of the Lao Cai provincial Party Committee and Chairman of the People’s Committee Trinh Xuan Truong discussed potential collaboration with Israeli Ambassador to Vietnam Yaron Mayer during a meeting in Lao Cai city on February 19.

Ministries, sectors, and localities are urged to speed up the allocation and disbursement of the public investment in 2025. (Photo: chinhphu.vn)

PM urges acceleration of public capital allocation, disbursement

The dispatch highlighted that the detailed allocation of the capital accounted for only 96.07% of the Government leader’s assigned target as of January 23, with some 84.84 trillion VND (3.32 billion USD) remaining unallocated across 26 central agencies and 48 localities.

Chinese consumers spend some 70 million USD on Vietnamese lobster in January. (Photo: doanhnhansaigon.vn)

Chinese consumers spend 70 million USD on Vietnamese lobster in January

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's total aquatic exports in the month reached 774 million USD, up 3% year-on-year. This increase was primarily driven by strong Chinese demand for premium fresh seafood products, including lobster, crab, clams, and snails, as consumers prepared for Lunar New Year celebrations.

Chairman of the Ba Ria - Vung Tau Provincial People's Committee Nguyen Van Tho and Glen Hilton, CEO of DP World Asia-Pacific, sign a Memorandum of Understanding. (Photo: VNA)

Discussion underway for Vietnam’s first FTZ in Ba Ria-Vung Tau

The seaport-linked FTZ in the Cai Mep Ha vicinity is expected to boost the maritime economy to capitalise on the strategic location of Ba Ria-Vung Tau, attract foreign investment, and drive growth in the logistics, seaport, and international trade sectors.