On November 18, the Government issued a resolution regarding the extension of the pilot use of telecom payment accounts for small-value goods and services (known as Mobile Money) until December 31, 2024.
Electronic and cashless payments saw significant increases in Vietnam in the first half of this year, with internet transactions growing by 76% in volume and 1.79% in value.
Users can compose a text message or use an application to proactively check if their subscription information is accurate, avoiding being locked due to violations.