First domestic chip cards launched Business

First domestic chip cards launched

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched the first domestic chip cards on May 28.
Vietnamese banks handle 898.4 billion USD through e-payments Business

Vietnamese banks handle 898.4 billion USD through e-payments

Vietnam's interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion VND (898.4 billion USD) in the first quarter of the year, up 23 percent and 17.8 percent respectively compared to 2018, according to the State Bank of Vietnam (SBV).
Vietnam to have first domestic chip cards in Q1 2019 Business

Vietnam to have first domestic chip cards in Q1 2019

Vietnam’s first domestic chip cards will be launched in the first quarter of 2019 to enhance safety and service quality of the country’s bank card operations, according to the National Payment Corporation of Vietnam (NAPAS).
Experts: Non-cash payments need support Business

Experts: Non-cash payments need support

The Government should create an ecosystem and suitable environment for new products and services as well as pioneer their use to promote the development of contactless payment methods. This could be a foundation for building e-government in Vietnam.
Fee hikes threaten cashless plan Business

Fee hikes threaten cashless plan

Recent surges in transactions and withdrawal fees at a number of commercial banks went against the State Bank of Vietnam’s (SBV) initial policy roadmap for a seamlessly cashless society.
Vietnam Online Business Forum opens Business

Vietnam Online Business Forum opens

The Vietnam Online Business Forum (VOBF) 2018, the second of its kind, opened in Hanoi on March 14 to the welcome of investors following the 2017 success.
SBV wants ATMs to run efficiently before Tet Business

SBV wants ATMs to run efficiently before Tet

The SBV has asked the relevant agencies to ensure all automatic teller machines (ATM) are operational in the months approaching Tet holiday, when there is high demand for cash transactions.
Finance Ministry proposes tax law changes Business

Finance Ministry proposes tax law changes

The Ministry of Finance has proposed amendments to the Law on Tax Management, aiming to enhance efficiency of tax collection from multinational companies, cross-border transactions and online businesses.
Petrolimex to launch non-cash payment service Business

Petrolimex to launch non-cash payment service

Domestic ATM card holders of 41 National Payment Corporation of Vietnam (NAPAS) member banks can pay by card at the Vietnam National Petroleum Group (Petrolimex)’s petrol stations nationwide from August 1.