Friday, September 21, 2018 - 1:33:02

cash payment

Substantial reforms needed to adapt to Industry 4.0

Business

Substantial reforms needed to adapt to Industry 4.0

With the Fourth Industrial Revolution (Industry 4.0) in full swing, many countries – including Vietnam – are in the midst of a new technological wave that not only creates opportunities, but also brings challenges to the local government, businesses, and consumers.

Vietnam strives to reduce cash payment proportion

Business

Vietnam strives to reduce cash payment proportion

The Vietnamese Government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.

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.

PM orders tighter control of Bitcoin, cryptocurrency

Business

PM orders tighter control of Bitcoin, cryptocurrency

Prime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services to intensify inspections and promptly report suspicious cryptocurrency transactions.