Vietnam still slow to offer public services online: CIEM Business

Vietnam still slow to offer public services online: CIEM

The number of Vietnamese public administrative services that have been made available online is still low, even after five years of implementing Resolution No.19 on the improvement of the business climate, said Director of the Central Institute for Economic Management (CIEM) Nguyen Dinh Cung.
Cashless payment needs a boost in rural areas Business

Cashless payment needs a boost in rural areas

Vietnam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system; however, non-cash payment has seen development stall as the country’s population has not yet embraced its benefits.
Banks to hike service fees this month Business

Banks to hike service fees this month

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.
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.
ZaloPay targets 1,000 points of sale Business

ZaloPay targets 1,000 points of sale

ZaloPay e-wallet, developed by VNG Corportion, aims to open about 1,000 new points of sale in 2018, according to Phan Thanh Thao, business development director of Zalo Pay.
Banks battle Tet ATM overload Business

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.
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.
Vietnam boosts card-based payments Business

Vietnam boosts card-based payments

Non-cash payments are becoming more widespread in Vietnam, the Vietnam Economic News reported, adding that the trend can be seen through the growing number of card users, automated teller machines (ATMs) and points of sale (POS).