Many schools, hospitals and public service providers have installed QR code readers, enabling their clients to pay their bills via mobile phones and bank cards.
The city of Da Nang, the central region’s major economic driver, is making headway in raising awareness on the benefits of cashless transactions as well as in building financial and technical infrastructure for the future development of a cashless society.
The Vietnam Technological and Commercial JSC (Techcombank) has been named the Best Payments Bank in Vietnam in 2019 by the Asian Banker thanks to its use of high technology in providing payment solutions to customers.
The Government has asked the Ministry of Planning and Investment (MPI) to focus on removing difficulties and speeding up the progress of public investment disbursement.
The Government should enhance macro-economy stability to strengthen the national economy when risks are yet to appear, said members of the National Financial and Monetary Policy Advisory Council at a meeting on July 2.
June 16 has been chosen as “Cashless payment day”. Aiming at a non-cash payment society, many attractive promotions are offered to create a habit of not using cash for Vietnamese people.
The ratio of cashless payments in Vietnam remains low, standing at only 11.49 percent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM).
Deputy Prime Minister Vuong Dinh Hue unveiled advantages in investing in Vietnam during a meeting in Seoul, the Republic of Korea (RoK) with local securities investors at the headquarters of the Korea Financial Investment Association (KOFIA) on June 20.
Policies and reality in building a cashless society in Vietnam was the theme of a workshop held in Ho Chi Minh City on June 11 by the State Bank of Vietnam (SBV) in coordination with the Ministry of Information and Communication and Tuoi Tre (Youth) newspaper.
A lack of cooperation between banks, service providers and customers is the major issue preventing the widespread use of cashless payments in Vietnam, Nguyen Dinh Thang, Chairman of LienVietPostBank’s Board of Directors, said at the Banking Vietnam 2019 event in Hanoi on May 30.
The State Bank of Vietnam is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
The State Bank of Vietnam (SBV) is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
An international workshop on mobile money to promote financial inclusion was held by the Ministry of Information and Communication (MIC) in Hanoi on May 23.
Transaction limits for e-wallets should be set at appropriate levels to encourage cashless payment amidst an anticipated boom of e-commerce in Vietnam, experts have said.
The topic on how to apply digital technologies to promote financial inclusion in Vietnam will be discussed at the Banking Vietnam Conference and Expo 2019 (Banking Vietnam), which will take place in Hanoi on May 30.
Transaction limits for e-wallets should be set at appropriate levels to encourage cashless payment amidst an anticipated boom of e-commerce in Vietnam, experts have said.
PM Nguyen Xuan Phuc urged firms to promptly grasp opportunities brought about by modern technology and markets in his address to the plenary session of the Vietnam Private Sector Economic Forum 2019.
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XIII National Congress of Communist Party of Vietnam
