MIC focusing on popularising Mobile Money Business

MIC focusing on popularising Mobile Money

The successful implementation of Mobile Money, a pilot project that will pave the way for payments of limited value to be conducted using telecommunications accounts, is one of the major targets of the Ministry of Information and Communications (MIC).
Mobile Money users may be charged: authority Business

Mobile Money users may be charged: authority

Customers using Mobile Money, a freshly-approved pilot project, may be charged a certain fee, according to the Vietnam Telecommunications Authority under the Ministry of Information and Communications.
Draft amendments to Decree 52 on e-commerce activities discussed Business

Draft amendments to Decree 52 on e-commerce activities discussed

Despite the effects of the COVID-19 pandemic, the Vietnamese e-commerce market is still booming. Therefore, the amendment and supplementation of Decree 52/2013/ND-CP on e-commerce to better manage the activity, considered "the future of the retail market", is extremely necessary.
New tax decree eyes cross-border transactions Business

New tax decree eyes cross-border transactions

Cross-border transactions are in the crosshairs as Decree 126/2020/ND-CP - the latest regulation on tax administration - is to come into effect on December 5, said senior tax officials in a recent press conference.
Cambodia, China to trade rice in local currencies World

Cambodia, China to trade rice in local currencies

The Cambodia Rice Federation (CRF) and the National Bank of Cambodia (NBC) discussed ways to use the riel and the Chinese yuan in rice exports between China and Cambodia, Khmer Times newspaper reported on June 18.
Prime Minister receives Thai central bank governor Politics

Prime Minister receives Thai central bank governor

Prime Minister Nguyen Xuan Phuc expressed his hope for stronger ties between the Vietnamese and Thai banking systems while receiving Governor of the Bank of Thailand (BoT) Veerathai Santiprabhob in Hanoi on August 5.
ASEAN local currency transactions promoted World

ASEAN local currency transactions promoted

The Philippines has agreed to join the local currency settlement (LCS) framework which Indonesia, Thailand and Malaysia have operated over the past two years, in an effort to expand intra-ASEAN trade and investment as well as strengthen the regional economic integration.
Workshop discusses int’l experience of transfer pricing Business

Workshop discusses int’l experience of transfer pricing

The opposing viewpoints of domestic and foreign experts on transfer pricing – a hot topic attracting much public interest in recent times – were the focus of a workshop held by the American Chamber of Commerce in Vietnam (AMCHAM) in Hanoi on November 9.
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.
SCIC, Russia’s VTB Group ink MoU Business

SCIC, Russia’s VTB Group ink MoU

Vietnam's State Capital Investment Corporation (SCIC) and Russian VTB Group signed a Memorandum of Understanding (MoU), which will allow both companies to expand investment between the two countries.