Ho Chi Minh City has set a target to provide 100 percent of public services online at level 4 by 2030.
Level 4 is the highest level of online public services, which allows users to fill and submit forms, and pay fees online.
For its almost 100 percent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank has received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank.
E-commerce offers businesses, especially small and medium-sized enterprises (SMEs), a direct reach to international customers, boosts their sales, speeds up the marketing process and saves costs, experts have said.
Visa and NextTech Group on November 4 signed a three-year partnership to promote the adoption of digital payments among small business owners in Vietnam’s rapidly growing social commerce sector.
Online shopping and electronic payments in Vietnam have become more common in recent years as more of the country's population gains access to the internet, and e-commerce in the 95 million-strong market is set to enter a rapid growth phase in the near future, according to industry experts.
The shift towards electronic payment is now an established trend with half of Ho Chi Minh City’s public hospitals embracing it, health authorities have said.
A seminar was held in Hanoi on June 22 to announce the result of a survey on corporate satisfaction about processing time of administrative procedures via the national one-stop shop mechanism.
“Vietnam needs to focus on restructuring the economy, promoting digitalisation and internationalisation following the COVID-19 pandemic because these are important to industrial development and sustainable development of the national economy and enterprises”, said an economic expert.
The northern province of Bac Giang ranked ninth among localities nationwide in attracting foreign direct investment (FDI) in the first months of this year.
The National Payment Corporation of Vietnam (NAPAS) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on April 16 announced a COVID-19 discount programme for businesses providing transportation services.
The State Bank of Vietnam (SBV) on March 31 issued a directive to reduce the fees for transactions via interbank electronic payment system by 50 percent for local banks.
The HCM City People’s Committee has directed government departments and the administrations of all 24 districts to increase the public services available online to limit the number of people who have to visit government offices amid the COVID-19 outbreak.
Residents in Hanoi and Ho Chi Minh City will now be able to pay registration fees for cars and motorbikes through the Government’s national public service portal, banking electronic payment channels and intermediary payment service providers.
Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than 500,000 VND (21.5 USD) following the move of the National Payment Corporation of Vietnam (NAPAS) to cut switching fees with an aim to promote cashless payments.
Minister and Chairman of the Government Office Mai Tien Dung requested saving time and costs for businesses, during a meeting with ministries and agencies in Hanoi on January 6.
The State Bank of Vietnam (SBV) plans to lower the foreign ownership rate in the payment intermediary service sector to 49 percent instead of leaving it unrestricted to avoid manipulation by foreign investors in the field.
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