Vietnamplus

Bilateral trade between Vietnam and African economies has made significant growth in the past decade, however, there is still room for improvement.

Investors should make careful decisions when purchasing corporate bonds, especially coming with high yield rates, to avoid risks, the Ministry of Finance (MoF) has said.

A service launched two years to help drivers find parking lots via an app had fallen short of expectations in Hanoi, reported Kinh Te & Do Thi (Economy & City) newspaper.

Representatives from the Ministry of Industry and Trade (MoIT) have stressed the necessity to promote e-payment, and ensure safety in this method.

Many small and medium-sized companies (SMEs) have little experience in e-commerce and lack information about the field, experts said at the recent “Digital Transformation - Gateway to the Global Market” forum in HCM City.

Sacombank and Alliex Vietnam JSC have signed a deal to create shared POS payment infrastructure that is integrated with many banks and allows many different payment methods.

Vietnam and Cuba have huge potential to boost partnership in trade and investment, heard a conference held by the Vietnamese Ministry of Construction and the Cuban Ministry of Foreign Trade and Investment in Ho Chi Minh City on September 13.

Governor of the State Bank of Vietnam (SBV) Le Minh Hung Hung has asked relevant agencies to help implement non-cash payments for public services, including tax, electricity, water, hospital and education fees.

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.

Vietnam needs a proper legal framework for financial technology (fintech) services, a State Bank of Vietnam (SBV) official said on August 20.

The Fourth Industrial Revolution has led to changes in tourism habits, thus giving a facelift to the tourism sector of the world and Vietnam in particular.

The Government on August 13 issued a resolution asking for the Ministry of Finance to ensure the completion of State budget collection in 2019, as well as strict management over the budget.

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.

Vietnam's interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion VND (898.4 billion USD) in the first quarter of the year, up 23 percent and 17.8 percent respectively compared to 2018, according to the State Bank of Vietnam (SBV).

Vietnam Railway (VNR) and NextTech Group signed an agreement on April 23 in Hanoi to offer online booking and payment services for railway tickets through e-wallet VIMO.

A long-term plan for renewable energy sources such as solar and wind must be devised for Vietnam to realise its goal of connecting the entire country to the national grid, experts have said.

A change in payment methods is taking place in Vietnam from payment in cash and by cards to a digital and mobile manner.

The Hanoi People’s Committee has issued a plan to improve the municipal business climate and competitiveness index (PCI) this year.

Vietnamese consumers are embracing digital payments as a faster and more convenient way to pay, with consumers using their credit and debit cards more often for in-store and online purchases, digital payment methods provider Visa said recently.

Luc Van Tan, a HCM City resident, is considering installing solar power panels on his 35sq.m rooftop to save on electricity bills.