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Vietnam leading the regional pack in embracing a cashless society

15-06-2020 15:18

The Vietnamese government is looking to take the country towards relying less on cash when making purchases. Dang Tuyet Dung, Visa country manager for Vietnam and Laos, talked to VIR’s Hoang Anh about the potential future of a cashless society for the country.

Visa supports “Cashless Day” in joint effort to promote non-cash payments in Vietnam

11-06-2020 11:31

Cashless Day, held annually on June 16 by Visa – the world’s leader in digital payments – aims to promote the adoption of non-cash payments and aligns with the government’s plans to drive Vietnam towards a cashless society.

Cashless payments beginning to gain traction across the country

01-06-2020 08:44

Visa, the world’s leader in digital payments, recently published the Consumer Payment Attitudes 2019 study, showing a marked drop in cash usage in Vietnam as consumers embrace new ways to pay. Dang Tuyet Dung, country manager for Visa Vietnam and Laos, told VIR’s Thanh Van about the company’s plan to help Vietnam achieve a cashless economy.

Vietnamese take increasingly to cashless payments

29-05-2020 09:48

Non-cash payments have increased sharply, especially through mobile devices and the internet, according to the State Bank of Vietnam.

Visa study finds cash usage dropping in Vietnam as consumers embrace new ways to pay

22-05-2020 18:21

A new study commissioned by Visa, the world’s leader in digital payments, has found Vietnamese consumers are using less cash in favour of digital payment methods including new payment technologies such as contactless cards and mobile payments, as well as mobile e-commerce payments.

Banks skeptical of BOT transport project relief

20-05-2020 14:00

Despite the Ministry of Transport’s proposal to increase the debt repayment period and cut lending rates for build-operate-transfer transport project operators, lenders remain concerned.

Payment requests for online teaching leave parents puzzled

19-05-2020 17:07

With the new academic year on the horizon, prolonged financial disputes between private schools and parents continue to linger after the coronavirus disruption, leading to concerns over whether educational facilities are running in a money-minded way.

Mobile money: moving closer to official deployment

18-05-2020 08:02

After years of delay, mobile money – a technology that allows people to receive, store, and spend money using a mobile phone – is highly likely to be pressed into service from the middle of this year in Vietnam, entailing the opportunities to promote non-cash payment among the more than 50 per cent Vietnamese population who are unbanked.

Landscape to shift through draft proposals for Law on Enterprises

15-05-2020 10:00

Under the current Law on Enterprises, all payments for capital transfer transactions as well as the receipt of dividends by foreign investors must be made through capital accounts opened by the investors at banks in Vietnam, except for payment by assets. As it stands, this regulation is not aligned with the latest foreign exchange regulations issued by the State Bank of Vietnam in June 2019, which allow for direct payments between two offshore investors.

Decree puts focus in right direction

13-05-2020 10:00

Decree No.41/2020/ND-CP on extending the deadline of tax and land rent fee payments for enterprises, individuals, and business households affected by COVID-19 was issued by the government on April 8. Dr. Su Ngoc Khuong, senior director at Savills Vietnam, explains the decree’s impact on the real estate market.

Generali Vietnam launches unique customer loyalty programme VITA-Rewards

07-05-2020 19:35

Generali Vietnam Life Insurance LLC has launched a new customer loyalty programme named VITA-Rewards which enables customers to earn points on special occasions when they make premium payments or activate Generali’s digital applications.

Scrutinising rules for transfer pricing

30-04-2020 08:00

The implementation of the government’s Decree No.20/2017/ND-CP dated February 2017 and Circular No.41/2017/TT-BTC dated April 2017 – both effective from May 2017 and applied from the fiscal year of 2017 onwards – has raised several concerns among taxpayers regarding transfer pricing (TP) rules.