the rapid transformation of vietnams digital payment landscape

The rapid transformation of Vietnam's digital-payment landscape

Vietnam's digital payment landscape is undergoing a remarkable transformation, driven by new regulations and innovative financial solutions.
nearly 43000 online sellers under tax review

Nearly 43,000 online sellers under tax review

On July 9, Vietnam's General Department of Taxation (GDT) announced it is reviewing 42,898 businesses and individuals that selling goods through e-commerce channels were subject to review, encouragement, and support for tax declaration and payment.
lenders stress importance of biometric measures

Lenders stress importance of biometric measures

The Vietnamese banking sector’s implementation of biometric verification for transactions has significantly enhanced payment safety and fraud prevention, despite initial technical challenges and substantial resource requirements.
foreign tech giants pay 157 million in taxes in h1

Foreign tech giants pay $157 million in taxes in H1

Foreign service providers including Google, Facebook, and Netflix, have made a tax payment of VND4 trillion ($157.34 million) in the first six months of 2024, an increase of 18.5 per cent against last year's period.
visa makes it even easier for tourism payments

Visa makes it even easier for tourism payments

Visa is offering quick, secure, and reliable contactless payments to facilitate a seamless travel experience for Vietnamese tourists.
ai becoming increasingly prevalent for e payments

AI becoming increasingly prevalent for e-payments

The rising risks of cashless payment fraud have led banks to accelerate implementation of AI-driven security measures and biometric authentication to enhance transaction safety and protect consumers.
hdbank approves dividend payment of 30 per cent in cash and stocks

HDBank approves dividend payment of 30 per cent in cash and stocks

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank—HSX: HDB) will pay a dividend of 30 per cent for 2023, including 10 per cent in cash and 20 per cent in shares, according to a resolution announced by its Board of Directors on July 2.
visa and vnpay strengthen partnership to advance contactless payments with vnpay softpos

Visa and VNPAY strengthen partnership to advance contactless payments with VNPAY SoftPOS

Visa, a world leader in digital payments, is collaborating with VNPAY, a financial services company providing electronic payment solutions in Vietnam, to enhance contactless payments via VNPAY SoftPOS.
authorities ramp up tax inspections of livestreams

Authorities ramp up tax inspections of livestreams

Individuals and organisations involved in livestream sales and affiliate marketing on e-commerce platforms are facing the most stringent inspections ever related to tax declaration and payment.
policy on rescheduling debt repayment period extended

Policy on rescheduling debt repayment period extended

The State Bank of Vietnam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.
vietnam extends tax payment deadline for domestically manufactured cars

Vietnam extends tax payment deadline for domestically manufactured cars

The government has extended the deadline for special consumption tax (SCT) payments for domestically manufactured and assembled cars.
visa supports cashless day 2024 accelerating vietnams digital payments revolution

Visa supports Cashless Day 2024, accelerating Vietnam's digital payments revolution

Visa is continuing to support Vietnam's annual Cashless Day (June 16), aiming to propel the country's digital payment ecosystem.
cashless payments soaring in first half of 2024

Cashless payments soaring in first half of 2024

The total value of cashless payments through Payoo experienced a sharp rise in the first half of 2024, up by 58 per cent over the same period last year.
vietnamese authorities to crack down on tax evasion

Vietnamese authorities to crack down on tax evasion

Vietnamese authorities will crack down on tax evasion by implementing strict measures to ensure individuals and businesses fulfill their tax payment obligations.
cashless payment develops rapidly in vietnam

Cashless payment develops rapidly in Vietnam

Non-cash payments continue to grow rapidly in Việt Nam, requiring a focus on ensuring payment security, a representative of the State Bank of Việt Nam said at a press conference on Cashless Day 2024 held in Ho Chi Minh City on May 28.