government intensifies support for non cash payment methods

Government intensifies support for non-cash payment methods

The Government has issued measures to boost non-cash payment methods in the country this year.
lenders upgrade with digitalisation

Lenders upgrade with digitalisation

The face of retail banking in Vietnam is changing due to digitalisation, prompting banks to restructure themselves in a way to meet the demands of customers and bringing the payment experience to a whole new level with their virtual facilities.
vnpay honoured at first ever vietnam digital awards

VNPAY honoured at first-ever Vietnam Digital Awards

The biggest QR code payment firm in Vietnam, VNPAY, had a good harvest of awards at the first-ever Vietnam Digital Awards 2018 with its VNPAY-QR and QR Merchant Management System as the most outstanding digital technology applications.
yeah1 is asked to pay 14180 in tax arrears

Yeah1 is asked to pay $14,180 in tax arrears

Beside tax-related administrative violations, Yeah1 used illegally invoices, therefore, the firm is fined VND75.57 million ($3,284), collected arrear of VND192.37 million ($8,364), and penalty for late payment of tax of VND58.2 million ($2,532).  
vinaconex charged with 217391 in tax arrears

Vinaconex charged with $217,391 in tax arrears

During the inspections in 2017, due to wrongful declaration resulting in the lack of tax payment, Vinaconex was fined for tax arrears of nearly VND5 billion ($217,391).
visa welcomes dang tuyet dung as country manager for vietnam and laos

Visa welcomes Dang Tuyet Dung as country manager for Vietnam and Laos

Visa, the world’s leader in digital payments, is pleased to announce the appointment of Dang Tuyet Dung to the role of Vietnam and Laos country manager.
momo shoulders mounting losses for larger market share

MoMo shoulders mounting losses for larger market share

The accumulated losses of MoMo, the e-wallet and payment app of M-Service JSC, has increased to nearly VND600 billion ($26 million), catching up to Tiki and Shopee.
starbucks vietnam unveils card and mobile app

Starbucks Vietnam unveils card and mobile app

Starbucks Vietnam's customers can conveniently pay for purchases, earn stars, and find nearby stores.
no tax paying delay for closing businesses

No tax paying delay for closing businesses

Tax payers and businesses that are completing their dissolution procedures shouldn’t be allowed to postpone their late tax payments and charges for late tax payment.
hcm city to use one payment card for all public transport

HCM City to use one payment card for all public transport

The HCM City’s People’s Committee has agreed to develop a single card that will be used for all types of public transport.
vietnamese workers in a bind as underperforming enterprises stalled insurance payment

Vietnamese workers in a bind as underperforming enterprises stalled insurance payment

After a short holiday, Vietnamese workers at a South Korean garment company in HCM City were dismayed as they couldn’t get back into work.
britain to introduce new tax for tech giants from 2020

Britain to introduce new tax for tech giants from 2020

LONDON: Britain will introduce a new digital services tax aimed at tech giants from 2020, finance minister Philip Hammond said on Monday (Oct 29), responding to public outrage over low tax payments.
banks jump into the e wallet business

Banks jump into the e-wallet business

More and more banks are entering the e-wallet business as they see huge growth potential in the wake of the Government’s plan to reduce cash payments to below 10 per cent of all transactions by 2020.
informal workers wary of opt in social insurance

Informal workers wary of opt-in social insurance

Farmers and workers in the informal sector are often reluctant to buy voluntary social insurance because they do not understand its benefits and lack knowledge about the programme, according to the Vietnam Social Security.
grab starts introducing grabpay by moca

Grab starts introducing GrabPay by Moca

Grab is starting to introduce the payment solutions of Moca under its brand-new cashless payment method GrabPay to bring swift, seamless, and secure cashless payment experience to Grab users in Vietnam.