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Vietnamese currency security faces big challenges from technology

22-05-2018 18:28

Modern technology remains a challenge for Vietnamese authorities in managing currency security as recently the northern province of Quang Ninh discovered illegal money transferring activities via Chinese points of sale (POS) installed in a local store.

E-commerce and game cards: new trends in the gaming industry

22-05-2018 12:39

Halting phone card payments creates new prospects for the gaming industry, as gaming enterprises started co-operating with e-commerce platforms to satisfy the burgeoning demand for game cards. Many experts stated that this is a healthy direction for the market and would ensure long-term stability.

PM visits fishermen in Thua Thien-Hue, Quang Tri provinces

17-05-2018 11:13

Prime Minister Nguyen Xuan Phuc on May 16 visited the central province of Thua Thien-Hue to inspect the compensation payments for local fishermen affected by the Formosa-related marine environmental incident and residents’ efforts to stabilise their lives.

Cashless transformation requires top payment security

16-05-2018 14:00

As the Asia-Pacific is going ahead in the transformation from cash to digital payments, payment security has risen as a key focus for payment providers, banks, governments and consumers, according to Visa.

HSBC, ING banks announce blockchain first

15-05-2018 21:37

Banking giants HSBC and ING on Monday said they had carried out a landmark blockchain transaction aimed at speeding up payment processes and making them more secure.

Halting payments via phone cards: an unequal game?

14-05-2018 21:46

Three giant mobile operators (Viettel, MobiFone, and Vinaphone) halted payments via phone cards for domestic digital content and online games, creating inequality as foreign application stores, specifically Google Play Store, still allow people to use phone cards for in-game payments.

Unregistered POS payments cause tax losses

13-05-2018 12:47

Using unregistered point-of-sale (POS) machines to transfer payment may result in tax losses for the local authorities, according to specialists.

BSR chairman arrested in relation to OceanBank trials

13-05-2018 09:00

Criminal proceedings have been started against Nguyen Hoai Giang, chairman of BSR, for BSR receiving extra interest payments outside the scope of their contract with OceanBank.

Extending mandate of tax authorities may halt tax evasion?

08-05-2018 12:03

Handing over the right of prosecution and investigation to the tax authorities is expected to hinder tax evasion as well as delayed tax payments by enterprises, especially multinational firms in Vietnam.

Draft law lifts banks’ role in e-commerce

07-05-2018 12:33

Payments for e-commerce transactions must be made via banks or authorised payment intermediary services, according to the draft of the amended Law on Tax Management.

Bisuco factory shutdown to worry the firm’s creditors

02-05-2018 09:00

The gloomy state of Binh Dinh Sugar JSC, with its production suspension and financial troubles, may create major problems for creditors like Standard Chartered Bank, who want to recover outstanding loan payments.

A cashless economy on the horizon

30-04-2018 08:34

Vietnam is making every effort to promote a cashless economy, with a focus on the development of digital payments so as to reach out to a wider demographic. Hard work has been put into the plan’s supportive processes, including a legal framework to follow suit and attention paid to the security and safety of e-banking, mobile banking, and digital transactions.