Cashless payments surge by over 63 per cent

Cashless payments surge by over 63 per cent

Non-cash payment transactions increased by 63.3 per cent in volume and 41.45 per cent in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced.
Retail University campaign to help retailers expand online channels

Retail University campaign to help retailers expand online channels

Retail University 2021, a chain of events organised by VECOM to support small- and medium-sized retailers promote online sales, will be held on April 7-9.
Mobile money: moving closer to official deployment

Mobile money: moving closer to official deployment 1

Mobile money will likely enter service in Vietnam from June, promoting non-cash payment among the more than 50 per cent Vietnamese population who are unbanked.
Insurance sector to supply more online services at level four

Insurance sector to supply more online services at level four

The Prime Minister has approved a project on accelerating the supply of level-four online services in the field of insurance and other public services based on data sharing between the Vietnam Social Security and related sectors.
Vietnam committed to opening door in service sector

Vietnam committed to opening door in service sector

Vietnam is committed to opening door for foreign investors, especially in the field of services, according to the roadmap in signed bilateral and multilateral free trade agreements.
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.
Cashless payment needs a boost in rural areas

Cashless payment needs a boost in rural areas

Vietnam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system; however, non-cash payment has seen development stall as the country’s population has not yet embraced its benefits.