Money laundering all too easy in Vietnam?

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Báo Đầu Tư English 5 day(s) ago

Money laundering mostly goes unpunished in Vietnam because cash is the main form of payment and relevant legislation is murky.

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New fees on property auction

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Báo điện tử CP English 6 day(s) ago 1 related news

VGP – The Ministry of Finance has issued Circular No.335/2016/TT-BTC regulating the collecting level and regime, payment, management and use of property auction fees and property auction entry fees.

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New regulations on property auction fees

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Báo điện tử CP English 6 day(s) ago 1 related news

VGP – The Ministry of Finance has issued Circular No.335/2016/TT-BTC regulating the collecting level and regime, payment, management and use of property auction fees and property auction entry fees.

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US dollar devalued against dong

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Báo Đầu Tư English 1 week(s) ago

After rising against the Vietnamese currency ahead of Tet, the US dollar devalued against the dong on the first working day of the Lunar New Year.

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Policies for foreigners in VN since January 1, 2017

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Báo điện tử CP English 2 week(s) ago 1 duplicate news

VGP – A wide range of policies applied for foreigners in Viet Nam took effect since January 1, 2017.

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International booking sites have to pay VAT, CIT in Vietnam

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Báo Đầu Tư English 3 week(s) ago

As reported by newspaper Vietnamnet, the Ministry of Finance has just asked booking sites that allow tourists to book hotel rooms in Vietnam to calculate and pay their value-added tax (VAT) and corporate income tax (CIT).

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Cash payment declines by 2 percent in six years

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SaiGon GP English 3 week(s) ago

Cash as a mode of payment has declined in the country by 2 percent in the past six years, from 14.02 percent in 2010 to the current 12 percent.

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More compensation comes to Formosa incident-hit residents

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SaiGon GP English 1 month(s) ago

Deputy Prime Minister Truong Hoa Binh has asked the Ministry of Finance to make an advance payment of VND 1.68 trillion (USD over 74 million) to compensate local residents in four central coastal provinces for their losses caused by a maritime environment incident last year.

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Cash payment declines by 2% in 6 years

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Báo Dân Trí English 1 month(s) ago

Cash as a mode of payment has declined in the country by 2 per cent in the past six years, from 14.02 per cent in 2010 to the current 12 per cent.

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Deputy PM signs no-cash policy

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Báo Dân Trí English 1 month(s) ago 1 duplicate news

Deputy Prime Minister Vương Đình Huệ has signed a policy decision encouraging cash-free transactions in Vietnam in order to reduce the number of cash-based deals, improve overall electronic payment methods and control tax evasion.

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Highest lunar New Year bonus in country around $44,285

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SaiGon GP English 1 month(s) ago

The Department of Labor and Wage under the Ministry of Labor, War Invalids, and Social Affairs yesterday said that the highest bonus for the Lunar New Year is VND1 billion ( $44,285) at a private business in Ho Chi Minh City.

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Vietnam eyes cashless market with card payment scheme

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Báo Tuổi Trẻ English 1 month(s) ago

A scheme to promote cashless payment in Vietnam in the 2016-20 period has been approved by Prime Minister Nguyen Xuan Phuc.

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A boost for non-cash transaction development

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Báo điện tử CP English 1 month(s) ago

VGP – The PM has recently ratified a project on non-cash transaction development in Viet Nam in the 2016-2020 period with a view to keeping cash transaction rate under 10%.

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MobiFone launches new mobile payment app

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Báo Đầu Tư English 2 month(s) ago

MobiFone customers can download and pay with MobiFone Next, its new mobile payment app that works in stores, in app and online.

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Is the e-wallet market large enough for 16 big players?

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Báo Đầu Tư English 2 month(s) ago

Many e-wallet systems were started for the primary reason to create an ecosystem for e-commerce, but their owners fear they may not make money from the service.

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