More compensation comes to Formosa incident-hit residents

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SaiGon GP English 2 day(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 2 day(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 week(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 week(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 2 week(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 2 week(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 1 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 1 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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Woori Bank joins National Payment Services

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Báo điện tử CP English 1 month(s) ago

VGP – The National Payment Services (NAPAS Viet Nam) and the Republic of Korea (RoK)’s Woori Bank in Ha Noi have successfully connected the Automated Teller Machine (ATM) and Point of Sale (POS) services in Viet Nam on December 13.

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Chinese fintech group acquires local tech company

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Báo Đầu Tư English 1 month(s) ago

Leading integrated fintech service provider Credit China Fintech Holding Limited has spent $12.73 million on acquiring a 51 per cent stake in Vietnamese Amigo Technologies Joint Stock Company as part of its plans to expand overseas operations.

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Australian cheated by Vietnam restaurant drops lawsuit after getting full refund

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Báo Tuổi Trẻ English 1 month(s) ago

An Aussie who was charged nearly US$30,000 via payment card without his consent at a Ho Chi Minh City restaurant in August has dropped lawsuit against the eatery, after receiving a full refund from its representative on Tuesday.

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VMG sells entire stake to South Korean company

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Báo Đầu Tư English 1 month(s) ago

VMG Group on Thursaday announced it will sell its entire 62.25 per cent stock in VNPT EPAY to South Korean UTC Investment Company.

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Vietnam faces big deficit in HIV/AIDS funding

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Báo Dân Trí English 1 month(s) ago

Vietnam will face a huge budget deficit in health services for people with HIV/AIDS in the next five years, an official from the HIV/AIDS Prevention Agency, Duong Thuy Anh, said at a conference on insurance payments for ARV therapy on November 28.

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Deputy PM prompts to disburse Formosa compensation on schedule

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SaiGon GP English 1 month(s) ago

Permanent Deputy Prime Minister Truong Hoa Binh has urged the north central provinces of Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue to speed up the disbursement of Formosa compensation so that the first payment phase will have to complete on schedule by the end of this year.

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Bắc Giang businesses owe VND100b in social insurance

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Báo Đầu Tư English 1 month(s) ago

Social and health insurance for labourers worth VNĐ100 billion (US$ 4.4 million) hasn’t been paid by 600 businesses operating in northern Bắc Giang Province – accounting for 30 per cent of all businesses participating in the social and health insurance scheme.

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