As of September 2025, the central bank proposed cutting and simplifying 124 out of 298 administrative procedures, representing 41.6 per cent of the total. This initiative has reduced processing time by hundreds of days and saved more than VNĐ7.6 billion...
Card payments constitute 8.3 per cent of business to business (B2B) payment volumes among B2B card-accepting merchants in Việt Nam – the highest ratio in the Asia Pacific region, according to a study conducted by KoreFusion, an international strategy consulting firm specialising in payments.
The Ministry of Finance will pilot electronic tax payments via payment service providers under a new circular on e-transactions for exports, imports, transit goods and vehicles in Việt Nam.
Relevant authorities are requested to swiftly implement measures to encourage non-cash transactions, enhance direction and guidance, and conduct widespread communication campaigns to promote cashless payments.
Visa has introduced its issuer-offered Click to Pay solution, streamlining online payments by enabling cardholders to complete transactions with just a few clicks.
Customers of seven banks, including Vietinbank, BIDV, Vietcombank, Sacombank, TPBank, BVBank and Nam A Bank, can now scan LaoQR codes to make payments in Laos.
In the future, other providers such as Visa can sign contracts with VETC, VDTC to connect payment methods and vehicle owners can choose Visa wallets to connect payments.
The 2024 Cashless Day Festival opened at the Nguyễn Huệ pedestrian plaza in HCM City with a wide range of cashless payment solutions and promotions for shoppers.