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 State Bank of Việt Nam (SBV) is drafting amendments to Circular 47/2014/TT-NHNN with new technical regulations on security and confidentiality for the card payment system.
Experts have warned that consumers may soon start defaulting on their credit card payments due to rising unemployment and salary cuts in many industries and sectors in the wake of the COVID-19 outbreak.
The State Bank of Viet Nam (SBV) has directed commercial banks to tighten control over credit card payments to prevent the improper use of credit cards.
E-commerce businesses may have to accept card payments as a way to offering more options to pay when shopping online, an official from the Ministry of Industry and Trade said.
Movitel mobile network received the Mobile Innovations Awards for its
best use of mobiles within a customer relationship management (CRM)
strategy, on July 8 in London, England.