Hanoi (VNA) – The novel coronavirus outbreak has changed the payment habit in Vietnam, with non-cash transactions particularly surging in the public service, Director of the State Bank of Vietnam’s Payment Department Pham Tien Dung said on December 4. At a workshop on promoting non-cash payment in the digital economy, Dung said digital payment ecosystem has been applied at over 30 hospitals, while 50 commercial banks completed e-tax payment with customs and taxation authorities in the 63 cities and provinces nationwide. Twenty-seven commercial banks and 10 intermediary organisations joined hands to carry out online payment of electricity bills, he said, adding nearly 90 percent of the Electricity of Vietnam’s revenue from power bills was collected through commercial banks. As of August 31, 92.9 percent of the 90,858 state-owned agencies had transferred salary payment through bank accounts, as compared with 81 percent recorded in the end of 2016. During … [Read more...] about COVID-19 sparks a boom in cashless payment: expert
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Investors follow stock movements at a securities firm in HCMC. The VN-Index of the Hochiminh Stock Exchange rose to the year's record high today, December 4 – PHOTO: THANH HOA HCMC – The strong cash flow helped the VN-Index of the Hochiminh Stock Exchange achieve the fourth straight winning session today, December 4 and reached 1,021.49 points, the highest since the beginning of this year. … [Read more...] about VN-Index surpasses 1,020 points
Explaining the rush of online game development in recent years, experts say Viet Nam has a lot of potential as a new market because nearly 70 per cent of the gamers are accessing the game for the first time. Also, because the country is located in Southeast Asia, it has a similar culture to China and South Korea so gamers understand and like kung fu novels. … [Read more...] about Online games: harmless fun or social problem?
From the case of TPBank, it can be seen that the early selection of digital transformation strategy and the fast development of digital banking will help shorten the process. Those who come first will have more opportunities to win the market share. In the first six months of this year, TPBank saw a considerable rise in the number of new customers as well as current and saving accounts (CASA). … [Read more...] about Digitalisation race among banks: Advantages of pioneers
Hanoi (VNS/VNA) - Digital transformation provides a challenge and opportunity for sustainable agricultural and rural development and narrowing gaps between rural and urban areas, experts have said. With the rise of the digital economy, big data, artificial intelligence and other applications, digital transformation and smart agriculture in rural areas are inevitable trends. “In the period of 2021-2025, rural areas must comprehensively and sustainably develop adapting to new circumstances,” Nguyen Minh Tien, head of the Central Coordination Office for New-style Rural Area Building, said in a recent seminar on digital transformation in agriculture and rural development. Prime Minister Nguyen Xuan Phuc had approved a national programme on digital transformation for eight priority areas, including agriculture, said Tien. This was an important sector that needed to carry out digital transformation, he said. “The Ministry of Agriculture and Rural Development … [Read more...] about Digitisation helps narrow urban-rural gap: experts