By Mai An – Translated by Kim Khanh
Cash has constituted 11.3% of total means of payment as of December 31, 2019.
Prime Minister Nguyen Xuan Phuc has issued a directive No.22 urging stronger measures in adopting cashless payment in Vietnam.
|Vietnam Prime Minister Nguyen Xuan Phuc requests a wider use of cashless payment. Photo: VGP.|
Under the directive, after nearly four years since the implementation of a national plan on cashless payment development in the 2016 – 2020 period, the ratio of cash to total means of payment as of December 31, 2019 remained at 11.3%.
The use of cash continues to be common for civil transactions, especially in rural and remote areas; the rate of e-payment in e-commerce activities and sectors such as health, education is lower than expected; hi-tech crimes on electronic transaction are becoming complicated.
To promote the use of cashless payment in the economy, PM Phuc requested the State Bank of Vietnam, the country’s central bank, to soon finalize the legal framework for cashless and e-payment in tandem with new payment methods.
The SBV is also tasked with developing the Automated Clearing House (ACH), an e-payment method that pulls funds directly from the user’s checking account, and putting the system into use before December 15, 2020; and cooperating with other relevant agencies in drafting new payment methods.
Phuc expected the SBV to adopt the Know Your Customer (KYC) process to support greater access and use of e-payment methods, and continue pushing for tighter control and prevention of money laundering and acts of terrorism sponsoring, among others.
Meanwhile, the Ministry of Industry and Trade should complete a legal framework promoting retailers and service providers to accept e-payment and greater use of this method in e-commerce.
The Ministry of Finance is tasked with providing specific guidelines for administrative units in adopting cashless payments.
The Ministry of Health is requested to instruct hospitals to cooperate with credit institutions and intermediary payment service providers to accept cashless payment.
Similarly, the Ministry of Education and Training should support schools and universities setting up mechanisms for e-payment.
The Ministry of Labor, War Invalids and Social Affairs and the Vietnam Social Security would have to be prepared for payment of pension, social benefits and insurance via the banking system.
The Ministry of Public Security will be in charge of timely identifying and preventing e-payment offenses, as well as accepting cashless payment for administrative fines.
According to GlobalData’s 2019 Banking and Payments Survey, cash is still the most preferred payment mode for e-commerce purchases in Vietnam, accounting for 35.6% in 2019. Alternative payment solutions are gradually gaining ground and accounting for a 15.5% share. MoMo is the most preferred payment solution in Vietnam, followed by PayPal.
A plan on non-cash payment in Vietnam in the 2016 – 2020 period approved by the prime minister envisioned that by the end of 2020, the ratio of cash transactions will be reduced from 90% in 2016 to below 10%.
A flight operated by Bamboo Airways was disrupted at an airport in central Vietnam on Thursday after a passenger on board opened the exit door and thus inflated the emergency slide on the aircraft.
The situation transpired on Bamboo Airways’ flight QH 1177, which was expected to depart Tho Xuan Airport in north-central Thanh Hoa Province for Ho Chi Minh City at 5:00 pm on Thursday.
Ater getting aboard, passenger V.V.D., 59, from Thanh Hoa, pulled the handle to open the exit door, which in turn activated the emergency slide on the side of the jet while it was waiting to take off on the runway.
Due to the incident, the Bamboo Airways flight crew had to steer the aircraft back to the terminal, causing the flight to be delayed for nearly two hours.
Explaining the incident to the Northern Airports Authority, D. said he mistook the exit door for the toilet entrance.
Tran Hoa Phuong, director of the Northern Airports Authority, who oversees all airports in northern Vietnam, said the agency has levied a fine of VND15 million (US$652) on D.
As prescribed in Decree 162 on administrative penalties for civil aviation offenses, unsolicited opening of airplane exit doors could be subject to a fine of VND10-20 million ($435-870).
The ambassador attributed part of the results to the urgency the government has shown in prioritizing the people’s well-being.
Dato’ Shariffah Norhana Syed Mustaffa, ambassador of Malaysia to Vietnam, believes that Vietnam has prioritized the well-being and protection of its people’s health through decisive and essential measures in the fight against the novel coronavirus.
|Dato’ Shariffah Norhana Syed Mustaffa, Ambassador of Malaysia to Vietnam. Photo: Embassy of Malaysia in Vietnam|
With Vietnam’s intital results in squashing the coronavirus curve, the ambassador has shared her thought on the country’s fighting process in which she is an observer. Hanoitimes has the honor to introduce her notes.
“All over the world, governments are working to contain and minimize the negative impacts brought about by the Covid-19 pandemic. It is a global pandemic that affects every person and all countries. Through my observation, I can see that Vietnam has been doing well in controlling this global virus outbreak.
From the beginning of the outbreak until today, April 30, 2020, Vietnam confirmed a total of 270 cases of Covid-19, of which 225 cases have recovered. Hanoi has the highest number, with 112 patients, followed by Ho Chi Minh City with 54. Despite having limited resources in conducting mass testing upon its citizens, Vietnam has acted swiftly in tackling this issue from the get-go.
In early February, Vietnam began its offensive, acting proactively to contain and minimise the spread of Covid-19 through several initiatives including the suspension of all flights to and from China and a mandatory 21-day quarantine in Vinh Phuc province due to concerns over the health status of migrant workers returning from Wuhan, China.
The early preventative measures and strict border control have given Vietnam an upper hand in controlling the spread of Covid-19 throughout the country. Thus far, Vietnam has miraculously recorded zero cases of mortality and has one of the lowest recorded cases in the world, despite sharing a border with China where the virus was first detected.”
|Ambassador Dato’ Shariffah Norhana Syed Mustaffa distributes face masks to the embassy’s staff. Photo: Embassy of Malaysia in Vietnam|
“Relaying accurate information is also a key factor in controlling the virus outbreak in Vietnam. Having an open media control helped Vietnam in spreading the right message and warning the people about the dangers of Covid-19. The government has also been actively providing essential information to educate people on what they could do to prevent transmission of the virus.
The public’s response towards this initiative showed how influential and instrumental social media networks could be as Vietnamese communities relied on information gathered from these platforms to formulate community-centric strategies on containing the virus. The government learned from observing the dissemination of information how it could build trust and strengthen self-reliance in communities that may have been very susceptible otherwise.
Then, on April 1, 2020, Prime Minister Nguyen Xuan Phuc declared Covid-19 a nationwide pandemic and urged authorities at all levels to focus on efforts to contain the pandemic. The Prime Minister also issued Directive No.16/CT-TTg, which sets out Vietnam’s strongest measures yet for preventing and controlling Covid-19, including restricting people from leaving their homes and banning gatherings of more than two people in public.
Overall, I believe that Vietnam’s results so far have shown that the country is winning the war against Covid-19 partly due to the availability of information, transparency of government and effective communication with the people, as well as, the urgency the government has shown in prioritising the well-being and protection of its people’s health through decisive and essential measures.”
|Consulate-General of Malaysia in HCMC assisting stranded Malaysians in Vietnam. Photo: Embassy of Malaysia in Vietnam|
Answering a question on how the embassy have done and cooperated with local authorities to support Malaysian citizens in Vietnam. The ambassador said:
“Since the decision of the government of Vietnam to implement stricter border control, several stranded Malaysians who are mostly tourists could not go back to Malaysia due to the cancellation of flights. They have reached out to our Embassy in Hanoi and our Consulate-General in Ho Chi Minh City. In such situations, we have been in direct communication with the airlines to charter special flights to Vietnam to ferry our citizens back to Malaysia. So far, we’ve managed to assist almost 300 Malaysians to get on the special flight back to Malaysia from Ho Chi Minh City.
The success of the repatriation of our citizens back to Malaysia would not have been possible without the close cooperation between our side and the Consular Department, Ministry of Foreign Affairs of Vietnam, as well as the Civil Aviation Administration, Ministry of Transport of Vietnam. We are deeply appreciative of the excellent assistance given by Vietnam in this regard.”
“On another note, Vietnam has consistently shared information regarding Malaysians who are being quarantined at government quarantine centres. This sharing of information helps us in assisting our citizens in Vietnam by consolidating such information in these trying times. At the time of writing, there are no Malaysians who are positive with Covid-19 in Vietnam and only two Malaysians are being held at the government centralized quarantine center in Tay Ninh province in the southern part of Vietnam. In this connection, on behalf of the government of Malaysia we would like to convey our deepest appreciation to the Vietnamese side for providing urgent and necessary assistance.”
Facing an opponent with a greater height and arm span, Hoang, holder of two WBA belts, entered the game with caution, avoided direct combat and resorted to an array of jabs and hooks.
Despite not having competed in two years, former pro boxer McDonald chose an offensive approach during the match.
In the second round, a persistent attack by Hoang led a bleeding McDonald to the brink of a knock-out before the bell finally tolled.
As the match neared its end, McDonald gained the upper hand thanks to greater stamina and tolerance, with a surprise counterattack bringing a stunned Hoang to his knees.
Competing for the first time in over a year thanks to Covid-19, Hoang managed to clinch the match after only four rounds based on point supremacy.
“This was a good chance to train and improve my level as I’m preparing for my ultimate goal this year, which is winning a gold medal at SEA Games 31. I gave my best in this match, with my opponent showing great resilience,” Hoang said following his victory.
Hoang will face one more opponent in July, his last before competing at SEA Games 31 in late November.
The match between Hoang and McDonald is the main card of Celebrity Fights: Chef Edition, with the participation of 14 boxers, including eight Vietnamese. Money collected from the event would be reserved for charity initiatives and to help families in unfortunate circumstances.
Three Vietnamese men have been arrested for arranging for 35 Chinese nationals to stay illegally in Ho Chi Minh City.
The municipal Department of Public Security confirmed on Monday morning it had apprehended and initiated legal proceedings against Tran Anh Tai, 47, Dong Duy Tri, 40, and Trinh Minh Hoang, 34.
The arrest was approved by the local People’s Procuracy.
Police investigation showed that Tai and Tri had colluded with Hoang, owner of Symphony Hotel in District 1, to organize the illegal stay of many Chinese citizens at the hotel.
Following their stay, the Chinese would be transported to the Mekong Delta province of An Giang to enter Cambodia unlawfully.
On March 6, police officers discovered 35 Chinese people staying illegally at Symphony Hotel.
They were brought to a local quarantine center and tested for COVID-19, while the hotel was fumigated and temporarily fenced off.
The lockdown was later lifted after the 35 Chinese tested negative for the novel coronavirus.
At the police station, Tai, Tri, and Hoang admitted to committing the offense to pocket extra money.
Further investigation is ongoing.
According to Vietnamese law, organizing for others to illegally enter or stay in Vietnam is punishable by one to 15 years in prison, depending on the severity of each case.