Dang Hoang Hai, Head of the Ministry of Industry and Trade’s Department of E-commerce and Digital Economy; Pham Trung Kien, Director General of Viettel Digital, Phung Anh Tuan, Vice President and General Secretary of the Viet Nam Association of Financial Investors According to the Central Institute for Economic Management, the use of cash for payments is a deep-rooted habit in Viet Nam with cash transactions accounting for 90%. Up to 99% of population use cash for payments of less than VND100,000 and nearly 85% use ATMs for cash withdrawal, reported the Institute. Dang Hoang Hai, Head of the Ministry of Industry and Trade’s Department of E-commerce and Digital Economy. Photo: VGP Recent developments of non-cash payments Dang Hoang Hai: Data shows that there have been fast-changing trends, including non-cash payment in our society. Accroding to the State Bank of Viet Nam, non-cash transactions grew by 30% in terms value of non-cash payments increased by 18% in … [Read more...] about Should telecom accounts give strong boost to cashless payment development?
1. We, the Foreign Ministers of the Association of Southeast Asian Nations (ASEAN), met on 31 July 2019 at the 52nd ASEAN Foreign Ministers’ Meeting (AMM) in Bangkok. We underlined the need to further strengthen cooperation and advance our partnership to ensure sustainability in all dimensions for ASEAN amidst the rapid changes in Southeast Asia and beyond. ASEAN COMMUNITY-BUILDING 2. We reaffirmed our commitment to the full and effective implementation of the ASEAN Community Vision 2025 and the ASEAN Leaders’ Vision Statement on Partnership for Sustainability. We reaffirmed the importance of maintaining ASEAN centrality and unity in our community-building efforts, engagement with external partners and regional architecture. We commended the ongoing work of all ASEAN Sectoral Bodies and Organs for progress in the implementation of the ASEAN Political-Security Community (APSC), ASEAN Economic Community (AEC), and ASEAN Socio-Cultural Community (ASCC) … [Read more...] about Joint Communique of 52nd ASEAN Foreign Ministers’ Meeting
False denunciations Under Decree 31/2019/ND-CP, dated April 10, 2019, providing detailed regulations and measures for implementing the Law on Denunciations, civil servants shall be subjected to criminal charges if they make false denunciations. The Decree shall take effect since May 28. Support for human resources development of SMEs Decree 05/2019/BKHDT of the Ministry of Planning and Investment on support for the human resources development of small and medium-sized enterprises (SMEs) shall take effect since May 12. Accordingly, the State budget will sponsor 100% of expenditures for students of the SMEs located at disadvantaged areas and owned by women. Laborers and managers of the SMEs will be provided with accounts to join the online training courses on websites or smart phones. New emission standards for second-hand vehicle imports Decision No. 16/2019/QD-TTg prescribes the schedule of application of emission standards for vehicles used on roads and … [Read more...] about Fresh policies take effect since May
Tontine interest rates Under Decree 19/2019/ND-CP on tontine, since April 5, interest rate in interest-bearing tontine is agreed by the tontine members or offered by every tontine member but not exceeding 20% (Article 21). Tontine member is a person aged at least 18 years of age. With regard to a person aged from fifteen to under eighteen, if the private property is real estate or movable property required for registration to participate in the tontine, he/she must obtain the consent of his legal representative (Article 5). In addition, the tontine must be organized in compliance with basic rules of civil law in accordance with Article 3 of the Civil Code (Clause 1 Article 3). Tontine holder is a person aged at least 18 years and must notify the local People’s Committee of commune in writing of organization of a tontine group which is at least VND 100 million (Articles 6 and 14). The new Decree replaces Decree 144/2006/ND-CP, dated November 27, 2006. New regulations on … [Read more...] about Fresh policies come into force since April
Photo: VFF The Vietnam Football Federation (VFF) has co-operated with VinID to launch ticket sales through Vingroup's VinID app in a 3-in-1 service. The app will allow customers to buy tickets, pay, and use a code. This will be the first time that the VFF has distributed tickets in this manner through the VinID mobile app. This method of selling tickets will also be applied to all home matches played by the Vietnamese national team at the My Dinh Stadium during the second qualifying round of the 2022 World Cup. The VFF will also apply a check-in form that features a ticket code for fans. Ticket checks will be made via the app at Door No.5 on the second floor of stand B at the My Dinh stadium. In order to purchase a ticket for the matches in Group G, customers only need to download or update the VinID app on the IOS or Android platform, then open the “Buy Ticket” feature. Once this is done fans simply need to select the ticket option and quantity before making an online … [Read more...] about Ways to purchase tickets for Vietnam – Malaysia World Cup qualifier