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Official Gazette

Wednesday, October 23, 2019
Tags: non-cash payment
Government puts forward solutions for higher international rankings Government puts forward solutions for higher international rankings
Vietnam will strive to increase its international rankings in terms of business environment and competitiveness in order to adapt itself to the new production system in the Fourth Industrial Revolution, according to a resolution adopted by the Government on the first day of 2019.
Government intensifies support for non-cash payment methods Government intensifies support for non-cash payment methods
The Government required the State Bank of Vietnam to report on a project exploring depositing cash into electronic wallets without bank payment accounts, according to Resolution 02 released on the first day of 2019.
New payment rules aim to boost Vietnam-China border trade New payment rules aim to boost Vietnam-China border trade
From mid-October, traders and residents in Vietnam-China border areas may use Chinese yuan in certain transactions, according to a regulation issued by the State Bank of Vietnam last month.
Legality of cryptocurrencies in Vietnam remains unclear Legality of cryptocurrencies in Vietnam remains unclear
Bitcoin and other similar virtual currencies like ethereum, ripple and litecoin have become a hot topic among investors. But let’s set aside the worries and excitement and ask a question: are cryptocurrencies lawful in Vietnam?
Banks asked to further develop mobile payment Banks asked to further develop mobile payment
By 2020, at least 300,000 point-of-sale machines will be installed with the number of transactions reaching around 200 million per year.
Decision No. 2545/QD-TTg Decision No. 2545/QD-TTg
approving the Scheme on development of non-cash payment in Vietnam during 2016-2020
Official Gazette issues Nos 4-6 January 2017 coming out on April 5 2017 Official Gazette issues Nos 4-6 January 2017, coming out on April 5, 2017
Government keen on reducing cash payment Government keen on reducing cash payment
Vietnam will strive to cut down the proportion of cash in the total payment instruments to lower than 10% by the end of 2020.
New regulations on e-money virtual currencies to be drafted New regulations on e-money, virtual currencies to be drafted
The Ministry of Justice is building a draft scheme on improving the legal framework for management and handling of virtual property, e-money and virtual currencies to be presented to the Government.
SBV enumerates non-cash payment instruments SBV enumerates non-cash payment instruments
The State Bank of Vietnam is working on a draft decree revising Decree No. 101/2012/ND-CP on non-cash payment.

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