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Official Gazette

Wednesday, May 19, 2021
Tags: payment accounts
New regulations on tax administration New regulations on tax administration
The guiding text of the 2019 Law on Tax Administration has recently been issued by the Government with a series of new provisions designed to create convenience for taxpayers and reduce tax-related compliance costs while increasing the effectiveness of tax administration activities.
Govt targets to reduce road fatality by at least 5 percent annually Gov’t targets to reduce road fatality by at least 5 percent annually
Fatalities and injuries caused by traffic accidents are set to drop by 5-10 percent annually in the next decade, according to the national strategy for assurance of road traffic order and safety during 2021-30, with a vision toward 2045.
Glossary of digital transformation terms Glossary of digital transformation terms
Central bank allows eKYC for online opening of payment accounts Central bank allows eKYC for online opening of payment accounts
Banks may apply an electronic Know-your-Client (eKYC) process to open payment accounts, instead of the traditional face-to-face one.
Program on national digital transformation approved Program on national digital transformation approved
The Prime Minister on June 3 signed Decision 749/QD-TTg to approve the national program on digital transformation until 2025, with a vision toward 2030, aiming to make Vietnam among the world’s top 50 countries in terms of the E-Government Development Index (EGDI).
Official Gazette issues Nos 01-04/2020 available on April 21 2020 Official Gazette issues Nos 01-04/2020, available on April 21, 2020
SBV guides payment for goods in border-gate transfer SBV guides payment for goods in border-gate transfer
Payment for goods in border-gate transfer must be conducted via authorized banks, the State Bank of Vietnam requires in a draft circular guiding payment and money transfer for goods in border-gate transfer.
Law-based state management of e-commerce in Vietnam Law-based state management of e-commerce in Vietnam
According to Prime Minister Decision 222 of 2005 approving the overall plan on e-commerce development during 2006-10, the State plays the role of creating a favorable legal environment, while providing public services to assist e-commerce activities, and developing e-commerce in connection with the application and development of information and communication technology.
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.

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