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transfer

Cashless payment promoted in remote areas

Cashless payment promoted in remote areas

The National Payment Corporation of Việt Nam (NAPAS) in co-ordination with the Việt Nam Bank for Social Policies (VBSP) has launched NAPAS 247 Quick Transfer and NAPAS 247 Quick Transfer via VietQR Code on the bank’s mobile banking app (VBSP...
Nearly 60 per cent of digital consumers in Viet Nam use fintech solutions

Nearly 60 per cent of digital consumers in Viet Nam use fintech solutions

According to the report, this is a period when Vietnamese digital consumers use more platforms than ever before, with the dominance of the e-commerce market accounting for 51 per cent of online spending.
NAPAS expands transfer-via-QR-code network

NAPAS expands transfer-via-QR-code network

The National Payment Corporation of Vietnam (NAPAS) has expanded its NAPAS247 Quick Transfer via VietQR Code network to include five new banks.
Shinhan Bank waives transfer, cash withdrawal fee for customers using eKYC

Shinhan Bank waives transfer, cash withdrawal fee for customers using eKYC

Shinhan Bank Vietnam Limited has waived transfer and cash withdrawal fees at ATMs for individual customers using eKYC services until December 31 this year.
Vietcombank waives all money transfer fees from January 1

Vietcombank waives all money transfer fees from January 1

Vietcombank announced that it will waive fees for maintaining services and money transfer transaction on VCB Digibank application from January 1.
Sacombank launches 24/7 interbank money transfer service using VietQR code

Sacombank launches 24/7 interbank money transfer service using VietQR code

Sacombank and the Vietnam National Payment Corporation (Napas) have launched the Napas 24/7 Quick Money Transfer Service using VietQR code, referred to as QR IBFT (VietQR is a QR code format exclusively for QR IBFT service).
VietQR launched to promote digital transformation in banking sector

VietQR launched to promote digital transformation in banking sector

Việt Nam National Payment Corporation (NAPAS) and 14 banks on Tuesday officially announced VietQR brand identity and Napas247 Quick Money Transfer Service by QR code.
Siemens helps to develop future engineering students in Viet Nam

Siemens helps to develop future engineering students in Viet Nam

The launch of the centre, which followed a sponsoring package worth about VND3.5 billion (over US$150,000) handed-over by Siemens to Can Tho University.  
FDI enterprises increase but more losses reported

FDI enterprises increase but more losses reported

The number of foreign direct investment (FDI) enterprises continues to increase in Viet Nam, but more are reporting losses. The Ministry of Finance (MoF) said FDI firms'' contributions were not yet commensurate with the preferential policies given to them.
New decree to prevent transfer pricing, limit thin capitalisation

New decree to prevent transfer pricing, limit thin capitalisation

The Government’s recently-issued Decree 132/2020/NĐ-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market.
Guiding decrees needed to fight with transfer pricing

Guiding decrees needed to fight with transfer pricing

Anti-transfer pricing measures were included in the law on tax administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.
Shinhan Bank offers free online money transfer

Shinhan Bank offers free online money transfer

Shinhan Bank’s individual customers are being offered free domestic money transfer transactions via its internet banking and Mobile Banking SOL app from now until the end of April.
Seventeen banks slash interbank transfer fees from Tuesday

Seventeen banks slash interbank transfer fees from Tuesday

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VND500,000 (US$22) following the move of the National Payment Corporation of Viet Nam (NAPAS) to cut switching fees with an aim to...
Property industry business group calls on HCM City to ease developers pain

Property industry business group calls on HCM City to ease developers’ pain

The HCM City real estate market is facing several problems like multiple agencies having overlapping functions and other administrative bottlenecks, high land-use fees and suspension of all build-transfer projects.
Bank loans to BOT, BT infrastructure projects worth 4.72 billion

Bank loans to BOT, BT infrastructure projects worth $4.72 billion

Bank loans for build-operate-transfer (BOT) and build-transfer (BT) infrastructure projects in the year to September reached nearly VND110 trillion (US$4.72 billion), up 1.85 per cent against the end of 2018.