Vietnam intensifies non-cash payments for public servicesPrime Minister Nguyen Xuan Phuc has approved a scheme to intensify payments for public services via banks, including tax, electricity, water, hospital and learning fees. Specifically, by 2020 80 percent of tax payment transactions in central-level and provincial-level cities are hoped to be implemented via banks, while all State treasuries will have cashless payment devices. The scheme also targets non-cash payments being accepted by 70 percent of power companies, 70 percent of water companies, 100 percent of universities and colleges and 50 percent of hospitals in major cities. According to the State Bank of Vietnam’s Payment Department, non-cash payment is becoming a trend in Vietnam as the use of cash is falling. There are some 60 organisations providing internet banking payment services and 30 organisations providing mobile banking payment services.


Source:   VietNamNet News
March 02, 2018 09:11 UTC