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Update news payment method
The draft decree to replace Decree 101 on non-cash payments stipulates that telecom network operators can provide payment services and that users can be identified with phone numbers.
E-wallets are believed to be a very promising business field in Vietnam, but the market is now controlled by foreign firms.
VietNamNet Bridge - No bank cards or wallets are necessary. Just tap the ring integrated with NFC (Near Field Communication) chip at a POS (point of sale), and a payment transaction will be implemented.
Having tasted bitterness in doing business with Chinese enterprises, Vietnamese say it’s not the time to make a break with Chinese.
VietNamNet Bridge – People, who buy houses, cars and valuable assets, would have to make payment through banks, not to pay in cash.