DPM: Gov’t advocates non-cash payment in VN

VGP – The Vietnamese Government advocates and has launched regulations on the development of non-cash payment, said Deputy PM Vuong Dinh Hue at his reception for Grab co-founder and CEO Anthony Tan in Ha Noi on October 2.

October 03, 2018 9:40 AM GMT+7

Deputy PM Vuong Dinh Hue receives Grab co-founder and CEO Anthony Tan in Ha Noi, October 2, 2018 - Photo: VGP/Thanh Chung

At the World Economic Forum on ASEAN held in Ha Noi in mid-September this year, representatives of Grab attended the event and suggested the Vietnamese Government promote non-cash payment.

Grab will contribute full tax during its operation in Viet Nam, asserted Mr. Anthony Tan, expecting that the Viet Nam’s laws will allow opening e-wallet account without being connected to a bank payment account and convenience stores to set up e-wallet account as well as applying the e-KYC (electronic Know Your Customer).

Besides, the Grab CEO wished to back Viet Nam in building and launching online payment service for public services within the framework of the e-Government plan.

Deputy PM Hue said that as many as 78 credit organizations in Viet Nam provide non-cash payment through the Internet and give licenses to 27 organizations providing intermediary payment services, e-wallet and e-payment gateway.

Viet Nam’s laws ensure financial safety and anti-money laundering, said Mr. Hue, asking Grab to quickly send documents to Viet Nam’s agencies to carry out non-cash payment and consider expanding its operation in logistics in Viet Nam.

Mr. Anthony Tan confirmed that Grab will join hand with the Vietnamese relevant side to soon expand operation in logistics.

By Thuy Dung