Three mobile network operators - Viettel, VNPT and MobiFone - have applied for the implementation of their own Mobile Money pilot projects (Illustrative photo: VNA)
Hanoi (VNA) –Three mobile network operators - Viettel, VNPT and MobiFone - have applied forthe implementation of their own Mobile Money pilot projects.
These projects will allow the use of mobile phone credit to pay for small-valuegoods and services.
The Ministry ofInformation and Communications (MIC), the Ministry of Public Security (MPS) andthe State Bank of Vietnam (SBV) had worked together to assess the projects,Deputy Governor of the SBV Nguyen Kim Anh told Tuoi tre(Youth) newspaper.
The application dossiers for licences have been sent back to the firms forimprovement, in accordance with the Prime Minister’s Decision regarding thepilot run of the services, he added.
The Decision statesthat firms operating the services must apply artificial intelligence (AI) andbig data at points of sale to verify users, as well as devise mechanisms tokeep watch on the cash transactions and ensure the accurate amounts.
According to the SBV,upon the completion of procedures, the providers will be allowed to pilot theservices for two years.
Approval of theproject aims to bolster cashless payments via mobile devices as well as accessto and use of financial services, particularly in rural and remote areas, tocapitalise on the country’s telecommunications infrastructure and network.
The credit limit willbe no more than 10 million VND (435 USD) per month for all transactions on eachaccount.
Vietnam has around129.5 million mobile subscriptions, around half of which use 3G and 4G, and43.7 million, or 45 percent of the population, using smartphones.
According to theGlobal System for Mobile Communications Association (GSMA), Mobile Moneycurrently covers 290 different types of transactions in 95 countries worldwidewith 1.04 billion registered accounts. Mobile Money transfer agents worldwideare seven times more common than ATMs and 20 times more than bank branches./.
Prime Minister Nguyen Xuan Phuc has approved the pilot application of 'mobile money', which allows the use of mobile phone credit to pay for small-value goods and services.
The successful implementation of Mobile Money, a pilot project that will pave the way for payments of limited value to be conducted using telecommunications accounts, is one of the major targets of the Ministry of Information and Communications (MIC).
Vietnam is marching towards becoming a cashless society with new methods of electronic payments being deployed widely, but security risks come hand in hand with new technologies and applications.
Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting. These services will allow the use of mobile phone credit to pay for small-value goods and services.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Three mobile network operators - Viettel, VNPT and MobiFone - have applied for the implementation of their own Mobile Money pilot projects (Illustrative photo: VNA) 
