Government gives green light to mobile money project
Illustrative image (Source: cafef.vn)
This move comes under the spotlight in a resolution freshly signed by the Prime Minister, reviewing the outcomes of the Government’s regular meeting in March.
The scheme is projected to permit a telecommunications firm to pilot a mobile payment service that is not linked to consumers’ bank accounts.
Previously during a January conference that detailed missions for the Ministry of Information and Communications in 2019, the Government leader gave his approval to the pilot scheme on using telecommunications accounts to pay for digital contents and low-value e-commerce products.
In another financial move, the Government demanded that the State Bank of Vietnam maintain a flexible and proper monetary policy with the aims of curbing inflation, maintaining macroeconomic stability, and bolstering overall economic growth.
Noticeably, the central bank was requested to direct credit institutions take over efficient solutions on increasing credit growth in line with the tight control of credit quality. Accordingly, focus should be placed on prioritized fields, the facilitation of production and business, and the growth of legal consumer credit in a bid to roll back “black credit”.
The Government also asked that the pace of restructuring credit institutions, especially poor-performing ones, be stepped up in association with bad debt settlement according to Resolution No.42/2017/QH14 issued by the National Assembly and the Prime Minister’s Decision No.1058/QD-TTg dated the same year.
Further efforts are required to perfect the nation’s comprehensive financial strategy.
Other ministries, agencies, and localities were ordered to focus on implementing the missions and targets set for 2019 as well as to ease difficulties for businesses.
Related News
Government acts to promote economic diplomacy for national development
20:05 | 04/03/2023 Headlines
PM chairs Government"s regular meeting
15:28 | 03/03/2023 Headlines
Government launches action plan on Hanoi development
16:23 | 20/02/2023 Headlines
Revised Decree 65 to be submitted to Government early next week
12:14 | 06/02/2023 Finance
Latest News
Australian Governor-General wraps up State visit to Vietnam
13:53 | 06/04/2023 Headlines
Vietnam active at UN Human Rights Council’s 52nd session
16:11 | 05/04/2023 Headlines
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM
16:09 | 05/04/2023 Headlines
Việt Nam, US hold 12th political, security, defence dialogue
14:15 | 03/04/2023 Headlines
More News
Private sector remains driving force for economy
14:11 | 03/04/2023 Headlines
State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert
14:10 | 03/04/2023 Headlines
Vietnam"s economy to grow by 6.6% this year: OECD
17:45 | 02/04/2023 Headlines
Bright outlook for Vietnamese tourism in new situation
16:52 | 02/04/2023 Headlines
Vietnam, US hold 12th Political, Security, Defence Dialogue
20:25 | 01/04/2023 Headlines
Vietnam calls for comprehensive, all-society approach to waste management
14:32 | 31/03/2023 Headlines
Many factors support foreign capital flow
13:40 | 30/03/2023 Headlines
Foreign SMEs pour capital into Vietnam
13:37 | 30/03/2023 Headlines
Leaders of aviation firms to be disciplined if employees committed wrongdoings
15:38 | 29/03/2023 Headlines
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Australian Governor-General wraps up State visit to Vietnam
13:53 | 06/04/2023 Headlines
Vietnam active at UN Human Rights Council’s 52nd session
16:11 | 05/04/2023 Headlines
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM
16:09 | 05/04/2023 Headlines
Việt Nam, US hold 12th political, security, defence dialogue
14:15 | 03/04/2023 Headlines
Private sector remains driving force for economy
14:11 | 03/04/2023 Headlines