70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Banking & Finance
Vietnam government steps up e-payment to prevent Covid-19
Hai Yen 16:05, 2020/03/11
Vietnam’s government is scheduled to integrate an additional 15 – 20 public online procedures to the national public services portal on March 13, with a focus on e-payment services.

Amid the spread of Covid-19 epidemic, the collection of fees for online public services through e-payment methods has significant meaning as it minimizes interactions and creates convenience for enterprises and citizens, according to Mai Tien Dung, minister – chairman of the Government Office.

 Mai Tien Dung, minister – chairman of the Government Office, at the meeting. Source: VGP. 

Vietnam’s government is scheduled to integrate an additional 15 – 20 public online procedures to the national public services portal on March 13, with a focus on e-payment services, Dung said at a government meeting on March 10.

These include collecting administrative fines in road transportation; income taxes; registration fees for automobiles and motorcycles; corporate taxes; and birth registration; among others.

Since the launch of the national public services portal on December 9, 2019, a total of 77,200 accounts have been set up with 20.9 million of visits and over 2.6 million applications, indicating positive responses from the people and enterprises, Dung said.

As of present, 13 out of 22 ministries, and government agencies, as well as all 63 provinces/cities have integrated their respective public online services to the portal.

Dung referred to the instruction of Prime Minister Nguyen Xuan Phuc that the government’s priorities in 2020 focus on administrative reforms and improving the quality and effectiveness in serving the people and enterprises.

“Efforts to reform public online services would bring substantial benefits to the people during the Covid-19 epidemic,” Dung concluded.

The main benefit of the national public services portal is to ensure full transparency of administrative procedures, enabling individuals and organizations to track the progress of processing public services and responsibilities of government agencies.

By logging in to the website https://dichvucong.gov.vn through a single account, citizens and enterprises could access all online public services provided by ministries and provinces from anywhere and at anytime.

The use of the portal is estimated to save VND4.22 trillion (US$181.54 million) per year for state budget. The figure would continue to rise with more online public services integrated into the portal.

As of present, just 40% of citizens in Vietnam have bank accounts. However, the majority of daily transactions are conducted in cash. Under the plan on non-cash payment in Vietnam in the 2016 - 2020 period approved by the prime minister, by the end of 2020, the ratio of cash transactions will be reduced from 90% in 2016 to below 10%. 

TAG: Vietnam e-government E-payment covid-19 coronavirus nCoV
Other news
18:20, 2024/05/09
Vietnam's non-cash payments reach US$9.8 trillion, 23 times GDP
Many of the banking industry's digital transformation goals for 2025 are on track to be met or exceeded.
21:53, 2024/05/04
PM urges Central bank to ensure positive growth in 2024
Local lenders are encouraged to provide incentives and attract individuals to take out consumer loans.
17:07, 2024/05/03
Vietnamese Gov't to continue VAT cut for second half of 2024
If the VAT reduction policy is continued for the last six months of the year, the total revenue loss for 2024 is projected to be approximately VND47.5 trillion (US$1.87 billion).
21:54, 2024/04/23
3,400 taels of gold purchased at the first-in-11-year auction
Gold trading firm SJC and lender ACB are the two successful bidders at the auction held today.
16:19, 2024/04/22
HoSE to launch KRX-developed transaction system in early May
Brokerage firms are expected to prepare data for the transition to the new system.
15:23, 2024/04/22
Central bank moves gold auction to tomorrow
The auction was postponed due to a lack of bidders and escrow deposits.