WORDS ON THE STREET 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 / Trade - Service
Vietnam gov’t to fully integrate e-payment on public portals before Sept 15
Hai Yen 13:17, 2020/09/09
Online payment is essential as the government targets to provide at least 30% of online public services at advanced stages of 3 and 4 in 2020.

The Vietnamese government aims to fully integrate the online payment function on the national public services portal by September 15, aiming to ensure convenience for the people and businesses in realizing public services, according to Mai Tien Dung, minister of the Government Office.

 Minister of the Government Office Mai Tien Dung. Photo: VGP. 

Since its launch on December 9, 2019, the portal has seen over 61 millions of visits and over 16.5 million applications under processing, said Mr. Dung at a meeting on September 9.

Meanwhile, the portal started providing online payment function since March. As of September 7, over 11,000 online payment transactions have been made, in which around 4,000 transactions were recorded in July and August with an average transaction value of VND5 billion (US$215,400) per month.

This showed a major improvement in the payment services, as well as huge efforts from the State Bank of Vietnam (SBV) and other commercial banks in supporting the people and businesses, stated Mr. Dung.

According to Mr. Dung, the government targets to provide at least 30% of online public services at advanced stages of 3 and 4 out of the 4-scale level in 2020, therefore, the issue of online payment is essential.

Ngo Hai Phan, head of the Government Office’s Administrative Procedure Control Agency, informed 45 out of 63 provinces and cities, seven ministries and state-run Vietnam Electricity (EVN) have completed connecting their respective online payment processors into the national public services portal.

Meanwhile, four banks, including Vietcombank, Vietinbank, Agribank and BIDV, and four intermediary payment service providers (VNPTPay, Ngan Luong, Momo, Payoo) have also completed the integration process to ensure smooth operation of the payment system via accounts from 38 out of 46 operational banks in Vietnam.

Currently, the portal offers online payments for (i) fees and financial obligations related to administrative procedures; (ii)  payment of social and health insurance premiums; (iii) payment of administrative fines for non-compliance with road traffic regulations; (iv) payment of taxes; (v) payment of the electricity bill.

Statistics revealed 56% of users in the portal used the online services function in the portal to pay social and health insurance premiums; while 23.6% used it for paying administrative fees and  18% accessing it for paying fines.

RELATED NEWS
TAG: Vietnam online payment E-payment national public services portal e-government
Other news
20:11, 2024/07/23
Vietnam targets US$7,500 GDP per capita by 2030
By the end of this decade, Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness.
16:07, 2024/07/20
Gov’t mulls creation of oil and gas trading exchange
Such a platform would help minimize price manipulation, ensure a flexible pricing mechanism, and improve the distribution and circulation of oil and gas.
21:59, 2024/07/19
Hanoi promotes women's role in safe agri-food trade
The city will focus on strengthening enforcement of food safety regulations in food production and trade facilities.
16:17, 2024/07/17
Vietnam’s stock market set for strong year-end growth
The projected P/E ratio for the VN-Index this year is 11.5, below the 5-year average of 13.4, potential for the benchmark to rise in the second half of the year and 2025.
09:56, 2024/07/17
Hanoi ramps up food safety inspections, identifying and rectifying violations
The city's health department will continue to carry out regular, specialized and random inspections.
16:37, 2024/07/16
Vietnam under pressure to achieve high growth in 2024-2025
The Government's best-case growth scenario for 2024 is 6.5-7%, higher than the goals set by the National Assembly and forecasts by international organizations.