Deputy PM Vuong Dinh Hue hailed the Republic of
Korea as a cashless payment model that Vietnam wants to follow during a
reception in Hanoi for Director of the RoK’s Alliex Technology Company.
Deputy Prime Minister Vuong Dinh Hue (R) and Director of the RoK’s Alliex
Technology Company Park Byounggun (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue
hailed the Republic of Korea as a cashless payment model that Vietnam wants
to follow during a reception in Hanoi on September 19 for Director of the
Technology Company Park
Hue said Vietnam is embarking on the cashless
payment project, with a focus on standardising payment via QR codes and
improving infrastructure for common points of sale (POS).
According to him, the Vietnamese government has
issued regulations on electronic bills, payment via cards and is striving to
enable online payment for public services.
The Deputy PM said the government has directed the
pilot application of new technologies in the field and wished that Alliex
would work closely with the State Bank of Vietnam to develop a cashless
ecological system in the country.
Park informed his host that during his visit, Alliex
signed a contract with Vietnam’s Vietinbank and Sacombank to build
infrastructure for common POS, contributing to realising the country’s
cashless payment policy.
During the first Vietnam – RoK dialogue on economic
cooperation at the deputy prime ministerial level in June, Alliex expressed
its interest in investing in common POS in Vietnam to help with the
development of the sharing and cashless economy.
The company said it intends to pour 700 million USD
in Vietnam in the next five years to develop common POS, or nearly 600,000
card payment equipment for the market./. VNA