KTFA:
Samson: Vietnamese Government plans pilot application of new payment services
21st March, 2018
According to the SBV’s Payment Department, cashless payment is becoming a trend in Việt Nam. Cash payment has reduced from 14 per cent in 2010 to 12 per cent at present
HÀ NỘI — Deputy Prime Minister Vương Đình Huệ has asked relevant bodies to report a pilot plan on applying new payment services to Prime Minister before April this year.
Accordingly, State Bank of Việt Nam (SBV), in conjunction with other relevant bodies, must scrutinise and build up legal frameworks for the management and pilot application of the services.
The new payment services will mainly relate to public services, such as tax, electricity, water, tuition, hospital fees and social and public welfare programmes.
Notes From The Field By Simon Black
March 21, 2018 Tokyo, Japan
Congress quietly formed a committee to bail out 200 pension funds
The US pension system has gotten so bad, Congress is actually planning for its failure.
As the government was working on the recent, new budget deal and subsequent boost in government spending, Congress quietly snuck in a provision that forms a committee which would use federal funds to bail out as many as 200 “multiemployer” pension plans – where employers and labor unions jointly provide retirement benefits to employees.
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