Banking & Finance: Vietnam Contemplates Law on Cash Payment.
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Byline: the end of June, local commercial banks installed around 400 automated The State Bank of Vietnam (SBV), the country’s central bank, is trying to raise non-cash settlement ratios among businesses nationwide, which now stood at 79% in the first half, by drafting regulations prohibiting cash transactions of over VND10 million ($636.9) per time. The latest draft decree on cash settlement management stipulates that payments… |