Laos, Thailand launch cross-border QR payment

By Vietnam News Agency
Thu, April 4, 2024 | 8:33 pm GMT+7

Laos and Thailand launched cross-border QR payment linkage on Wednesday, aiming to promote innovation and access to financial services for the benefit of their people.

 Laos and Thailand launch the cross-border QR payment linkage at a ceremony held in northern Laos' Luang Prabang province on April 3. Photo courtesy of Vietnam News Agency.

Laos and Thailand launch the cross-border QR payment linkage at a ceremony held in northern Laos' Luang Prabang province on April 3. Photo courtesy of Vietnam News Agency.

Addressing the launching event, Governor of the Bank of Laos Bounleua Sinxayvoravong said the implementation of cross-border QR payment is an important step in the development of Lao financial industry because Thailand is the country’s No 1 trading partner.

It not only facilitates cross-border financial transactions, especially by micro, small and medium enterprises (MSMEs) and consumers, in a safe, effective and cost-attractive manner, but also helps labourers working in the two countries easily transfer money back home, and promote cashless payment in society and trade between the two countries, he continued.

Besides Thailand, Laos also has cross-border QR code payment cooperation with Cambodia.

Comments (0)
  • Read More
Central Vietnam economic zone seeks strategic investors for mega urban area projects

Central Vietnam economic zone seeks strategic investors for mega urban area projects

The Dung Quat Economic Zone (EZ) in the central province of Quang Ngai is expected to undergo a transformation with the recent approval of large-scale real estate projects.

Real Estate - Fri, July 18, 2025 | 12:43 pm GMT+7

Vietnamese firms dominate green two-wheeler market

Vietnamese firms dominate green two-wheeler market

With steady growth over the years and a breakthrough in the first half of 2025, Vietnam’s electric motorbike market is expanding rapidly, with domestic companies taking the lead in this green transition.

Economy - Fri, July 18, 2025 | 11:46 am GMT+7

Vietnam's stock market status upgrade to be strong boost to fund industry

Vietnam's stock market status upgrade to be strong boost to fund industry

The upgrade of Vietnam’s stock market status from “frontier” to “emerging” will have positive impacts on the market in general and the fund industry in particular, according to regulators and investment funds.

Finance - Fri, July 18, 2025 | 11:12 am GMT+7

Vietnam government's investment arm SCIC receives $326 mln in dividends, profit distributions in 2024

Vietnam government's investment arm SCIC receives $326 mln in dividends, profit distributions in 2024

The State Capital Investment Corporation (SCIC), Vietnam’s government investment arm, received VND8.5 trillion ($325.5 million) in dividends and profit distributions from 43 companies within its portfolio in 2024, according to its latest report.

Companies - Fri, July 18, 2025 | 8:26 am GMT+7

HCMC, Astana International Financial Center promote cooperation to develop Vietnam’s international financial center

HCMC, Astana International Financial Center promote cooperation to develop Vietnam’s international financial center

Vietnam and Kazakhstan are focusing on strengthening cooperation in the financial sector, particularly between Ho Chi Minh City and the Astana International Financial Center (AIFC), located in Kazakhstan's capital.

Finance - Thu, July 17, 2025 | 11:52 pm GMT+7

FTSE Russell praises Vietnam for strong reform efforts

FTSE Russell praises Vietnam for strong reform efforts

Representatives of FTSE Russell, a member of the London Stock Exchange Group, on Thursday said they highly evaluate Vietnam's strong reform efforts and commit to continue accompanying the country in the process of market modernization.

Finance - Thu, July 17, 2025 | 11:40 pm GMT+7

Developer of Southeast Asia’s largest exhibition center has new CEO

Developer of Southeast Asia’s largest exhibition center has new CEO

Tran Mai Hoa, chairwoman of Vincom Retail - the retail arm of Vietnamese private conglomerate Vingroup, has been appointed as new CEO of Vietnam Exhibition Fair Center JSC (VEFAC).

Companies - Thu, July 17, 2025 | 9:35 pm GMT+7

Vietnam’s offshore oil field produces first commercial oil ahead of schedule

Vietnam’s offshore oil field produces first commercial oil ahead of schedule

The Kinh Ngu Trang-Kinh Ngu Trang Nam (White Whale-White Whale South or KNT-KTN) oil field, located in Block 09-2/09 off Vietnam's southern coast, welcomed its first oil flow on Monday, one day ahead of schedule.

Economy - Thu, July 17, 2025 | 4:03 pm GMT+7

Leading developer Becamex vows to develop eco-industrial parks in Vietnam

Leading developer Becamex vows to develop eco-industrial parks in Vietnam

Becamex IDC Corp, a leading urban and industrial park developer based in Ho Chi Minh City, is committed to integrating international sustainability standards into the practical operations of its industrial parks in Vietnam, said CEO Nguyen Hoan Vu.

Industrial real estate - Thu, July 17, 2025 | 3:49 pm GMT+7

Northern Vietnam province to address traffic problem for Foxconn’s plant

Northern Vietnam province to address traffic problem for Foxconn’s plant

Authorities in Vietnam’s northern province of Bac Ninh are working to resolve traffic congestion around the Quang Chau Industrial Park in response to concerns raised by Foxconn, a Taiwanese electronics giant and key supplier to Apple.

Companies - Thu, July 17, 2025 | 3:33 pm GMT+7

China firm plans wind power blade manufacturing project in central Vietnam

China firm plans wind power blade manufacturing project in central Vietnam

China's Zhuzhou Times New Material Technology Co., Ltd is proposing a wind power blade manufacturing project in the south-central coastal province of Khanh Hoa.

Energy - Thu, July 17, 2025 | 3:20 pm GMT+7

Investor awareness key to Vietnam’s stock market status upgrade: regulator

Investor awareness key to Vietnam’s stock market status upgrade: regulator

The Investor introduces the speech by Vu Thi Chan Phuong, chairwoman of the State Securities Commission (SSC), at the seminar "Raising investor awareness towards stock market status upgrade" in Hanoi on Thursday.

Finance - Thu, July 17, 2025 | 11:58 am GMT+7

S Korean firm apologizes for employee's assault in Hanoi

S Korean firm apologizes for employee's assault in Hanoi

South Korea's Segyung Hi-Tech, with a subsidiary in the northern Vietnam province of Bac Ninh, on Wednesday issued a formal apology for its employee making an assault on two Vietnamese women in Hanoi.

Companies - Thu, July 17, 2025 | 10:23 am GMT+7

Vietnam’ steel giant Hoa Phat reports 30% profit surge in Q2

Vietnam’ steel giant Hoa Phat reports 30% profit surge in Q2

Vietnam’s largest steelmaker, Hoa Phat Group, posted after-tax profit of VND4.3 trillion ($164.4 million) in Q2/2025, up nearly 30% compared to both Q2/2024 and Q1/2025.

Companies - Thu, July 17, 2025 | 9:43 am GMT+7

Vietnam's fund management industry has chance to make breakthrough development: exec

Vietnam's fund management industry has chance to make breakthrough development: exec

Tax incentive policies will help people have confidence in investment funds and create a habit of long-term and disciplined investment, writes Nguyen Hang Nga, general director of Vietcombank Fund Management Company Limited (VCBF), a joint venture between state-controlled Vietcombank and Franklin Templeton Investments (FTI).

Consulting - Thu, July 17, 2025 | 8:52 am GMT+7

The Investor's seminar 'Raising investor awareness towards stock market status upgrade' is taking place

The Investor's seminar 'Raising investor awareness towards stock market status upgrade' is taking place

The Investor and its Vietnamese-language sister Nhadautu.vn will hold a seminar titled “Raising investor awareness towards stock market status upgrade” in Hanoi on Thursday, July 17.

Finance - Thu, July 17, 2025 | 7:30 am GMT+7