Harambe: Average payments via banks reach 40 billion USD a day | Vietnam+ (6/19/23)
Hanoi (VNA) – Cashless payments are developing rapidly in Vietnam, especially after the COVID-19 pandemic, with transactions via banks averaging 40 billion USD per day, according to Pham Anh Tuan, Director of the State Bank of Vietnam (SBV)’s Payment Department.
Speaking at a recent seminar held as part of Cashless Day 2023, Tuan said that the central bank has set a goal of making cashless payments account for half of all transactions by 2025.
It will prioritise the establishment of a more comprehensive, accessible, and secure payment infrastructure across the country to make digital payment a preferred mode of transactions for all.
The central bank is also drafting a new decree to create a legal framework to promote non-cash payments, he added.
According to an SBV report, more than 75% of adults across the country currently have a bank account.
Interbank electronic payment transactions increased by 52.8% year-on-year in terms of volume in the first four months, it said.
Payment via QR code had the most impressive growth with an increase of more than 161% in quantity and 36% in value.
Cash withdrawals at ATMs continued to decline, falling by 3.5% in quantity and 5.5% in value.
https://en.vietnamplus.vn/average-payments-via-banks-reach-40-billion-usd-a-day-insider/254892.vnp
************
Tishwash: The President of the Republic: Iraq is on the verge of an urban renaissance after approving the budget
The President of the Republic receives the head of the Strategic Council for Foreign Relations in Iran
His Excellency the President of the Republic, Dr. Abdul Latif Jamal Rashid, received today, Monday, June 19, 2023, at the Baghdad Palace, the Head of the Strategic Council for Foreign Relations of the Islamic Republic of Iran, Mr. Kamal Kharrazi, and his accompanying delegation.
At the outset of the meeting, Mr. President welcomed the delegation, as His Excellency affirmed the development witnessed by the Iraqi provinces and cities in light of the consolidation of security and stability in the country. He also welcomed the delegation’s visit to the city of Basra.
His Excellency spoke about the nature of relations between the two countries, pointing to the depth of social, geographical, historical and religious ties and economic interests that bind the two neighboring peoples.
And the President of the Republic indicated that Iraq is on the verge of an urban renaissance after the Parliament approved the general budget, stressing that the establishment of strategic studies centers is one of the indicators of the development of countries as it provides a clear vision for decision-makers in light of the many changes the world is witnessing in the fields of energy and water.
For his part, the head of the Strategic Council for Foreign Relations in the Islamic Republic of Iran expressed his happiness for this visit and meeting with His Excellency the President of the Republic, stressing that the Islamic Republic of Iran supports the security and stability of Iraq.
Kharrazi referred to the efforts made by the late Mam Jalal to expand relations, and praised the role of His Excellency the President in promoting cooperation between the Iraqi and Iranian peoples.
The head of the Strategic Council stressed the interest in developing relations between the two countries, pointing out that Iraq is the gateway to communication with the Arab countries, as he praised in this context Iraq’s efforts to bring views closer to the Kingdom of Saudi Arabia. ink
************
Tishwash: Development Road.. A promising project to attract foreign investments and revitalize the private sector
The Iraqi government relies heavily on the development road project to bring about economic development in terms of infrastructure and investment, and to make Iraq a point of contact for global trade linking the East with the West.
The project includes a land line and a railway linking the Gulf to the Turkish border, which will be known as the development road.
The head of the Transportation and Communications Committee, Zahra Al-Bajari, told Al-Maalouma, “Investments in the path of development will be for foreign and Iraqi companies, and they may be companies from the private sector, and this is a great opportunity to provide job opportunities and activate this sector.”
She added, “The road is one of the very important strategic projects that will provide Iraq’s economy with a set of benefits, the first of which is providing hundreds of thousands of job opportunities, which will affect the stability of the security situation in Iraq.”
On the other hand, Media Director of the Ministry of Transport, Maitham Al-Safi, told Al-Maalouma, that “the development road project will not make Iraq a mere trade corridor because it will be directly linked to the large port of Faw, in addition to that it will contain many industrial and commercial cities.”
Al-Safi added, “The project will serve as an artery for the great port of Faw, through which global trade will pass from the east to European ports.”
He pointed out, “The project will work to open lines connecting a number of governorates to activate tourism directly, whether it is archaeological, religious or recreational.”
On the other hand, the economist, Dr. Safwan Qusay, confirmed to Al-Maalouma that “there are untapped resources in Iraq, especially in Mosul, which possesses sulfur, and Anbar, which contains phosphates and petrochemicals in Basra, and cement in Muthanna, and these resources can be a tributary to the Iraqi economy far away.” About the difficulties of transporting and exporting these commodities through the existence of a path of development.
He added, “The road of development has political, social and environmental dimensions that can contribute to the sustainability of the relationship with the countries of the world, just as it is not against the Silk Road, but rather is considered a complement to this road, and it may contribute to provoking China and pushing it towards investing in Iraq as it is the best site for linking the East.” in the West. link
Mot: … She is Sooo Helpful!! ~~~~~
Mot: … Gotta Love Gramps!!!