On 9 March 2021, the Prime Minister issued Decision 316/QD-TTg to approve the "mobile money" pilot, which allows the use of telecommunications accounts to pay for small value goods and services. This pilot will last for two years.
The pilot will be implemented nationwide, with eligible piloting entities being those licensed to provide electronic wallet payment intermediary services, and licensed established public mobile territorial telecoms networks (or subsidiaries with authorisation from a qualified telecoms company).
The "mobile money" transactions may be used for payment of goods and services in Vietnam, or transfer of funds between mobile money accounts. The maximum transaction limit of an account is VND 10 million per month for all transactions, including withdrawals, transfers, and payments.
