Vietnam, Cambodia launch cross-border QR payment link
Vietnam and Cambodia have officially launched a bilateral cross-border QR payment link, allowing their peoples to scan QR codes to make payments in each other’s country using their local currency.
Governor of the State Bank of Vietnam Nguyen Thi Hong and Governor of the National Bank of Cambodia Chea Serey at the launching ceremony of the Vietnam-Cambodia cross-border QR payment link (Photo: NBC)
Phnom Penh (VNA) – Vietnam and Cambodia haveofficially launched a bilateral cross-border QR payment link, allowing their peoples to scan QR codes to make payments in each other’s countryusing their local currency.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hongand Governor of the National Bank of Cambodia (NBC) Chea Serey chaired thelaunching ceremony in Cambodia’s Siem Reap province on December 3.
A press release from the NBC said that the new paymentsystem aims to facilitate safe, convenient, secure, and affordable cross-borderpayments, promoting the use of local currencies.
It is expected to particularly benefit Cambodian andVietnamese citizens, especially tourists and merchants, stated the pressrelease.
It said that the effort follows a memorandum ofunderstanding inked by the two central banks on November 8, 2022. Afterthe signing, technical working groups from both sides met to discuss themodality of the linkage, agreeing to utilise a sponsorship model for theproject.
Illustrative image (Source: Internet)
The cross-border QR payment system enables customers and thepublic to purchase goods and make payments in Khmer riel (KHR) in Vietnam, whileallowing Vietnamese to use Vietnamese dong in Cambodia by scanning KHQR codesprovided by approximately 1.8 million Cambodian merchants.
KHQR is a popular quick response (QR) code system created forretail payments in Cambodia. In 2022, the NBC launched the KHQR code paymentservice, aimed at promoting retail payments using mobile phones in Cambodia.
Along with Vietnam, Cambodia has also set up bilateralcross-border QR payment links with Thailand and Laos./.
Chairwoman of the Vietnam-Cambodia Friendship Association Nguyen Thi Thanh and Chairwoman of the Cambodia-Vietnam Friendship Association Samdech Men Sam An on November 12 co-chaired a conference in Tay Ninh province to review the one-year implementation of a memorandum of understanding (MoU) on coordination between the two associations for the 2022-2027 period.
Nearly 500 Cambodian students have received support from Vietnamese organisations and individuals under the “Nurturing seeds of Friendship” programme, which was launched by the Vietnam – Cambodia Friendship Association in 2012.
National Assembly (NA) Chairman Vuong Dinh Hue held talks with his Cambodian counterpart Samdech Khuon Sudary after an official welcome ceremony for the Cambodian NA leader in Hanoi on December 1.
The official visit by Cambodian National Assembly (NA) President Samdech Moha Rathsapheathika Thipadei Khuon Sudary reaffirmed the importance that Cambodia attaches to its relations with Vietnam and helped enhance the relations between the NAs of the two countries, said Chairman of the NA’s Committee for External Relations Vu Hai Ha.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Governor of the State Bank of Vietnam Nguyen Thi Hong and Governor of the National Bank of Cambodia Chea Serey at the launching ceremony of the Vietnam-Cambodia cross-border QR payment link (Photo: NBC) 
Illustrative image (Source: Internet) 
