Da Nang has approved a controlled pilot mechanism for a stablecoin payment project. This model allows international tourists visiting the city to make payments using USDT.
The tax authority has already implemented tax collection for cross-border e-commerce platforms from 102 foreign suppliers, including Facebook, Google, etc.
Total outstanding credits in Vietnam dong with preferential interest rates for export enterprises in the city reached VND105 trillion ($4.17 billion) in the past ten months.