At the workshop "QR Code Payment: Transparency and Unlimited Experience," co-organized by Tap chi Kinh te Viet Nam/Vietnam Economic Times/VnEconomy, the Payment Department (State bank of Vietnam), and NAPAS on November 19, Mr. Mai Son, Deputy Director of the Tax Department, Ministry of Finance (MoF), highlighted that the tax sector is synchronously implementing Resolution No. 68-NQ/TW of the Politburo on development of private economy, and Resolution No. 198/2025/QH15 of the National Assembly on some special policies and mechanisms for development of private economy, focusing on supporting business households to switch from lump-sum tax to tax declaration.
According to Mr. Son, whether it's cash, bank transfer, or QR Payment, each method has its value, but its application must comply with legal regulations and the business conditions of each group.
From the taxpayer's perspective, economic transparency can only be achieved when business activities are conducted openly and verifiably. For small traders, cashless payment methods, especially QR Payment, significantly reduce manual recording and facilitate cash flow tracking.
Simultaneously, tax authorities are working towards building a data connection system between ministries and sectors. When data is synchronized, tax authorities can automatically suggest declarations for businesses, helping them save time, costs, and minimize errors. Combining this data with cashless payments, particularly QR Payment, is expected to lay a foundation for a modern transaction model for businesses.
In terms of management, real-time payments help tax authorities quickly identify unusual transactions. "This is a crucial factor in protecting the input of goods and consumers," Mr. Son emphasized.
From the market and consumer protection perspective, Mr. Nguyen Duc Le, Deputy Head of the Market Management Division under the Domestic Markets Department, the Ministry of Industry and Trade (MoIT), stated that in the digital environment, payment is the final step of all transactions.
The MoIT therefore proposed that during the 2026–2030 period, market management should be based on three pillars: goods must be accompanied by invoices, invoices must be linked to tax obligations, and cash flows must be monitored through the banking system or financial institutions. "When these three factors operate in sync, management activities will be more transparent, and consumers will be better protected in the digital environment," said Mr. Le.
The consensus between the tax and industry sectors shows that cashless payments are not only an inevitable trend but also a foundation for transparent cash flows, enhancing management efficiency, and strengthening consumer trust in the digital economy.
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