State-owned enterprises will have to switch to non-cash payments
from March, according to a decree issued by the Vietnamese
government last month, the Vietnam News reported.
Cash will not be permitted for any financial transactions
including capital contribution, share trading, lending and
borrowing between companies, the report said. Vietnam began a
project aimed at limiting cash use in 2006, envisaging that by
2015 cash transactions in the economy will be below 11 percent.
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.
(Hanoi Newsroom; Editing by Subhranshu Sahu)