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The Vietnam National Administration of Tourism noted that from January to April 2018, 1.8 million Chinese tourists visited the country, 32% of total international arrivals. With Chinese travelers so accustomed to using e-wallets, it is easy to understand why some retailers would be tempted to set up similar point of sale (POS) counters that support the popular QR Code.
Stories of certain Chinese-owned shops in Vietnam using unauthorized Chinese-issued payment POS (point-of-sale) machines to accept Chinese card and QR-code payment from Chinese tourists travelling to Vietnam have been highlighted by Vietnamese media recently, raising concerns about unauthorized foreign currency payment and tax losses involving visiting Chinese tourists.
For example, by mid-May in Ha Long city on the shores of famed...