VNZ: VNPAY Partners with HCMC Tax to Integrate AI and Digital Payments

Overview

VNZ’s payment arm, VNPAY, has entered a strategic partnership with the HCMC Tax Department to integrate tax information and digital payment solutions into its platform. The collaboration, announced on August 8, includes AI-powered tax assistance and free digital tax payment services for businesses until 2028. This marks a significant step in Vietnam’s tax administration digitalization and positions VNPAY as a key technology provider for government services.

Key Facts

• HCMC Tax Department and VNPAY officially integrated tax information onto VNPAY’s digital payment platform on August 8.
• VNPAY will provide a full suite of digital payment solutions including VNPAY-QR, PhonePOS, SmartPOS, and a payment gateway, integrated into the tax filing and payment process.
• VNPAY will waive fees for all digital tax payment solutions until the end of 2028 for business households and enterprises using its ecosystem.
• The AI-powered hotline will support debt reminders, temporary exit suspension notices, and automated tax payment reminders.
• The solution includes sales management software, e-invoices, e-contracts, and digital signatures on a single device.
• The partnership aims to reduce manual steps and increase accuracy in tax filing for business households and enterprises.
• VNZ closed at 600,100 VND on August 9, 2026, on the UPCOM exchange.

What Happened

On August 8, the HCMC Tax Department, led by Director Đoàn Minh Dũng, announced a pioneering initiative to apply artificial intelligence and digital payment solutions to tax management. The department partnered with VNPAY, a subsidiary of VNG Corporation (VNZ), to integrate tax information onto VNPAY’s digital payment platform. This integration allows taxpayers to look up tax information quickly, accurately, and securely through VNPAY’s ecosystem.

VNPAY will deploy a comprehensive digital payment solution, including VNPAY-QR, PhonePOS, SmartPOS, and a payment gateway, directly into the tax filing and payment process on the HCMC Tax Department’s e-portal. The solution is designed to simplify tax obligations for business households and enterprises, reduce manual operations, and enhance accuracy. Additionally, VNPAY will waive all fees for digital tax payment services until the end of 2028, covering software for sales management, e-invoices, e-contracts, and digital signatures.

The AI-powered hotline will not only provide real-time tax information but also support debt reminders, temporary exit suspension notices, and automated tax payment reminders, protecting taxpayers from impersonation scams. The initiative is expected to improve policy communication and taxpayer satisfaction.

Market Context

VNZ, listed on UPCOM, closed at 600,100 VND on August 9, 2026. The partnership with HCMC Tax Department aligns with Vietnam’s broader push toward digital government services and cashless payments. VNPAY is a leading digital payment platform in Vietnam, and this collaboration could enhance its credibility and adoption among businesses, potentially driving transaction volumes. The move also positions VNZ to benefit from the growing fintech sector, which has seen increased regulatory support and consumer adoption.

Strategic Significance

For long-term investors, this partnership underscores VNPAY’s strategic expansion beyond consumer payments into government and enterprise services. By integrating with tax administration, VNPAY becomes an essential infrastructure provider, potentially creating sticky relationships with business users. The free service until 2028 may initially pressure margins but could lead to long-term monetization through value-added services and increased transaction flows. This aligns with VNZ’s broader strategy to diversify revenue streams and strengthen its ecosystem.

What to Watch

• Adoption rate of VNPAY’s tax payment solutions among HCMC businesses in the coming quarters.
• Any expansion of similar partnerships with other provincial tax departments or government agencies.
• Impact on VNPAY’s transaction volume and revenue, as disclosed in VNZ’s quarterly earnings.
• Regulatory developments regarding digital payments and AI in tax administration.
• VNZ’s financial performance and any updates on its fintech segment in upcoming earnings calls.