Due to the government’s promotion of cashless payment, online payment has seen significant growth, contributing to the development of the digital economy.

The Vietnamese e-commerce market is forecast to continue to boom in 2021, with revenue surpassing last year's figure.

People are installing up to 10 e-wallets on their smartphones, but are only using them during sale promotion programs.

The Ministry of Information and Communications (MIC) launched a national payment support gateway (PayGov) yesterday in Ha Noi in the latest move to boost e-government in Vietnam.

Six more public services are now available on the National Public Service Portal, raising the total number to 725.

Revenue from e-commerce has increased rapidly during Covid-19, but many traditional retailers have had to give back business premises to landlords.

The government of Vietnam is moving ahead with a plan to put mobile money into use to reduce social contact and cash circulation.

People who violate traffic laws will be able to pay their fines online starting from June 30.

Money can spread germs and bacteria, and amid the complicated developments of the novel corona virus Sars-CoV-2, many people have switched to cashless payments to protect them from unnecessary contact with contaminated money.

VietNamNet Bridge - Vietnam has a high percentage of internet and social network users, but the proportion of people making payments via internet remains very modest.

VietNamNet Bridge - The smartphone-based payment service market in Vietnam has become busy in the last six months, but Vietnam is still far from its ‘non-cash payment’ target.

VietNamNet Bridge - Alipay has changed people’s payment habits in China. Will the same thing happen in Vietnam?

VnExpress, an online newspaper, has opened an online shop to sell iPhones, while The Gioi Di Dong, a mobile phone distribution chain, has decided to sell vegetable and meat. 

VietNamNet Bridge - After Lazada and Zalora were taken over by big retailers, the competition in the e-commerce market became fierce. Vietnamese firms rushed to retain their market share.

More and more Vietnamese consumers are using smartphones to search information about products, order goods and make payments, according to Nguyen Phi Hung, director of DKT Media, Google’s main partner in Vietnam. 

VietNamNet Bridge - Wooden furniture manufacturers enjoy preferences thanks to a zero percent import tariff applied by many big export markets. However, very few enterprises can exploit the advantages.

VietNamNet Bridge - If capital outflow returns to Vietnam in 2016 thanks to global integration effects, the Vietnamese stock market may become more attractive than last year.

VietNamNet Bridge - One out of every four US businesses in China have left or have plans to leave China. And Vietnam could be the next destination for them.

VietNamNet Bridge - Analysts have compared the investors and the e-commerce market with foxes and grapes. The foxes have come, but the grapes are still not ripe.