online payment

Update news online payment

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

E-wallets losing money as customers switch brands frequently

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

Ministry launches PayGov to upgrade national public portal

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.

 

Public services on national portal reach 725

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

Covid-19 resets operational mode of VN retail market

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

Mobile money to boom in Vietnam

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

Online payments for traffic violations

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

Cashless payments become popular amid COVID-19

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.

Vietnamese use internet, but don’t want to make online payments

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.

Non-cash payment programs encounter barriers

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.

Will Jack Ma and Alipay make things happen in Vietnam?

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

Vietnamese banks warned they will have to compete with Uber, Apple

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. 

Thai, Chinese jump into e-commerce market, worrying Vietnamese rivals

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.

Shopping via smartphones becoming more popular

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. 

Wooden furniture manufacturers still cannot exploit advantages

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.

Investors delay projects as investment channels remain unattractive

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.

Vietnam sees great opportunities as US businesses leave China

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.

Potential of e-commerce market remains untapped

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.

Da Nang forests severely affected by devastation

VietNamNet Bridge - Many forests have been felled gradually over the years in Da Nang. Within a short time, reporters found two serious cases of forest devastation in the area of the Ba Na – Nui Chua special-use forest (SUF).

Smartwatches fail to sell well in Vietnam

Smartwatch have unexpectedly faced consumer indifference in Vietnam.Mobile device shops launched sale promotion campaigns in 2014, advertising that smartwatches would replace smartphones.