Moves taken to promote cashless payment in Vietnam

To encourage Vietnamese consumers and businesses to apply digital payment, Visa, a world leading e-payment technology company, has expanded activities in response to the annual Cashless Day in Vietnam (June 16).
Moves taken to promote cashless payment in Vietnam ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – To encourageVietnamese consumers and businesses to apply digital payment, Visa, a world leadinge-payment technology company, has expanded activities in responseto the annual Cashless Day in Vietnam (June 16).

Dang Tuyet Dung, Director ofVisa Vietnam and Laos, said her company has cooperated with retailers to offergifts to consumers using Visa contactless cards and shopping on e-commerceplatforms, and promotional prices at some stores for contactless card users.

To accelerate digitaltransformation by small- and medium-sized enterprises (SMEs) in Asia-Pacific, itlaunched the Acceptance Fast Track Programme. Small firms in Vietnam can startaccepting digital payment in just a few minutes thanks to new solutions andimproved approval process of Visa.

Visa Business Solutionsprovide enterprises a set of tools for gaining success and improvingoperational efficiency in the era of modern commerce. Meanwhile, SMEs can alsoaccess resources on Visa’s Practical Business Skills platform, which gives themnecessary knowledge about how to start, manage, and develop a business, Dungadded.

Moves taken to promote cashless payment in Vietnam ảnh 2Officials launch the “Cashless Payment Street - Hai Chau 2022” programme on June 16. (Photo: VNA)
On June 16, the PeopleCommittee of central Da Nang city’s Hai Chau district, the Vietnam E-commerceAssociation, and Momo - an e-wallet service supplier launched the “Cashless PaymentStreet - Hai Chau 2022” programme so as to stimulate local shopping demandusing digital technology.

The programme is implementedon Tran Van Tru, Nguyen Van Linh, Le Dinh Duong, and Phan Chu Trinh streets,involving stores and businesses operating in different sectors.

The local administrationtargets that at least one street will have all stores applying cashless paymentmethods.

A Visa survey in 2021 revealedthat nearly half of Vietnamese consumers are using contactless cards. Though theCOVID-19 pandemic has showed signs of easing, 74 percent of the intervieweessaid they will still shop on large e-commerce platforms, and that even whendirectly going shopping, they also hope digital payment methods will still beapplied at traditional stores./.
VNA

See more

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.