Trains get cancelled due to coronavirus Society

Trains get cancelled due to coronavirus

A total 152 trains have been suspended as travel demand plummets due to the novel coronavirus outbreak, leaving the railway sector facing losses of 90 billion VND (3.8 million USD) since the outbreak began, according to the Ministry of Transport.
Da Nang city to boost cashless transactions Business

Da Nang city to boost cashless transactions

The city of Da Nang, the central region’s major economic driver, is making headway in raising awareness on the benefits of cashless transactions as well as in building financial and technical infrastructure for the future development of a cashless society.
Cashless payment remains low in Vietnam: CIEM Business

Cashless payment remains low in Vietnam: CIEM

The ratio of cashless payments in Vietnam remains low, standing at only 11.49 percent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM).
Vietnam looks to develop cashless payment Business

Vietnam looks to develop cashless payment

The State Bank of Vietnam (SBV) is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
Businesses willing to pay more for mobile ads Business

Businesses willing to pay more for mobile ads

Although the mobile advertisement market in Vietnam is still modest as compared to regional countries, businesses are said to splash out 200 million USD on advertisement on mobile platform in 2020, much higher than the amount of 78 million USD recorded in 2017.
Cashback for Online Friday Business

Cashback for Online Friday

As many as 18 banks and credit organisations agreed to implement a cashback policy to customers joining in Online Friday 2016 on December 2.
Business

Steps taken to boost border trade

Deputy Minister of Industry and Trade Tran Tuan Anh spoke to Thoi Bao Kinh Te Vietnam (Vietnam Economic Times) about ways to prevent produce from being stuck at border gates.
Business

First online shopping day generates 7.3 mln USD

The first online shopping day, locally known as Black Friday of Vietnam, generated 154 billion VND (7.3 million USD) in revenue, up 2.48 times compared to normal days, reported the Vietnam E-commerce and Information Technology Agency (VEITA).
Cash still trumps online payment Business

Cash still trumps online payment

Electronic payments for online transactions remained modest compared with cash-on-delivery payments, according to a recent report of the Ministry of Industry and Trade on e-commerce in Vietnam.

In spite of this, the e-commerce payment system is an important base for the development of e-commerce, which has great potential in Vietnam.
Business

E-commerce sector rapidly expanding

Vietnamese e-commerce sales are expected to hit more than 4 billion USD in 2015, thanks to growing internet users, reports the Vietnam E-commerce and Information Technology Agency (VECITA).