More Vietnamese consumers now shop online Business

More Vietnamese consumers now shop online

Online shopping and electronic payments in Vietnam have become more common in recent years as more of the country's population gains access to the internet, and e-commerce in the 95 million-strong market is set to enter a rapid growth phase in the near future, according to industry experts.
Vietnam seeks to accelerate digital banking development Business

Vietnam seeks to accelerate digital banking development

“Vietnam needs to focus on restructuring the economy, promoting digitalisation and internationalisation following the COVID-19 pandemic because these are important to industrial development and sustainable development of the national economy and enterprises”, said an economic expert.
Local commercial banks cut interbank transfer fees Business

Local commercial banks cut interbank transfer fees

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than 500,000 VND (21.5 USD) following the move of the National Payment Corporation of Vietnam (NAPAS) to cut switching fees with an aim to promote cashless payments.