The London-based Global Economics Times magazine has awarded the Best New Fintech Product 2022 to "Fly first - Pay later", a technological product launched by the new-age carrier Vietjet and the MOVI consumer finance solution.
The Hanoi Power Corporation under the Vietnam Electricity group (EVN Hanoi) has reduced power prices by more than 249.7 billion VND (10.96 million USD) in daily activities for 2.4 million consumers to ease difficulties caused by COVID-19.
An estimated 70 million more people shopped online in six Southeast Asian countries since the COVID-19 pandemic broke out, according to a report from Facebook and Bain & Company.
Digital wallets are forecast to overtake credit cards to become the most popular online payment method in Singapore by 2024, amidst the e-commerce boom fueled by the COVID-19 pandemic, according to the latest global payments report by Worldpay from FIS.
The COVID-19 pandemic has contributed to forming online shopping and online payment habits, a trend that is likely to continue after the pandemic, held experts.
The northern province of Quang Ninh has been promoting the application of technology for online payments and administrative services among locals and businesses during the COVID-19 outbreak.
Banknotes, which go from people to people, are a high-risk source of spreading virus. The habit of using cash among 90 percent of the population makes the banknotes, regardless of their materials as paper or polymer, a potential harmful factor to public health, which can transmit not only corona virus but many other diseases.
Vietnam is committed to opening door for foreign investors, especially in the field of services, according to the roadmap in signed bilateral and multilateral free trade agreements.
Vietnam’s access-to-electricity index has increased for the sixth consecutive year, scoring 88.2 points in 2019, up 0.26 point compared to the previous year (87.94 points).
Vice Chairman of Ho Chi Minh City’s People’s Committee Ngo Minh Chau hosted Regional President for Asia Pacific of the US-based VISA company Chris Clark on August 7.
The Hanoi Railway Transport JSC (HARACO) and e-wallet and online payment gateway NganLuong.vn signed an agreement on August 6 to offer online booking and payment services for railway tickets.
A lack of cooperation between banks, service providers and customers is the major issue preventing the widespread use of cashless payments in Vietnam, Nguyen Dinh Thang, Chairman of LienVietPostBank’s Board of Directors, said at the Banking Vietnam 2019 event in Hanoi on May 30.
Vietnam Railway (VNR) and NextTech Group signed an agreement on April 23 in Hanoi to offer online booking and payment services for railway tickets through e-wallet VIMO.
Payments of import-export taxes and fees to customs authorities must all be conducted via cashless payment methods or through credit institutions from the beginning of April, according to a requirement recently issued by the General Department of Vietnam Customs.
The Government had agreed to pilot the use of telecommunication accounts to pay for goods and services with small value. This is not only a chance but also a challenge when unexpected things happen.
E-commerce and online shopping are forecast to become a key trend in the world, accounting for 25 percent of the global retail revenue, experts said, suggesting Vietnam promptly complete infrastructure system to boost the growth of trade.
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