Collaborating digitally

Through this collaboration, millions of Vietnamese customers will gain access to a fast, affordable, and convenient BNPL services. This partnership is part of a comprehensive strategy from both companies to address the growing demand for digital payments in Vietnam, a market predicted to be worth $143 billion by 2025. The union of these two prominent platforms is expected to have a positive impact on the digital payment trend and further boost Vietnam's digital economy. Considered pioneers in the nation's emerging digital payment market, Kredivo and OnePay are set to offer seamless BNPL services to 20 million customers within the network. This new, modern, and convenient financing and payment solution features a fast and flexible process with a simple two-click check-out. Moreover, with Kredivo's BNPL solution integrated on OnePay, over 4,000 merchants will be able to leverage Kredivo's smart financial solutions and user experience to enhance their business and customer loyalty. … [Read more...] about Kredivo enters into collaboration with OnePay

Deputy Defence Minister Senior Lieutenant General Vu Hai San (centre, right) receives head of Lao People’s Army’s general department of logistics Khamphet Sisaone in Hanoi on May 30. (Photo: VNA) Hanoi (VNA) - Deputy Defence Minister Senior Lieutenant General Vu Hai San hosted a visiting delegation from the Lao People’s Army’s general department of logistics in Hanoi on May 30. Highlighting the special relations between Vietnam and Laos, San said the countries’ defence cooperation has so far been developed toward effectiveness and practical outcomes in personnel training, delegation exchange, and the sustaining of bilateral dialogue and consultation mechanisms. The official lauded outcomes of joint work between the two maries' general departments of logistics, particularly in professioanl experience sharing, human resources training, and delegation exchange. He said he supports their orientations for cooperation in the near future and requested the sides organise more … [Read more...] about Vietnam, Laos boost collaboration in military logistics

Vietnamese e-wallet MoMo has partnered with Apple to introduce Apple Installments, which allows users to own Apple products through flexible payment plans ranging 6-24 months. The US tech giant launched an online store in Vietnam in May. Optimism rises for fintech development opportunities, illustration photo/ Le Toan Do Quang Thuan, senior deputy director in charge of financial services at MoMo, said, “As we seamlessly integrate into the online Apple Store, we present Vietnamese users with an unparalleled range of payment options. It’s a gateway to unlocking their dreams of Apple ownership while maintaining a firm grip on their financial equilibrium.” The landscape has become increasingly competitive in Vietnam, driving innovation and advancements in digital payment solutions. Breaking new ground in the Vietnamese market, MoMo is also the first local partner to offer cashless payment options for YouTube Premium. The strategic collaboration brings added convenience … [Read more...] about Optimism rises for fintech development opportunities

A delegation from Vietnam’s T&T Group, led by chairman of the board Do Quang Hien, embarked on a visit to the headquarters of DB Group, a prominent economic powerhouse in South Korea, on May 25. Under this comprehensive accord, T&T Group and DB Group will support each other's endeavours with the shared goal of becoming leaders in Vietnam's thriving insurance sector. Additionally, the two groups have committed to jointly exploring and executing ventures across multiple other industries. Speaking at the signing ceremony, Do Vinh Quang, vice chairman of the Board of Directors and Deputy CEO of T&T Group, highlighted the shared vision of both companies to excel in Vietnam's insurance sector. Recognising the potential in other areas such as finance, asset management, IT, and real estate, Quang emphasised the importance of leveraging these strengths to achieve sustainable growth for both conglomerates. He expressed confidence, stating, “This strategic collaboration will … [Read more...] about T&T Group and DB Group form strategic partnership to fuel investment opportunities

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency . - Deputy Prime Minister Tran Hong Ha received visiting Lao Minister of Technology and Communications Boviengkham Vongdara in Hanoi on May 29. Deputy Prime Minister Tran Hong Ha (R) receives visiting Lao Minister of Technology and Communications Boviengkham Vongdara. (Photo: VNA) Welcoming agreements signed between the Vietnam Academy of Science and Technology (VAST) and the Lao Ministry of Technology and Communications, Ha expressed his wish that the two sides will actively promote cooperation and technology transfer so that Vietnam and Laos can jointly implement digital and green transformation as soon as possible. Read full story At the talks between the delegations of the VFF Central Committee and the National Council of the Solidarity for the Development of Cambodian Motherland. (Photo: VNA) At the talks, Vice President and Secretary General of the VFF … [Read more...] about ☀️ Morning digest May 30

Deputy Prime Minister Tran Hong Ha (R) receives visiting Lao Minister of Technology and Communications Boviengkham Vongdara. (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Tran Hong Ha received visiting Lao Minister of Technology and Communications Boviengkham Vongdara in Hanoi on May 29. Welcoming agreements signed between the Vietnam Academy of Science and Technology (VAST) and the Lao Ministry of Technology and Communications, Ha expressed his wish that the two sides will actively promote cooperation and technology transfer so that Vietnam and Laos can jointly implement digital and green transformation as soon as possible. With its potential for renewables such as hydroelectricity, wind power and solar power, Laos can become a centre of clean energy, he stated, adding that this is one of the factors that determine the level of attraction for investors in the future. Regarding digital transformation, the Deputy PM appreciated the results that the information and … [Read more...] about Vietnam, Laos promote technological cooperation, technology transfer

Nguyen Minh Tam (R), deputy CEO of Sacombank, receives the "Outstanding Retail Banking" and "Outstanding Bank for Community" awards at a ceremony in HCM City last week. — Photo courtesy of the bank Sacombank won the awards for Retail Banking and Bank for Community at the 2022 Vietnam Outstanding Banking Awards that were given away in HCM City last week. It was for a sixth consecutive year that Sacombank won the awards given by the International Data Group, the Vietnam E-Commerce and Digital Agency, the Vietnam Banks Association, and other organisations. Sacombank won the "Outstanding Retail Banking" award for achieving consistent customer growth -- with its customer base topping 15 million by the end of 2022 -- and having large transaction, ATM and merchant networks and diverse products and services. It offers more than 250 products and services for individuals and corporate customers and has linked up with 110 banks and 30 e-wallets for money transfer. It won the … [Read more...] about Sacombank, Vietbank honoured at Vietnam Outstanding Banking Awards

A customer uses QR code for payment at Con market in the central city of Da Nang. — VNA/VNS Photo Van Dung The State Bank of Viet Nam (SBV) has requested banks, branches of foreign banks, and providers of intermediary payment services to take steps to continue promoting cashless payments and the implementation of the national digital transformation programme. The move is also set to help with the plan on developing the application of resident data and electronic identification and authentication to serve national digital transformation for the 2022 - 25 period, with a vision to 2030. In its Document No 3956/NHNN-TT, the SBV asked banks, foreign banks’ branches, and intermediary payment service providers to continue considering and offering preferential programmes and policies on payment and intermediary payment service fees to customers, and exempt account maintenance fees as well as cash withdrawal fees for the customers entitled to the social security policy. They were told … [Read more...] about Central bank demands stronger promotion of cashless payment

The event attracted the participation of more than 100 people from large Korean investment funds, conglomerates, and small- and medium-sized enterprises operating in banking, green energy, green industry, smart city – urban area building and development, 4.0 industry, science and technology, high-tech agriculture, and manufacturing fields. Deputy head of the ministry’s Consular Department Trinh Thi Mai Phuong said that the forum is a highlight of the program to promote Vietnamese localities in the RoK lasting from May 29 to June 1 to foster cooperation and connectivity between Vietnamese localities and RoK localities and businesses. At the forum, VKBIA President Tran Hai Linh stated that the collaboration between Vietnamese and RoK localities plays an important role in fostering economy, trade, and investment between the two countries. Leaders of Can Tho, Bac Lieu, Kon Tum, and Thua Thien Hue informed the forum on their localities’ potential, strength, and socio-economic … [Read more...] about Vietnam, RoK localities step up cooperation

Indian Consul General Madan Mohan Sethi addresses the press conference. (Photo: VNA) HCM City (VNA) – The Indian Consulate General in Ho Chi Minh City will hold a range of cultural exchange, and trade, investment and tourism promotion programmes in 2023, aiming to foster the ties between India and Vietnam, said Indian Consul General Madan Mohan Sethi at a press briefing in the city on May 30. The diplomat said that last year, the two sides jointly organised many activities to celebrate the 50th anniversary of the diplomatic relations between the two countries. To further promote the India-Vietnam ties in general and the relations between India and southern localities of Vietnam in particular, the Indian Consulate General in HCM City has planned many other activities to strengthen connections between the two communities, he said. He noted that over the past year, the Indian Consulate General organised 20 trade promotion events with the participation of 600 Indian firms in … [Read more...] about India plans numerous activities to foster ties with Vietnam in 2023: Diplomat