Visa will highlight the benefits of non-cash payments in Vietnam for Cashless Day The COVID-19 pandemic has been a major disruptor for businesses and consumers alike, bringing significant changes in the way people buy and sell goods and services. Banks, fintech companies, and merchants are looking at a transformed landscape where success lies in offering consumers convenient, frictionless, and safe payment methods while educating non-users of the potential gains in going digital. According to the Visa Consumer Payment Attitudes study, Vietnamese consumers expect the country’s transition to a cashless society to happen as soon as 2030, with the majority (84 per cent of respondents) already having attempted to go digital and get by without using cash. The pandemic has resulted in the growth of e-commerce and food delivery services with a study by Kantar suggesting most “new normal habits” acquired during the pandemic are here to stay. Dang Tuyet Dung, Visa country manager for Vietnam and Laos, said that, “Visa is ecstatic to once again support Cashless Day and to promote the adoption of digital payments in Vietnam, bringing our cutting-edge payment technologies and extensive partner network to accelerate the shift towards safer, more convenient payment methods.” Vietnamese consumers are increasingly choosing new ways to pay including digital wallets and QR code payments. 57 per cent of consumers are holding up to three apps with mobile wallets on their smartphones, while 55 per cent have one preferred app to use for all their transactions. Additionally, further long-term increases are forecast in the use of contactless cards, mobile phone payments, or QR code payments for in-store purchases. To help drive the increased use of digital payments, Visa has extended its lineup of merchant partners for Cashless Day bringing significant discounts and benefits for Visa cardholders. Visa and its partner, Moca – a leading digital payments service in Vietnam – are …
How many people can the earth support
Saigon Times – Great Circle: Rice for people affected by pandemic
Saigon Times - Great Circle: Rice for people affected by pandemic By Le Vu - Trong Hoang HCMC - The Saigon Times Group collaborated with the An Cuong Wood Working Joint Stock Company, the Saigon Thang Long Group and the Thang Loi Group to deliver eight tons of rice to residents of the Ehome 3 Apartment and Condo Building in Binh Tan District, HCMC, on June 15. The event was part of the “Saigon Times - Great Circle - Join hands to fight off pandemic” program, aimed at supporting people affected by the Covid-19 pandemic. The Saigon Times Group launched the “Saigon Times-Great Circle 2021” program with the theme “Join hands to fight off pandemic” on June 2, aimed at supporting people affected by the Covid-19 pandemic. The program will receive donations from organizations and individuals and then distribute them to the needy in HCMC and other provinces. Donations for the program can be sent to: The Saigon Times Group Bank account number: 1007 1485 1003318 Vietnam Export Import Commercial Joint Stock Bank (Eximbank) – Hoa Binh Branch – HCMC Transaction content: Name - UnghoSaigon Times – NVTL - Donghanhchongdich …
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Creating fair business via feasible assistance
European businesses started 2021 optimistic about Vietnam’s trade and investment environment. Photo: Le Toan Just after two weeks since he was elected to be prime minister, Pham Minh Chinh signed and enacted Official Dispatch No.514/TTg-PL on reviewing and proposing amendments to legal regulations impeding investment and business activities and people’s lives. The dispatch, coming out amid a rise in business confidence nationwide and the government’s boosting its great efforts to continue creating a more business-friendly climate, was sent to ministers and other leaders of agencies, provinces, and centrally-ruled cities. “As the country’s law system still boasts overlapped, inconsistent, and infeasible regulations unsuitable to the reality and obstructing investment and business activities and people’s lives, the prime minister requests ministers and heads of ministerial agencies, and chairpersons of provinces and centrally-ruled cities to expeditiously review and list regulations of the type in the existing legal documents,” reads the dispatch. “Concrete contents of the regulations and documents causing difficulties must be specified.” Ministers and heads of ministerial agencies, and chairpersons of provinces and centrally-ruled cities are also requested to propose specific and feasible solutions in amending the regulations and documents, in a bid to “remove all difficulties, create synchronousness and feasibility of the law system, and contribute to mobilising all resources in the society for investment and business in service of the public and enterprises.” All results from reviews and listings, as well as proposals and solutions must be sent to the Ministry of Justice and the Government Office before May 15 before being reported to the government and the prime minister. Expectations Adam Sitkoff, executive director of the American Chamber of Commerce (AmCham) in Hanoi, has been expecting more improved policies in service of the business community …
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