Bảo Hoa, Hoàng Hồ, Paul Kennedy HÀ NỘI — Vietnamese teenagers were at risk of social exclusion in later life because of the threat of video game addiction, a doctor has warned. According to the head of a hospital department dedicated to stress-related disorders, some youngsters had even tried to take their own lives because they were so ill-prepared for adulthood. This week the World Health Organisation voted to recognise video gaming as an official addiction with the new classifications coming into effect in 2022. Dr Dương Minh Tâm, director of the Department of Stress-Related Disorders at Bạch Mai Hospital Dr Dương Minh Tâm, Director of the Department of Stress-related Disorders at Bạch Mai Hospital said he had seen many patients who complained they felt isolated and were not prepared for adult life. This, he claimed, was because many spend their teenage years glued to computer … [Read more...] about Doctor concerned video gaming could lead to suicide
New ways to make money online
Vietnamese consumers are embracing digital payments as a faster and more convenient way to pay, with consumers using their credit and debit cards more often for in store and online purchases, according to figures released by Visa, the world’s leader in digital payments. Digital payments are increasingly embraced as a new way to pay in Vietnam The figures, which show year-on-year growth in consumer use of Visa products over the 2017 to 2018 calendar years, indicate a number of positive trends in the growth of digital payments. The total value of purchases made by Vietnamese consumers on their Visa credit and debit cards was up 37 per cent, while the number of transactions was up by 25 per cent. eCommerce in particular saw strong growth with the total value of purchases up by 40 per cent. “As the Vietnamese economy grows and becomes increasingly internationalised, commerce here will require ever faster, more efficient ways of paying. These recent figures from … [Read more...] about Vietnamese consumers embrace digital payments as a new way
Online Friday was staged to promote certified original goods on e-commerce platforms The week-long Online Friday 2018, a promotional retail event highlighting authentic goods concentrating on Friday December 7, generated a total expected revenue of VND1.5 trillion ($65.2 million). The promotion was organised by the Ministry of Industry and Trade (MoIT) to popularise the sales of authentic items on e-commerce platforms. According to the ministry, as many as 3,000 firms joined this campaign with 5,000 discounted items, a lot of them reducing prices to zero. The MoIT targeted two million orders to be transacted in this event. Dang Hoang Hai, director general of the Ministry of Industry and Trade’s E-Commerce and Digital Economy Department, said that this campaign focused on improving the quality of goods. One hundred per cent discounted items are authenticated and clear of origin. “The organiser uses keywords to detect fake items being sold at the event. If any … [Read more...] about Potential new contender to challenge e commerce
Viet Nam News Kiều Vân Many parents were encouraging their children to work early even though they are still in school. Is this a negative thing or does it teach youngsters the value of earning a living? Recently, Bảo Ngọc, 11, from Tuyên Quang City in the north of Việt Nam, went on the game show Shark Tank. She pitched an idea for an online food agency, chè bưởi (sweet soup made from grapefruit peel, coconut and sugar). Despite her tender age, she received an investment of VNĐ300 million (US$12,890) from two investors for a 30 per cent stake in the company. The teeny businesswoman didn’t hide the desire to work with all four Sharks and the dream of becoming a successful and intelligent investor as Shark Linh. Ngọc said she started her career at the age of seven with about 20 cups of chè bưởi mainly sold to friends and relatives. She developed her business through Facebook and now sells around … [Read more...] about It is too much send out kids to work?
Vietnam is touted as one of the most lucrative fintech markets in the region Latest figures by the State Bank of Vietnam’s Payment Department show that fintech companies in Vietnam now number around 100, compared to nearly 80 earlier this year. Market survey firm Solidiance recently released statistics showing that the Vietnamese fintech market’s transaction value currently stands at $4.4 billion, which will climb to $7.8 billion by 2020, nearly doubling in only two years. This explains why foreign players are seeking ways to inject capital into Vietnamese fintech firms. South Korean group Keb Hana, apart from negotiating a stake purchase deal with local state-owned commercial lender BIDV, was reported to consider teaming up with a local fintech firm via direct capital injection or through an investment fund. Similarly, Senjo Group, a major fintech firm based in Singapore with profit averaging at $400 million per year, is targeting payment fintech firms in Vietnam. Senjo … [Read more...] about Foreign capital finds its way to lucrative local fintech market