With 145.8 million mobile subscribers out of a total population of approximately 97 million people (accounting for 150 percent of the total population, according to We are Social & Hootsuite), in the last COVID-19 outbreak, many people have experienced cashless payment via mobile phone for their first time. If online payment defaulted only for young people in the past, the number of online transactions recorded a high rise in many customer groups after the social distancing period. According to the State Bank of Vietnam's Payment Department, as of July, the number of card payment transactions reached nearly 205.6 million, with a value of almost 475,900 billion VND (up 29.7 percent and 15.8 percent, respectively, over the same period in 2019). The number of payment transactions via the Internet reached 240.9 million, totalling 15.2 million billion VND, up 39.1 percent in value over the same period last year. … [Read more...] about COVID-19 pushes banks to develop online payment
Star trek episodes online
This was announced at a forum on digital entrepreneurship opportunities for persons with disabilities co-existing with Covid-19 that took place on Tuesday at Green One UN House, where representatives of organizations for persons with disabilities, the private sector, investors and supporters of start-ups discussed how to promote digital employment and start-up opportunities for people with disabilities. … [Read more...] about Visually impaired people to receive online business training
Explaining the rush of online game development in recent years, experts say Viet Nam has a lot of potential as a new market because nearly 70 per cent of the gamers are accessing the game for the first time. Also, because the country is located in Southeast Asia, it has a similar culture to China and South Korea so gamers understand and like kung fu novels. … [Read more...] about Online games: harmless fun or social problem?
Long An (VNA) – The Mekong Delta province of Long An has recalled licences of 41 projects with a combined investment of 71.2 million USD so far this year. Consisting mostly of manufacturing and housing projects areas, they were cancelled due to reasons like slow progress, investors wanting to cease their projects, and economic challenges due to COVID-19. Huynh Van Son, Director of the provincial Department of Industry and Trade, said they included 17 FDI projects. He told Nguoi Lao Dong newspaper that while scrapping the projects could negatively impact official revenues and jobs, Long An is seeking to “improve the investment climate and create opportunities for other interested investors.” Officials have been instructed to appraise and rescind projects that are behind schedule. The department has told investors to make periodic reports on their progress. The province has set up an online management system to help investors make regular updates. … [Read more...] about Long An province revokes licences of tardy investment projects
Hanoi (VNA) – The novel coronavirus outbreak has changed the payment habit in Vietnam, with non-cash transactions particularly surging in the public service, Director of the State Bank of Vietnam’s Payment Department Pham Tien Dung said on December 4. At a workshop on promoting non-cash payment in the digital economy, Dung said digital payment ecosystem has been applied at over 30 hospitals, while 50 commercial banks completed e-tax payment with customs and taxation authorities in the 63 cities and provinces nationwide. Twenty-seven commercial banks and 10 intermediary organisations joined hands to carry out online payment of electricity bills, he said, adding nearly 90 percent of the Electricity of Vietnam’s revenue from power bills was collected through commercial banks. As of August 31, 92.9 percent of the 90,858 state-owned agencies had transferred salary payment through bank accounts, as compared with 81 percent recorded in the end of 2016. During … [Read more...] about COVID-19 sparks a boom in cashless payment: expert