Cities like Hanoi and Ho Chi Minh City could see billions added to their budgets through cashless payments, Photo: Le Toan When wearable digital payments company Tappy Technologies Ltd. showcased its new contactless payment solution for everyday expenses at the Visa Asia-Pacific Security Summit in May, it mesmerised attendants with how digital payment functionality can now be embedded into traditional timepieces and jewellery. Money is now literally sitting on the wrist or a finger of a consumer, readily available on the go. “We embed a very flexible chip, which is waterproof and certified by all the payment card schemes, inside the form factors that you can see here [there was a plethora of watches, wristbands, and bracelets on display] – everything here is a payment device. So when you go to the store for a coffee and you’re wearing this nice watch – not a smart watch, it’s a regular watch – you’d just need a tap and that’s it, … [Read more...] about Cities must go cashless to go smart
Ups store rapid city
Viet Nam News By An Phương HCM CITY – You’ve probably heard of multiple measures to ease traffic congestion in HCM City, but are you aware that the city plans to restrict motorbikes by 2030? As far as I know, HCM City is the third city, besides Hà Nội and Đà Nẵng, to come up with a roadmap to limit private vehicles travelling to the city centre and to areas prone to traffic congestion. According to the proposal’s first phase from now until 2020, the city will increase parking fees, restrict parking for motorbikes and impose a toll on vehicles entering the city centre. During peak hours between 7am and 7pm, motorbike travel will be restricted between Tân Bình District’s Trường Sơn Street and District 1’s Nguyễn Thị Minh Khai Street, and between Pasteur Street (Lý Tự Trọng – Điện Biên Phủ section) and Nam Kì Khởi Nghĩa … [Read more...] about Is a motorbike restriction or ban the way to go for HCM City?
Broianigo, left, and Jariya Chirathivat, EVP for business development at Central Group at the opening of the Vietnamese Goods and Tourism Week. CENTRAL Group, Thailand’s largest retail conglomerate, plans to spend as much as US$500 million to expand its retail network in Viet Nam over the next five years. Philippe Broianigo, chief executive officer of Central Group Vietnam and Big C Vietnam, said that Central Group is the largest foreign retailer in Vie nnam, with five core business units: Big C Shopping Mall, Food Store, Fashion Store, Hardline Store, and Online Platform providing omnichannel and e-commerce services. Central Group Vietnam recently launched a series of new branded retail initiatives, such as Look Cool, Hello Beauty and HomeMart DIY. “We (Central Group) have already invested US$1.5 billion in Viet Nam since 2012 and plan to invest another US$500 million in the next five years, from 2018 to 2022. Store penetration year to date in total is 250 stores … [Read more...] about Central ramps up Viet Nam expansion
Viet Nam News HCM City – Mytel, the Viettel-owned mobile operator in Myanmar, has signed up more than a million subscribers in just 10 days since it officially began operations. There are several reasons for this achievement, including the fact the company had set up the most extensive telecom infrastructure in Myanmar even before starting operations. It has laid 30,000km of fibre-optic cable, or 50 per cent of the country’s total cable infrastructure, covering 80 per cent of the population. It is the only mobile network to provide 4G services nation-wide covering 300 out of 330 towns while the next biggest competitor only covers 185. Mytel has set up a nation-wide distribution system with 50 stores and 50,000 sales agents, 70 per cent of them in rural and remote areas. The company is also offering very attractive promotions to mark its inauguration. Nguyễn Thanh Nam, Viettel’s deputy general director and Mytel’s general director, said while Myanmar … [Read more...] about Viettel signs up 1m subscribers in Myanmar in first 10 days
VietNamNet Bridge - Vietnamese and foreign convenience stores are rushing to open more shops, use more technologies and provide more services in the retail market. Retailers are rushing to open more convenience stores In late March, Satra opened its 170th shop into operation in district 2, HCM City. Within the first three months of 2018, Satra opened 13 Satrafood shops and plans to open another 60 shops this year. Saigon Co-op is the chain which has the most diverse convenience store types. It has 210 Co-op Foods and 76 Co-op Smiles, and is developing Cheers shops. In 2018, the retailer plans to set up 170 more Co-op Foods, 150 Co-op Smiles, 50 Cheers, as well as other shopping modes. After three years of joining the market, Vingroup has opened more than 1,000 Vinmart+s. Bach Hoa Xanh, a new brand of The Gioi Di Dong, has also expanded. By mid-April, 361 Bach Hoa Xanhs had opened in HCMC. The retailer plans to develop 1,000 shops by the end of 2018 and obtain 10 percent of the … [Read more...] about Convenience stores gear up for network competition