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Vietnam needs more efforts to lure new FDI wave

The Hanoitimes – While other countries are setting up specific and clear priorities to attract FDI projects, Vietnam is still pursuing a strategy with multiple targets that could lead to missed opportunities. Vietnam is not the only magnet for a new wave of foreign direct investment (FDI), which came as a result of global companies diversifying […]

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Vietnam: Over half of population to shop online by 2025

Vietnam is aiming to have 55 percent of its population shopping online by 2025, with average consumer spending rising to 600 USD per year, according to a master plan on e-commerce development for 2021-2025. Vietnam is aiming to have 55 percent of its population shopping online by 2025, with average consumer spending rising to 600 USD per […]

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Vietnam to launch mobile money in June

Mobile money is about to be launched in Vietnam despite worries about management methods. Minister of Information and Communications Nguyen Manh Hung said the ministry and the State Bank of Vietnam (SBV) plan to license mobile money service to telcos. It is expected that mobile money services will be carried out throughout the country, giving […]

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Vietnam: E-commerce titans step up fake product fight

Overseas e-commerce companies Lazada and Shopee may lose their positions in Vietnam if they keep demonstrating limitations in protecting consumers from low-quality and fake goods. During the social distancing period fuelled by the ongoing pandemic, e-commerce platforms in the country recorded significant growth in the number of orders as all physical stores stood closed, and […]

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