Businesses are still spending a lot on advertising on social media and search engines. This trend has yet to change as many Vietnamese companies consider these the main channels to reach customers. Social networks and search engines are two platforms that businesses consider to be highly effective in online advertising. Vietnamese businesses are spending a […]
Read MoreThe Vietnamese government welcomes Sumitomo Mitsui Banking Corporation’s deal worth US$1.4 billion to acquire 49% stake at local consumer finance firm FE Credit. The Vietnamese government encourages foreign investment into local credit institutions in a bid to enhance efficiency and safety of the banking sector. Deputy Prime Minister Pham Binh Minh gave the remarks in […]
Read MoreVietnam’s digital economy will likely reach 52 billion USD in value by 2025, according to the e-Conomy SEA 2019 report by Google, Temasek and Bain & Company. With the gross merchandise value (GMV) of its internet economy accounting for over 5 percent of the country’s GDP in 2019, Vietnam is emerging as the most digital […]
Read MoreForms of digital payment have become more popular in Vietnam, particularly e-wallets and QR codes. A survey conducted by Visa and Clear of about 1,000 people in the second quarter of 2020 showed that the rate of cashless payments in Vietnam is increasing. About half of respondents said they had increased the frequency of using […]
Read MoreThe growing number of newly established enterprises shows the local economy is firmly on the recovery track, being an attractive destination for businesses. The number of newly established enterprises in the first four months of 2021 rose by a record rate of 17% year-on-year to nearly 44,200, according to the Business Registry Agency. Such figure […]
Read MoreThe Tokyo Deli Restaurant on Nguy Nhu Kon Tum Street in Hanoi closed its doors two months ago for the Tet holiday, but it has now decided to never open again. The long Covid-19 pandemic has hit many restaurants hard. Tokyo Deli announced the closure of two of its five restaurants in Hanoi, including one […]
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