Develop uber like app

Over 20 e-wallets have been licensed in Vietnam Nguyen Dong (Nha Be district, Ho Chi Minh City) said he uses e-wallet MoMo to pay online for utilities, internet, and his mobile phone bills every month. He even uses this app to pay when going out with friends or family. Recently, when numerous banks have been adjusting service fees, he uses e-wallet more frequently. “The e-wallet provides several integrated services, such as buying movie tickets, air tickets, taking up consumer loans, and insurance policies. We can collect points and receive discounts just by using the e-wallet. Some e-wallets even give bonus e-money to users who invite friends,” said Vu. Pham Minh (Hoan Kiem district, Hanoi) uses the Vi Viet app to pay her bills online. It is very comfortable and free of charge for all transactions. CafeF.vn quoted leaders of some banks confirming that customers are turning towards e-wallets to pay bills, shop, and among others. E-wallet also provides some extra services … [Read more...] about Banks raise fees, e-wallet to be preferred

Vietnam's emerging startup scene is proving to be a case of right place, right time for local and international venture capital funds. Eleven “rising star” startups in Southeast Asia in September converged at the “500 Startups Demo Day” in Ho Chi Minh City to spotlight the dynamic technology landscape in Vietnam and broader Southeast Asia. “There’s more hype about Vietnam’s tech scene now than ever before, as this is an exciting time for Vietnam overall,” said Mr. Eddie Thai, General Partner at 500 Startups Vietnam. “Vietnam is fast becoming an attractive destination for local and international venture capital funds, who are hoping to capture the growing consumer opportunities and leverage the Vietnamese entrepreneurial spirit.” Rising appetite Vietnam’s startup sector is growing at a rapid clip despite the global economic slump and is closing the gap with regional leaders. In only two years, it has made a big leap … [Read more...] about Startups catching the eye

As of now, there are 64 million Vietnamese Internet users, 94% of whom uses the Internet on a daily basis, according to a report on Vietnamese Digital Marketing in 2019. More particularly, Vietnamese people spend up to 6 hours and 42 minutes a day on social media platforms, streaming movies or listening to music. With such a booming market, many domestic and foreign entertainment providers are trying to get their share of the pie. POPS, a Vietnamese digital entertainment production and publishing company recently launched an app in their name, providing free copyrighted content created by Vietnamese production crews and well-known Vietnamese actors and performance artists. In addition to supporting Vietnamese content creators, the app’s creators also aim to provide family-friendly contents that would appeal to a large portion of viewers. Foreign companies have also made some moves with their localized platforms in Vietnam, for instance HBO Go with more and more local-centric … [Read more...] about Online entertainment: A race for quality

MoMo now serves nearly 10 million users on its e-wallet platform The company’s performance has been underpinned by the rapid uptake of mobile payments as the country’s digitally-savvy population embraced the convenience of making cashless transactions on their mobile devices, both online and offline. “Last year was a transformational period for MoMo,” said Pham Thanh Duc, the CEO of MoMo. “The company posted its largest ever transaction volume and number of active users and we have significantly extended our lead as the platform of choice in the Vietnamese digital payments market.” The company has just announced that MoMo now serves nearly 10 million users on its e-wallet platform and is the country’s most downloaded e-wallet app in 2018. The volume of transactions processed on MoMo’s platform has grown by more than three times over the course of the year. The introduction of new innovative payment features, exclusive merchants and … [Read more...] about MoMo announces record-breaking growth in 2018

Construction company Becamex IDC Corp has been cautious about this year’s business targets. Photo batdongsan.com.vn   Compiled by Thiên Lý Construction company Becamex IDC Corp has been cautious about this year’s business targets. Its consolidated turnover target is only VNĐ1.226 trillion (US$53.3 million), or 96 per cent of last year’s figure, and after-tax profit target is VNĐ252 billion, only 8 per cent higher than last year. In a document already sent to the company’s shareholders ahead of the annual general meeting, its general director, Đỗ Quang Ngôn, explained the reasons for setting such moderate growth targets. He said the real estate market is facing an imbalance between supply and demand in certain segments, and credit to the property sector is drying up. Externally, the global economy is expected to see a lot of volatility this year and likely to have a strong impact on the Vietnamese economy, he said … [Read more...] about Companies follow Government lead, set cautious growth targets