Digital

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

Online Friday 2019 is kicked off on Thursday evening. — VNA/VNS Photo Trần Việt HÀ NỘI — The Việt Nam eCommerce and Digital Economy Agency kicked off the Online Friday 2019 and e-commerce and digital technology experience week in Hà Nội on Thursday evening Speaking at the opening ceremony, Minister of Industry and Trade Trần Tuấn Anh said Online Friday was in its sixth year and had seen strong development and response from Vietnamese consumers as well as the business community. The first national online shopping day in 2014 saw a modest transaction total of VNĐ180 billion (US$7.7 million), said the minister. However, the programme has developed with more than 3,000 participating businesses and 27,000 products introduced through online shopping programmes, as well as e-commerce experience weeks. The turnover of the online shopping day reached more than VNĐ2 trillion … [Read more...] about Online Friday 2019 kicks off

  Inside the new UNIQLO Đồng Khời store in HCM City. Photo courtesy of UNIQLO HCM CITY — More than 2,000 customers visited the new store of UNIQLO, the Japanese global apparel retailer, on its opening day yesterday (Nov 6) in downtown HCM City. Tadashi Yanai, UNIQLO founder and chairman, and president & CEO of the Fast Retailing Group, said: “The opening of our first store in Việt Nam represents a truly important step in the global development and expansion of our company.” “We wish to learn more about the culture and history of Việt Nam, and we look forward to growing with the nation’s people and businesses, working together with them to deliver innovative, top-class products and services to customers in Việt Nam and around the world,” he said at the opening. UNIQLO Đồng Khởi includes the full line-up of the company's Lifewear products for men, women and children … [Read more...] about UNIQLO opens in downtown HCM City

The situation, however, has produced both opportunities and challenges for Vietnamese enterprises in building a trademark for local farm produce that is recognized in foreign markets. Cao Thi Kim Lan, director of Binh Dinh Fishery JSC, said that due to the European Commission’s  yellow card on Vietnam’s seafood exports to the European market, 100% of the firm’s exported seafood products were being detained at destination ports for check. The firm has faced multiple difficulties in meeting requirements related to the origins of legal fishing products. Of the 10 fishing boats supplying these materials, the company has only made purchases from three or four boats that have succeeded in meeting the requirements, while the remaining boats failed to sell their products as their owners could not present any fishing diaries or identify their fishing locations. Keeping detailed diaries on fishing practices seems strange to fishermen who are used to traditional fishing … [Read more...] about Foreign markets tighten control on origin traceability

Read what is in the news today. Politics -- The Ho Chi Minh City Union of Friendship Organisations (HUFO) held a get-together in the city on Friday to celebrate the 92nd National Day of Thailand (December 5). Society -- A deadly house fire on Vo Thi Nho Street in District 7, Ho Chi Minh City on early Saturday morning killed two women and a two-year-old child. Business -- A number of copycats of ST25, a variety of Vietnamese fragrant rice which was awarded the 'World's Best Rice' title this year, have shown up on the market in Ho Chi Minh City and the Mekong Delta region with unclear quality and origin, leaving consumers confused. -- The organizers of the sixth consecutive edition of ‘Online Friday’, an online sales program initiated by the Vietnam E-commerce and Digital Economy Agency since 2014 on every first Friday of December, estimated that the event has brought in VND2.5 trillion (US$108.6 million) by the end of Friday. -- Fahasa, a popular book distributor in … [Read more...] about Breakfast @ Tuoi Tre News – December 7