Financial institutions, fintech firms, payment facilitators, and merchants showcased their best practices and thought leadership, including their discussions about emerging digital payment trends in Vietnam, at a recent forum.   A panel discussion on the future of payments in Vietnam  The forum, titled ‘Open Payments Forum’ and hosted by Visa last week, explored the future […]

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Officials and experts gathered at a conference recently held in Ho Chi Minh City to discuss multifaceted aspects related to carbon credit pricing, deliberating on strategies for the establishment of a robust carbon credit exchange platform. The pricing of carbon credits is a topic of public concern, Nguyen Van Minh, head of economics and climate change […]

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Attendees at a recent event to discuss carbon credit market regulations in Ho Chi Minh City enjoyed an array of eco-friendly products showcased by local businesses. The conference ‘Carbon Credit Market – A Driver for Building a Green Vietnam,’ together with the launch of the Green Vietnam project, was held by Tuoi Tre (Youth) newspaper at the […]

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Vietnam ranks second globally in the ratio of the population with cryptocurrency ownership, according to a report by payment platform Triple-A.   An investor looks at cryptocurrency data on a trading platform. Photo by VnExpress/Khuong Nha  Around 21.2% of the Vietnamese population owns crypto, second only to that of the U.A.E at 34.4%. The U.S. […]

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Vietnam’s strategic location and flexible laws can attract technology behemoths like Google, Amazon and Microsoft into opening data centers in the country, according to a new report.   The Saigon Hi-tech Park in HCMC. Photo by VnExpress/Quynh Tran  Many U.S. cloud service providers would soon enter Vietnam’s data center market, making it increasingly competitive and […]

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Pilot programs pave the way for nationwide expansion of electronic toll collection (ETC) systems, eliminating physical barriers and streamlining traffic flow.   Vietnam’s ambitious plan to implement barrier-free ETC represents a transformative vision for the country’s transportation infrastructure. (Photo source: internet.) Vietnam’s Ministry of Transport (MOT) is spearheading a nationwide initiative to revolutionize the country’s […]

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Never before has the term ‘green credit’ been so frequently mentioned by banks in Vietnam, who are now continuously collaborating with international organizations to capitalize on funding for green credit projects, all while being committed to reducing emission levels.   Workers process coconuts at a facility owned by Ben Tre Import and Export Joint Stock Corporation, […]

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Singapore has become increasingly reliant on Vietnamese rice imports, with Vietnam surpassing traditional suppliers like Thailand and India.   Vietnam is now Singapore’s leading rice supplier. Photo: Buu Dau / Tuoi Tre  Data from Singapore’s enterprise regulator shows Vietnamese white rice exports to the city-state reached US$26 million in the first three months of 2024, reflecting […]

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The total value of cashless transactions in 2023 was 23 times GDP, according to the State Bank of Vietnam.   A customer scans a QR code to pay at a restaurant in Hanoi. Photo by VnExpress/Luu Quy  This is 90% of the 2025 target, Pham Anh Tuan, director general of the central bank’s Payment Department, […]

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The number of individuals with over US$1 million in net worth in HCMC has doubled in the last decade, making it Asia’s next big millionaire hotspot, a report has found.   A view of downtown HCMC in July 2023. Photo by VnExpress/Quynh Tran  The city now boasts 7,200 millionaires, 24 centi-millionaires, and 3 billionaires, according to […]

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