Exploring the Market for ‘Buy Now, Pay Later’ Services in Vietnam
Vietnam boasts a relatively low ownership of credit cards, with only 5-6 percent of the population holding one. However, the nation’s expanding middle class and surging consumer demand are capturing the attention of fintech companies. They are introducing a diverse range of ‘Buy Now, Pay Later’ (BNPL) services to tap into this burgeoning middle segment of the market. Read more
Investors exploring opportunities in the Vietnamese market have several business entity options to choose from this guide provides an overview of the SIX main types of businesses available for those looking to establish a presence in Vietnam: Representative Office, Limited Liability Company (100% Foreign-Owned Enterprise), Branch Office, Joint Venture, Public Private Partnership, and Joint-Stock Company.
Investors from Singapore, South Korea, Taiwan, Japan and Malaysia invested about $1.4 billion in merger and acquisition (M&A) deals in Vietnam’s real estate sector in the first seven months of this year. Read more
In recent years, the Asia-Pacific region has become a powerful player in the global business arena. New economy enterprises, driven by technological innovation and entrepreneurship, are set to reshape the next decade. The region’s thriving tech sector is at the forefront, embracing cutting-edge technologies and disrupting traditional business models. This transformation offers a remarkable opportunity for businesses, both new and established, to tap into the region’s vast potential and contribute to its rapid growth.
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Vietnam is forecast to become the second-largest economy in Southeast Asia after Indonesia and the 20th-largest economy in the world by 2036, according to the World Economic League Table 2022 report by the Center for Economic and Business Research (CEBR). Read more
The Asia-Pacific region has rapidly become one of the biggest drivers of e-Commerce growth and encompasses several of the world’s largest and most populated economies. Based on the latest figures, the region accounted for USD 3.3 trillion of the USD 5.0 trillion global turnover in 2022 — a trend that’s expected to continue, with a projected compound annual growth rate of 11.21% from 2023 until 2026.
Each country within the Asia-Pacific region offers a diverse range of payment options. e-Wallets are the most popular payment system overall, with credit and debit cards, bank transfers, and cash-on-delivery methods also enjoying widespread use.
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