Vietnam is considered a “Bright Star” in ASEAN with its economic growth rate maintained at a high level over the past years despite global fluctuations by resilience despite global challenges, with positive growth forecast for 2024, increasing FDI, and a record trade surplus contributing to economic stability. Read more
The Transformation of Cashless Transactions in Vietnam
In recent years, Vietnam has witnessed a significant shift towards cashless transactions, driven by technological advancements and changing consumer behaviors. This transformation is reshaping the financial landscape and offering numerous benefits to both consumers and businesses.
The adoption of digital payment methods, such as mobile wallets, online banking, and contactless cards, has surged. Companies like MoMo, ZaloPay, and ViettelPay are leading the charge, providing convenient and secure payment solutions. The government’s push for a cashless society, coupled with the increasing penetration of smartphones and internet access, has accelerated this trend. Read more
Vietnam’s Efforts to Support a Green Strategy for Automotive Industry
With 6.5 million cars and 74 million motorcycles, Vietnam is the second-largest emitter of greenhouse gases (GHGs) from road transport in Southeast Asia, following Indonesia. Emissions from road vehicles in the country are rising rapidly, with an average annual increase of about 15 per cent over the past decade. Read more