Vietnam must redefine scope and scale of digital economy
The Chief Economist of the state-owned Bank for Investment and Development of Vietnam (BIDV) stated that the current method of calculating the scale of the digital economy “only reaches the core”, while digital transformation is spreading rapidly into many industries…
Online shopping boom in Vietnam likely to continue in 2022
Online shopping will continue to do well this year even if the COVID-19 pandemic ends, experts have said. The digital economy saw massive growth in Southeast Asia last year, driven by the rise of e-commerce, according to a recent report.
Vietnam mobile wallet MoMo says valuation tops $2 bln after funding
Vietnam’s biggest e-wallet company, MoMo, said on Tuesday said it had raised $200 million from four investors led by Mizuho Bank, pushing its valuation above $2 billion.
Vietnam, India Sign MoU On IT, Electronics Cooperation
The Vietnamese Minister of Information and Communications (MIC), Nguyen Manh Hung, and the Indian Minister of State Electronics and Information Technology, Rajeev Chandrasekhar, signed a memorandum of understanding (MoU) on bilateral cooperation in information technology and electronics.
Frequent breakages, long repairs mark Vietnam’s undersea cables
Vietnam’s undersea internet cables break around 10 times a year on average, making the nation’s international infrastructure support for internet connections among the weakest in the region.
Japan, Vietnam look to cyber defense against China
Japan and Vietnam on Tuesday signed a cybersecurity agreement as the two Asian nations rapidly step up their military ties amid concerns over China’s growing assertiveness.
Vietnam Blockchain Corporation raises funds to take its blockchain solutions global
Vietnam Blockchain Corporation (VBC), the country’s leading provider of Blockchain-based software solutions, is currently raising funds to make its innovative products available to the international audience.
Vietnam plans digital transformation to boost business efficiency
The Ministry of Planning and Investment has drawn up a programme on supporting digital transformation in enterprises, cooperatives and household businesses during the 2021-25 period.
Could Vietnam be the next fintech battleground of Southeast Asia ?
Vietnam has a promising market for fintech given its combination of low financial inclusion and high tech sophistication. The country also remains the preferred investment destination in Southeast Asia. Growth strategies include investment in technology, introducing new products, and entering…
One more Vietnamese cryptocurrency hits $600 mln market cap
Coin98 has become the second Vietnamese cryptocurrency to achieve a market cap of over $600 million.
Vietnam leads crypto adoption in Finder’s 27-country survey
Financial product comparison website Finder.com has released its latest crypto report, where it evaluated adoption trends across 27 countries in Europe, Asia and the Americas.
Tighter livestreaming control on social network in Vietnam
Livestreaming on the social network is becoming popular in the ASEAN region. Yet, Vietnam is looking to increase control over livestreaming on popular social media platforms such as Facebook and YouTube, according to a draft government decree, as the country aims to tighten its grip…
What Facebook learned from rural Vietnam about chat-based e-commerce
As parts of its advertising business slow down, social media juggernaut Facebook is taking a page from rural communities in Vietnam, on how to engage with customers as well as online retailers using chat and video functions.
Bittersweet : Vietnam’s mixed progress on E-Government during COVID-19
Despite notable progress in providing digital services, there are still major challenges in accessing these tools in practice.
Vietnam to tighten grip on social media livestream activity
Vietnam’s government is seeking to increase scrutiny of livestream content on social media such as Facebook and Google, in its latest move to rein in online activities it deems to be anti-state.
Vietnam to pilot virtual currency as crypto thrives in gray zone
Central bank instructed to develop blockchain-based digital money
Vietnam to take deep dive into crypto with digital currency implementation pilot
Vietnam’s central bank will pilot a cryptocurrency implementation program within the next two years.
Vietnam to trial virtual currency
The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency.
Vietnam, Singapore begin negotiations on digital trade agreement
Despite all the challenges, an agreement between the two nations would further liberalize the digital trade environment in Southeast Asia.
Internet use in Vietnam significantly increases in wake of pandemic
Facebook, citing its internal data and surveys conducted by WARC, has indicated that Internet services in Vietnam has increased sharply in the wake of the coronavirus pandemic, according to Vietnam-based ictnews.
Thousands duped by illegal trading platforms in Vietnam
Forex trading fraud has become widespread in Vietnam with hundreds of thousands of investors lured by the promise of high profits offered by tricksters.
Vietnam formulates nationwide code of conduct for social media
Whether or not it is enforceable, the move hints at Hanoi’s desire for tight control over what its citizens say and do online.
Vietnam introduces national social media guidelines
New social guidelines encourage users to post positively about the country. However, given the country’s track record on dissent, the guidelines also serve to tighten the government’s control.
As Vietnam embraces cashless payments, cybersecurity risks emerge
Vietnam is marching towards becoming a cashless society with new methods of electronic payments being deployed widely, but security risks come hand in hand with new technologies and applications.
Vietnam’s e-commerce enters ‘golden age’ during pandemic
The Covid-19 pandemic has helped e-commerce platforms in Vietnam achieve impressive growth of 18 per cent, pushing the market size to US$11.8 billion.
Cybersecurity in Vietnam has anything changed ?
Since adoption of the Law on Cybersecurity in 2018, there has been an ongoing conversation opposing the strict regulatory environment that the Law creates. Strict enforcement, it is said, would disrupt the continuous flow of data so important to commercial…