lotte finance launches paylater service to catch up with buy now pay later trend

Lotte Finance launches PayLater service to catch up with "buy now, pay later" trend

Lotte Finance Vietnam has officially launched a brand new consumer finance service called PayLater by Lotte Finance to capture the lucrative "buy now, pay later" segment in the country.
fourth wave of pandemic spurs insurance demand in vietnam

Fourth wave of pandemic spurs insurance demand in Vietnam

Over a quarter of Vietnamese consumers have purchased more insurance products, with 26 per cent reporting an increase in purchasing frequency during the fourth wave compared to before the latest outbreak struck, YouGov said in a recent report.
insurance draft to aid standardisation

Insurance draft to aid standardisation

Amid evolving consumer trends and digital transformation, the Ministry of Finance has issued draft changes to the Law on Insurance Business to bring regulations up to speed with modern times by opening them up to technology while also making it safer by restricting investment by local and foreign insurers.
vietnamese consumers demand for shopping groceries online soars amid covid 19

Vietnamese consumers' demand for shopping groceries online soars amid COVID-19

The ranking of e-commerce businesses in Vietnam's Map of E-commerce changed in the second quarter of 2021, with the volume of searches on Google for essential online stores skyrocketing, according to an iPrice Group study.
70 million people in southeast asia have adopted online shopping due to covid 19

70 million people in Southeast Asia have adopted online shopping due to COVID-19

According to the recent "Southeast Asia, the home for digital transformation" report from Facebook and Bain & Company, 70 million people in Southeast Asia, including six countries, have shopped online due to strict social distancing measures. Nearly half of them, or around 30 million people, became digital consumers from 2020 to 2021 alone.
29 years of firm belief in for a brighter life novagroups community ambitions

29 years of firm belief in “For A Brighter Life” Novagroup’s community ambitions

Established in 1992 and formerly known as Thanh Nhon Trading Company Limited, NovaGroup has operated in the field of manufacturing and trading of veterinary and aquatic medicines as well as building villas for rent.
lockdown chance to readjust retail

Lockdown chance to readjust retail

The pandemic is continuing to hamper the development of retail centres in large cities, despite the positive future predicted for Vietnam’s consumer market by both international and domestic consultants.
living in a pandemic boosting consumption or waiting to die

Living in a pandemic: Boosting consumption or waiting to die?

At a time when the COVID-19 pandemic brings many challenges to the economy, Vietnam needs to quickly resume the consumer market to the "new normal" to minimise the “scar" the COVID-19 pandemic has left on the economy and society.
vnpay e wallet reduces burdens during pandemic with stellar refunds on utilities bills

VNPAY e-wallet reduces burdens during pandemic with stellar refunds on utilities bills

Consumers need no longer worry about paying their monthly electricity and water bills as VNPAY e-wallet offers instant payment with a 50 per cent refund of up to VND50,000 ($2.20) for new consumers making bill payments on the app from September 15 to 17.
hsbc vietnam facilitates international investment in vnlife vietnams second unicorn

HSBC Vietnam facilitates international investment in VNLIFE, Vietnam’s second unicorn

HSBC Vietnam supported General Atlantic and Dragoneer Investment Group in co-leading a $250 million Series B investment in VNLIFE, a local tech startup operating in banking enablement, digital payment, online travel, and new retail. This capital injection is expected to accelerate the growth of VNLIFE’s existing businesses and support its development of new platforms and technologies to better serve its merchant partners and Vietnamese consumers.
nestle vietnam at the fore of crisis response

Nestlé Vietnam at the fore of crisis response

Fast-moving consumer goods companies are adopting different strategies to ensure the uninterrupted supply of essential goods and services. Nestlé Vietnam has emerged as an exemplary company with a suitable response to the global health crisis and is ready to share its experiences with the business community.
banks on the road of digital transformation

Banks on the road of digital transformation

Banks are taking advantage of Vietnam's potential environment to conduct digital transformation to meet increasingly technology-driven consumer demands.
consumer finance survey reveals strongest financial brands in vietnam

Consumer finance survey reveals strongest financial brands in Vietnam

The biggest-ever consumer finance survey in Vietnam has named Vietcombank, BIDV, and Techcombank as the country’s three strongest financial brands. Based on over 45,222 interviews with Vietnamese consumers between July 2020 and July 2021, the results were revealed in the first YouGov Banking & Insurance rankings.
consumer price increase drops to record low since 2016

Consumer price increase drops to record low since 2016

Vietnam’s consumer price index (CPI) for the first eight months of 2021 dropped to a record low since 2016.
xiaomi posted strong revenues and profit growth in the second quarter of 2021

Xiaomi posted strong revenues and profit growth in the second quarter of 2021

Xiaomi Corporation, a consumer electronics and smart manufacturing company, has generated total revenues of $13.54 billion and adjusted net profits of $971.58 million in the second quarter of 2021, up 64 and 87.4 per cent on-year respectively.