visa study finds cash usage dropping in vietnam as consumers embrace new ways to pay

Visa study finds cash usage dropping in Vietnam as consumers embrace new ways to pay

A new study commissioned by Visa, the world’s leader in digital payments, has found Vietnamese consumers are using less cash in favour of digital payment methods including new payment technologies such as contactless cards and mobile payments, as well as mobile e-commerce payments.
vir seminar restarting the economy to stimulate demand on consumer finance

VIR seminar: Restarting the economy to stimulate demand on consumer finance

Restarting the economy will improve the demand for consumer finance, however, both consumer finance companies and banks need to build diverse loans to meet customer demand.
e commerce titans step up fake product fight

E-commerce titans step up fake product fight

Overseas e-commerce companies Lazada and Shopee may lose their positions in Vietnam if they keep demonstrating limitations in protecting consumers from low-quality and fake goods.
consumer finance arms reach out to attain positive growth

Consumer finance arms reach out to attain positive growth

Although a sweeping set of stringent rules and the coronavirus pandemic have dented a flourish in the lending segment, Vietnam’s consumer finance market still appears lucrative, enticing many overseas investors.
vir to organise consumer finance seminar on may 21

VIR to organise consumer finance seminar on May 21

The annual consumer finance seminar, which will be organised by VIR on May 21, will focus on the impacts of the COVID-19 pandemic on the finance sector, as well as the existing difficulties and opportunities for growth in the coming time.
how covid 19 has impacted vietnamese consumers

How COVID-19 has impacted Vietnamese consumers

Like all countries, Vietnam is grappling with the challenge of safeguarding livelihoods from the health and economic impacts of the coronavirus. After two months of giving up a number of routine activities, Vietnamese people are now starting to resume their daily activities and are starting to establish a new normal for business operations.
johnson johnson to stop sales of talc based baby powder in us canada

Johnson & Johnson to stop sales of talc-based baby powder in US, Canada

NEW YORK: Pharmaceutical giant Johnson & Johnson announced on Tuesday (May 19) it would stop selling talc-based baby powder in the United States and Canada, where sales had already been hit by changing consumer habits and fears the product causes cancer.
consumers optimistic amid covid 19

Consumers optimistic amid COVID-19​

Vietnamese consumers are some of the most optimistic, among Asian countries surveyed, that their country will weather the challenges of the COVID-19, according to a McKinsey’s mid-April consumer survey.
future apple store may fail to bite into retailers

Future Apple Store may fail to bite into retailers

Rumours of Apple setting up a manufacturing base and opening its first Apple Store in Vietnam have sent consumers into frenzy, but local tech retailers and parallel importers do not seem particularly worried over losing a slice of the pie to the United States-based tech titan.
modest inflation expected for 2020

Modest inflation expected for 2020

Despite a four-month high in the consumer price index, Vietnam will likely be successful in reining in inflation this year thanks to a decline in oil price and public demand, as well as the government’s efforts to stabilise prices in the market.
elanco bayer acquisition pronounced legal

Elanco-Bayer acquisition pronounced legal

After investigating the dossiers, the Vietnam Competition and Consumer Authority under the Ministry of Industry and Trade found that the acquisition deal between Elanco Animal Health Incorporated and Bayer AG does not violate Vietnam’s Competition Law.
retail property landlords and tenants facing predicament

Retail property landlords and tenants facing predicament

Retail property landlords and tenants must prepare to navigate a period of elevated risks to cash flow and increased operational costs arising from a slump in consumer demand and disruption to supply chains.
consumer finance in vietnam charm foreign players

Consumer finance in Vietnam charm foreign players

As Vietnam has a fertile consumer finance market, more foreign players are considering joining the bandwagon by tying up with local peers.
credit card defaults a risk during covid 19

Credit card defaults a risk during COVID-19

Experts have warned that consumers may soon start defaulting on their credit card payments due to rising unemployment and salary cuts in many industries and sectors in the wake of the COVID-19 pandemic.
consumers risk higher defaults amid lending sector fluctuation

Consumers risk higher defaults amid lending sector fluctuation

Vietnam’s lending sector appears increasingly susceptible to the boom and bust of the global health crisis, with an uptick in sour loans fanning fears that it would dig into the growth of the whole market.