Online Friday 2019 is kicked off on Thursday evening. — VNA/VNS Photo Trần Việt HÀ NỘI — The Việt Nam eCommerce and Digital Economy Agency kicked off the Online Friday 2019 and e-commerce and digital technology experience week in Hà Nội on Thursday evening Speaking at the opening ceremony, Minister of Industry and Trade Trần Tuấn Anh said Online Friday was in its sixth year and had seen strong development and response from Vietnamese consumers as well as the business community. The first national online shopping day in 2014 saw a modest transaction total of VNĐ180 billion (US$7.7 million), said the minister. However, the programme has developed with more than 3,000 participating businesses and 27,000 products introduced through online shopping programmes, as well as e-commerce experience weeks. The turnover of the online shopping day reached more than VNĐ2 trillion … [Read more...] about Online Friday 2019 kicks off
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Foreign markets tighten control on origin traceability
The situation, however, has produced both opportunities and challenges for Vietnamese enterprises in building a trademark for local farm produce that is recognized in foreign markets. Cao Thi Kim Lan, director of Binh Dinh Fishery JSC, said that due to the European Commission’s yellow card on Vietnam’s seafood exports to the European market, 100% of the firm’s exported seafood products were being detained at destination ports for check. The firm has faced multiple difficulties in meeting requirements related to the origins of legal fishing products. Of the 10 fishing boats supplying these materials, the company has only made purchases from three or four boats that have succeeded in meeting the requirements, while the remaining boats failed to sell their products as their owners could not present any fishing diaries or identify their fishing locations. Keeping detailed diaries on fishing practices seems strange to fishermen who are used to traditional fishing … [Read more...] about Foreign markets tighten control on origin traceability
Banks raise fees, e-wallet to be preferred
Over 20 e-wallets have been licensed in Vietnam Nguyen Dong (Nha Be district, Ho Chi Minh City) said he uses e-wallet MoMo to pay online for utilities, internet, and his mobile phone bills every month. He even uses this app to pay when going out with friends or family. Recently, when numerous banks have been adjusting service fees, he uses e-wallet more frequently. “The e-wallet provides several integrated services, such as buying movie tickets, air tickets, taking up consumer loans, and insurance policies. We can collect points and receive discounts just by using the e-wallet. Some e-wallets even give bonus e-money to users who invite friends,” said Vu. Pham Minh (Hoan Kiem district, Hanoi) uses the Vi Viet app to pay her bills online. It is very comfortable and free of charge for all transactions. CafeF.vn quoted leaders of some banks confirming that customers are turning towards e-wallets to pay bills, shop, and among others. E-wallet also provides some extra services … [Read more...] about Banks raise fees, e-wallet to be preferred