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Buy now, pay later poses risk if left uncontrolled

'Buy now, pay later' poses risk if left uncontrolled

The BNPL financing industry in Việt Nam would reach a compound annual growth rate of 31.1 per cent between 2023 and 2028.
OnePay, Kredivo team up to bring BNPL service to customers in VN

OnePay, Kredivo team up to bring BNPL service to customers in VN

This partnership is part of a comprehensive strategy from both companies to address the growing demand for digital payments in Viet Nam, a market predicted to be worth US$143 billion by 2025.
Home PayLater wins Best New ‘Buy Now Pay Later Platform Award

Home PayLater wins Best New ‘Buy Now Pay Later’ Platform Award

The Global Economics (TGE), a finance and business publication, recently announced Home Credit Vietnam’s Home PayLater as the winner of the Best New "Buy Now Pay Later" Platform Award.
95 percent of consumers in Viet Nam aware of BNPL/installment plan

95 percent of consumers in Viet Nam aware of BNPL/installment plan

Most Vietnamese consumers (95 per cent) are aware of Buy Now Pay Later (BNPL) or installment plan as a payment option, though only a minority have used it in the last year, according to the Mastercard New Payments Index 2022.
Firms urged to promote value proposition to explore emerging BNPL market

Firms urged to promote value proposition to explore emerging BNPL market

Deloitte and cloud banking platform Mambu have identified the five steps merchants and fintech need to embrace in building a successful Buy Now Pay Later (BNPL) offering.
Mastercard launches world-first commercial card solution for SMEs in Asia-Pacific

Mastercard launches world-first commercial card solution for SMEs in Asia-Pacific

With the consumer-oriented “Buy Now, Pay Later” (BNPL) industry set to exceed US$1 trillion in annual gross merchandise volume globally by 2025, Mastercard launched a new commercial card offering designed specifically for small and medium enterprises (SMEs) on November 15.
Mekong provinces host trade fairs in remote areas

Mekong provinces host trade fairs in remote areas

In 2019, several trade fairs have been hosted in rural areas of the Mekong Delta, aiming to promote locally-made made products under the ‘Buy Vietnamese Goods’ programme
Co.opmarts Tet promotions attract customers in droves

Co.opmart’s Tet promotions attract customers in droves

On the morning of January 4 Co.opmart and Co.opXtra supermarkets in HCM City were crowded though it was a weekday.
Co.opmart, Co.opXtra supermarkets vow to cut prices of 5,000 Tet products

Co.opmart, Co.opXtra supermarkets vow to cut prices of 5,000 Tet products

The Co.opmart, Co.opXtra and Co.op Food networks have pledged to cut the prices of more than 5,000 products by 10-50 per cent for Tet (the Lunar New Year), which falls on February 16 this time.  
New decree for SOE subsidiaries

New decree for SOE subsidiaries

Employees of State-owned enterprises'' subsidiaries will be able to buy shares of the parent companies at preferential prices when those State-owned enterprises (SOEs) are equitised.
VAMC to use cash to buy NPLs

VAMC to use cash to buy NPLs

The Viet Nam Asset Management Company (VAMC) this year will use cash, departing from the usual practice of using only special bonds, to buy non-performing loans (NPLs), officials said.
Kido to buyback 26 million shares

Kido to buyback 26 million shares

Foodstuff producer Kido Joint Stock Company (KDC) plans to buy 26 million shares at no more than VNĐ30,000 each, announced a document of the firm''s shareholder meeting.
Banks cut lending interest rates on govt advice

Banks cut lending interest rates on gov't advice

Last week several banks cut their lending interest rates on the recommendation of the State Bank of Viet Nam.
Sales of air conditioners, fans increase as weather heats up

Sales of air conditioners, fans increase as weather heats up

Consumers are flocking to electronic shops and supermarkets to buy fans, air conditioners and other electronic products to ward off the heat in the southern region.
Viet kieu, foreigners invest in homes

Viet kieu, foreigners invest in homes

The changes to the housing law allowing foreigners and Viet kieu (overseas Vietnamese) to buy houses in Viet Nam (from July 1) has had an impact on the housing market.