Vietnam targets 55% of population shopping online by 2025
Hanoi and Ho Chi Minh City would make up half of the country’s e-commerce revenues in the next five years.
Hanoi and Ho Chi Minh City would make up half of the country’s e-commerce revenues in the next five years.
The banking authority has worked with relevant ministries and branches in launching direct carrier billing service.
Over 50% of the Vietnamese population does not have a payment account at banks, therefore, mobile money would offer a non-cash payment method for a large base of customers.
By the end of 2020, all commercial banks are required to meet Basel II standards, a condition for local lenders to expand their respective credit growth limit and increase registered capital.