According to a survey of 15,000 retailers by tech firm Sapo, cashless payments in 2021 made up 72.8 percent of total transactions, up 9 percent year-on-year.

Payment using QR Code.

Payments through bank accounts became the most popular method, accounting for 36.5 percent of total transactions at retail shops, restaurants and cafés followed by cash (29.8 percent), e-wallets (14.8 percent), QR code (9.9 percent), bank cards (8.5 percent) and payment gateways (0.5 percent).

Notably, 89.3 percent of retailers have positive assessments on non-cash payments, considering them a trend at present and in future.

New cashless payment tools are expected to be launched in the time to come to reduce difficulties currently facing some retailers.

Vietnam projected to become region’s 2nd biggest e-commerce market

Vietnam’s e-commerce market, currently the fourth largest in Southeast Asia, is likely to surpass Malaysia and Thailand to go second behind Indonesia, foreign companies and analysts say.

Vietnam Airlines launches e-commerce platform

Vietnam Airlines has launched a new e-commerce platform VNAMALL, focused on selling imported products from countries to which it operates.

Vietnam to be fastest-growing e-commerce market in Southeast Asia by 2026: Report

Vietnam is expected to be the fastest-growing e-commerce market in Southeast Asia by 2026, with e-commerce Gross Merchandise Value (GMV) reaching 56 billion USD by 2026, 4.5 times the estimated value of 2021, according to a report by Facebook and Bain & Company.

E-commerce platforms bank on year’s biggest sales event

Nov. 11 has become the biggest shopping event of the year in Vietnam as e-commerce giants throw big bucks into promotions, seeking to entrench the online shopping habit among locals.

Vietnam’s e-commerce to expand 53% in 2021

Vietnam’s digital economy is anticipated to reach a value of US$21 billion in 2021, a year-on-year increase of 31% thanks to a 53% growth in e-commerce, according to the e-Conomy SEA 2021 report released by Google, Temasek and Bain & Company.

Source: NDO/VNA