The COVID-19 pandemic, with its complicated developments, has given a boost to e-commerce, with non-cash payments accounting for 70% of total retail transactions in Vietnam last year.

Vietnam's Online Shopping Day, dubbed ‘Online Friday 2021’, began at 00:00 hours on December 3, marking the start of the largest online shopping event in the country lasting 60 hours.

The Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) on November 26 announced an e-commerce week and the Vietnam Online Shopping Day – Online Friday 2021.

MobiFone has become the first telecoms company to provide Mobile Money services in Vietnam after receiving permission from the State Bank of Vietnam on November 18.

VOV.VN -The initial nine months of the year witnessed cashless payments continue to enjoy fast growth to top VND36.28 quadrillion, equivalent of US$1.6 billion, according to a recent report compiled by the Government.

The Government has issued a resolution to create a sandbox for financial technology (fintech) in the country’s banking sector.

The prolonged COVID-19 pandemic has unexpectedly created "golden" conditions for the financial industry to accelerate digital transformation and shift to cashless payments.

The State Bank of Vietnam (SBV) has directed credit institutions to reduce some transaction fees from August 1 this year to support customers amid the outbreak of the latest COVID-19 pandemic.

Three mobile network operators - Viettel, VNPT and MobiFone - have applied for the implementation of their own Mobile Money pilot projects.

Visa financial services corporation announced that it has joined hands with Moca e-wallet on the Grab application.