A record of over US$1.3 billion was poured into Vietnamese startups in 2021 despite the complicated developments of the COVID-19 pandemic, helping the country rank third in the group of the most dynamic innovative startup ecosystems in Southeast Asia, only after Indonesia and Singapore.

VOV.VN - Visa, the world’s leader in digital payments, and VNPAY, Vietnam’s top fintech company, have entered a strategic partnership to enhance the digital payments experience in Vietnam.

Cashless payment has become more popular in all sectors, including restaurant and catering services, according to Winnie Wong, Mastercard’s Country Manager for Vietnam, Cambodia and Laos.

Despite low growth in 2021, the local retail industry is still considered full of potential and will continue to explore areas for new growth.

More than 463,000 people have used Mobile Money as of February 11, over one month after the Viettel Military Industry and Telecoms Group (Viettel) and the Vietnam Posts and Telecommunications Group (VNPT) launched the cashless payment service.

PetroVietnam Gas Corporation (PV GAS) should make efforts to achieve the target of annual growth of 10% in 2022 and following years, General Director of the Vietnam National Oil and Gas Group (PetroVietnam) Le Manh Hung has said.

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.

The Government has issued Decree No.104/2021/ND-CP on the extension of the deadline for special consumption tax payment on domestically-manufactured or assembled automobiles.

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.