Investigators have estimated the total value of the ring's transactions at around VND3 trillion based on data from thousands of gambling accounts in which tens of billions of dong worth of transactions were done every week. (VND1 billion = $43,000). … [Read more...] about Police arrest $130-million online gambling gang in HCMC
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Market Watch target illegal online firework trading over Tết
The activity has been known as the new method to trade illegal firecrackers. Local press reported that many channels and pages have been created to sell different types of fireworks costing of between VNĐ550,000-3 million (US$22.9-125). … [Read more...] about Market Watch target illegal online firework trading over Tết
Delivery services to grow 30-40 percent in 2020
Hanoi (VNS/VNA) - The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels. The Vietnam E-commerce and Digital Economy Agency (IDEA) forecasts that the Vietnamese e-commerce market will reach 10 billion USD this year. The agency also estimated that delivery services would record a revenue growth of 30-40 percent, with the market growing 20 percent and large companies taking a bigger share. In a Google-Temasek report on e-commerce in ASEAN countries, the Vietnamese e-commerce market is estimated to increase from 4.6 billion USD last year to 23 billion USD by 2025. The strong growth of e-commerce is beneficial for other supporting industries, such as logistics and e-payment services. However, the competition in the delivery industry is high as new competitors entered the market in the 2018-19 period, such as Grab Express. The European Union − Vietnam Free Trade Agreement (EVFTA) is expected to take effect … [Read more...] about Delivery services to grow 30-40 percent in 2020
New solution to settling disputes in e-commerce
It is a public service portal, level 4, to share data, monitor and settle complaints by units in and outside the MoIT such as the Vietnam E-commerce and Digital Economy Agency, the Market Surveillance Department, the Vietnam Competition and Consumer Authority, and industry and trade departments, Hung said. … [Read more...] about New solution to settling disputes in e-commerce
Sea level rise poses long-term credit risk to Vietnam: Moody’s
“The pace of increase in the frequency and severity of natural disasters related to sea level rise and the effectiveness of adaptation measures will determine the extent of the credit constraints that these sovereigns face,” said Moody’s. … [Read more...] about Sea level rise poses long-term credit risk to Vietnam: Moody’s
