As many as 18 banks and credit organisations agreed to implement a cashback policy to customers joining in Online Friday 2016 on December 2 (Photo: congly.vn)
Hanoi (VNA) - As many as 18 banksand credit organisations agreed to implement a cashback policy to customersjoining in Online Friday 2016 on December 2. Le Duc Anh from theVietnam E-commerce and Information Technology Agency (VECITA) under theMinistry of Industry and Trade said under the cashback policy, banks would givepeople a discount into their bank accounts after buying products or servicesonline. Last year, the rateof card payment on Online Friday was only 4 percent while the remaining wascash on delivery (COD). COD has caused difficulties for both delivery firms andretailers as only 1 out of 10 orders were successfully implemented. Businesseshave suffered costs for goods which were not delivered to customers. This prompted themove to call for banks’ participation in the cashback policy. The payment wouldbring benefits to businesses, delivery firms and customers. Customers could getup to 500,000 VND (22 USD) for a 1 million VND order if they pay by bank cardson Online Friday 2016, Anh said. VECITA said theMaritime Bank and ACB have the highest rate of cashback of up to 50 percentwhile Agribank, Kien Long Bank and SCB give a 30 percent discount. Eximbank, NCB, VRB,BaoVietBank, HDB and MB would give 20 percent discounts to customers paying bycards. An Binh Bank and VP Bank offer a discount of 10 percent in the day.Sacombank also joined in the programme with a discount rate of 5 percent. SeABank gives 500,000VND cashback for bills of more than 1 million VND. Vietcombank wouldadd 200,000 VND cashback for its local debit card for online purchases of morethan 500,000 VND on 27 big domestic online websites such as Adayroi, Tiki,Shoptretho, Lazada and Fptshop. The cashback willapply only on December 2.
The year’s largeste-commerce event will take place from December 1 to 4 with two main events ofOnline Friday at website store.onlinefriday.vn/ and Big Off in the pedestrianstreets around Ho Guom (Sword Lake) in the centre of Hanoi. 𒅌 VECITA said the organising boardthis year has taken solutions to prevent fraudulent promotions.
It has cooperated with pricecomparison websites such as Top Mot, Websosanh and Chongiadung to help consumers compare prices of goods and services. People could also use the iCheck appto check product information. As of November 28, the organisingboard removed more than 60,000 products registering in the day as they havehigher prices than the average level in the market.-VNA
About 3,000 businesses will offer their best products and services at lower prices on the Online Friday 2016, the year’s biggest e-commerce event held on the first Friday of December.
More and more retailers in the country are shaking hands with big e-commerce companies in order to widen their business activities while ensuring cost savings.
Small and medium-sized enterprises (SMEs) are encouraged to promote brand building and e-commerce development to enhance competitiveness at a recent workshop on e-commerce in southern Can Tho City.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
As many as 18 banks and credit organisations agreed to implement a cashback policy to customers joining in Online Friday 2016 on December 2 (Photo: congly.vn) 
