NEC Vietnam, a leading infocommunications technology provider, today announced the launch of its latest retail point-of-sale (POS) terminal TWINPOS G5 52V1. The new TWINPOS G5 52V1 has a 15-inch touchscreen and weighs seven kilogrammes. It’s easy-to-clean, with hard-disk and components easily accessible for repairs and replacements, which will help reduce time and costs in maintenance and servicing. The robust system design provides environmental durability that can support the needs of multiple retail environments. The systems will be distributed nationwide by appointed distributors Dinh Thien Co., Ltd (APEX), Digiland Co. ltd. (Digiland) and iPOS VN JSC (iPOS) to small and medium sized businesses in the food and beverage, convenience store, retail chain store and specialty shop sectors. New retail systems will come with a three year warranty, with full support service provided nationwide. “Our leading technology retail solutions will help the rapidly growing retail … [Read more...] about NEC Vietnam launches new retail point-of-sale solution
Point of sale solutions
AIA (Vietnam) Life Insurance has pioneered the application of software in its business activities. The company’s revolutionary iPoS system allows instant insurance sales and consultations The company last week announced that in just three months of applying its software interactive point of sale (iPoS) on the iPad for the trading of life insurance, hundreds of AIA Vietnam premier agents have adopted the new system adding more than 1,000 insurance contracts. AIA Vietnam is the first company in the Vietnamese life insurance market to apply the iPoS technology. iPoS is an interactive business supporting system developed for the iPad. The entire life insurance consultancy process, from recording client information, consultancy of insurance interests, completing profiles, to submitting them to the company can be done via the iPoS. This form of online transaction also remains highly secure thanks to the use of leading IT security solutions. With these outstanding utilities, the … [Read more...] about AIA Life Insurance pioneer iPad point of sale platform
VietNamNet Bridge - After only two weeks available in HCM City, Mega 6/45 lottery outlets have appeared everywhere, with up to 800 points of sales. This new type of lottery has become hot among Vietnamese players, particularly in HCM City. Berjaya Corporation Bhd's (Bcorp) joint venture in Vietnam – Berjaya Gia Thinh Investment Technology Joint Stock Company (Berjaya GTI) – launched its lottery operation in Vietnam in mid-July with its first game, Mega 6/45 Lotto Jackpot Game. BCorp hoped the jackpot game with a minimum VND12 billion (US$533,300) jackpot will excite a new generation of Vietnamese lottery players as well as create a more convenient lottery solution for existing players. "Within the first month of operations, 800 point of sale terminals for Mega 6/45 tickets will be available throughout HCM City with some 10,000 point of sale terminals planned nationwide within the next five years," it said in a statement at the official launch of the lottery … [Read more...] about 800 American-style lottery points of sales set up in Saigon in two weeks
Diebold Nixdorf, a leading innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, is celebrating its 10th year anniversary of direct presence in Vietnam. Senior managers of Diebold Nixdorf in the Q&A session with the press RELATED CONTENTS: Money laundering all too easy in Vietnam? Deputy PM signs no-cash policy Diebold Nixdorf has been operating through both third-party business partners and direct sales for ten years and is continuing to provide hardware, software and services to its banking and retail customers. It is the only ATM manufacturer to have a direct presence in Vietnam and currently serves … [Read more...] about Diebold Nixdorf celebrates 10th year anniversary of direct presence in Vietnam
It’s very common to hear people discuss various countries’ economies as being “built on small businesses”, however, nowhere is this more true than in Vietnam. With an estimated 600,000 small and medium sized businesses in Vietnam today, it’s clear that operations of this kind provide opportunities for many Vietnamese people. However, this also contributes to the economy’s reliance on physical cash, as a large number of these smaller operations simply do not have the infrastructure or capital necessary to set up a point-of-sale (POS) system to receive funds electronically from cards. Because of these barriers to entry, merchants around the country are unable to access the many benefits of electronic transactions, including increased customer traffic and customer satisfaction, guaranteed payment, fraud protection, simplified accounting, better cash flow management, and decreased security risks associated with counting, storing, handling and … [Read more...] about Electronic payments innovation to change the future of commerce in Vietnam
Microsoft Corp. on Tuesday opened its sold-out Microsoft Dynamics Convergence 2014 conference with a keynote address from Kirill Tatarinov, executive vice president, Microsoft Business Solutions. In his keynote featuring Microsoft Dynamics customers, Chobani, City Harvest, Delta Air Lines, Lotus F1 Team, New Belgium Brewery and Weight Watchers, Tatarinov called on businesses to change their approach and adopt a customer centric view to enable them to deliver meaningful customer interactions. In this era of the customer, he underscored the importance of technology combined with cultural changes in the organization as critical for businesses to gain insight into their customer’s needs and deliver experiences that help build lasting relationships. To help businesses deliver amazing customer experiences Microsoft unveiled a comprehensive set of new capabilities across its business solutions portfolio. The additions will allow organisations to take advantage of cloud services, … [Read more...] about Microsoft Dynamics delivers essential business solutions through apps, devices and services
The Vietnam E-commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade set a goal to get 30 percent of Vietnamese people shopping online by 2020. It also aims to bring annual e-commerce sales to an average of 350 USD per person . In order to boost online consumers’ and businesses’ confidence, VECITA is improving legal frameworks for e-payments and logistics services, as well as developing corresponding application solutions, said Tran Huu Linh, head of VECITA. Linh said current legal frameworks and infrastructure do not meet rising demand for e-commerce growth, adding that the revenue from the field is estimated to reach 4 billion USD in 2015. Currently, the Ministry of Industry and Trade is collecting suggestions for a draft plan for e-commerce development by 2020. It aims to get approximately 60 percent of businesses onto the internet, regularly updating information to introduce and sell products, with 80 percent of businesses taking … [Read more...] about 30 percent of Vietnamese population to join online shopping by 2020
The Vietnamese Consumer Finance Market (CF) has witnessed the fastest growth in 2015 domestic and foreign-owned finance companies are in a fierce competition for a slice of the consumer loans market. Following a robust surge in 2014, Vietnam’s Consumer Finance Market in 2015 continued to experience the fastest growth for the past 5 years. The outstanding loan balance soared from $10.5 billion in December 2014 to $15.12 billion at the end of 2015, signifying 44.1 per cent growth. Figure 1: Consumer Loan Balance ($bn), %Consumer Loans/GDP, %Consumer Loans/Loan Book According to StoxPlus’s analysis, the robust growth of the Vietnamese Consumer Finance Market resulted from the significant change in customer behaviour and the middle class’respectively high demand for housing loans. The transition in the borrowing behaviour of customers from borrowing from relatives, friends or the informal finance market to more formalized methods at finance companies also had a positive … [Read more...] about FinTech – Solution or Challenge to Vietnamese Consumer Finance companies?
HA NOI (Biz Hub) — Consumer Finance Market (CF) in Vietnam has witnessed the fastest growth in 2015 - domestic and foreign-owned finance companies in Vietnam are in a fierce competition for a slice of the consumer loans market. Following a robust surge in 2014, VietnamConsumer Finance Market in 2015 continued to experience the fastest growth for the past 5 years. The outstanding loan balance soared from US$10.5bn in December 2014 to US$15.12bn at the end of 2015, with 44.1% growth. Figure 1: Consumer Loan Balance (U$bn), %Consumer Loans/GDP, %Consumer Loans/Loan Book. — StoxPlus According to StoxPlus's analysis, the robust growth of VietnamConsumer Finance Marketresulted from the significant change in customer behavior and the respectively high demands for housing loan of middle class. The transition from borrowing behavior of customers from borrowing from relatives, friends or informal finance market to more formalized method at finance companies also had a … [Read more...] about FinTech – Solution or Challenge to Vietnam Consumer Finance companies?
Lac Viet and Microsoft introduced new software to support SMEs. — VNS File Photo Le Thu Ngan HCM CITY (Biz Hub) — The Lac Viet Computing Corporation and Microsoft Viet Nam on June 27 unveiled a new software solution on financial accounting and office management. Running on the cloud, the new solution is a combination of financial accounting software AccNetC and Microsoft's Office 365. It is expected to offer comprehensive support to small- and medium-sized enterprises by offering simple usage and a low initial investment. According to Lac Viet, the software solution will include standard accounting reports as well as World, Excel, Powerpoint and email. The software helps company manage executive information, cash/budgets, account payables, inventory, general ledgers, cost analyses, fixed assets, managerial accounting, consolidation, cost accounting and points of sale. It has no limit on space, time or number of users, and it automatically upgrades. The fee to register is … [Read more...] about Lac Viet, Microsoft introduce new cloud solution