e-Payment in Vietnam: who are with whom

By , October 30, 2011 3:23 pm

Disclaimer: all information are sourced from public information.

Category Product Company Strategic Partner Financial Partner
e-Wallet NganLuong PeaceSoft PayPal



MobiVi’ Viet Phu Experian  
BaoKim Vietnam Price (VatGia)  



Payoo VietUnion NTT Data Saigon Invest
Soha Pay (MuaChung Pay) VCCorp   IDGVV
vCash VinaPay



WMV WebMoney Vietnam WebMoney Russia Viet A Bank
Mobile Payment MoMo VinaPhone    
Bank switchboard Smartlink Smartlink A syndicate of banks, led by Vietcombank
VNBC VNBC A syndicate of banks, led by Dong A Bank
Banknetvn Banknetvn State Bank of Vietnam
Payment gateway OnePay   Mastercard Vietcombank
Kiosk banking Paylink     Kosto Group
FPT Pay   FPT Online  

Yahoo! Blog 2011: too late an attempt for Vietnam

By , October 22, 2011 12:22 pm

From 2006 through mid 2009, the hottest web property in Vietnam was the blogging platform Yahoo! 360. The reason was Vietnamese were largely using Yahoo! Messenger as a default online communication tool, and 360 was directly integrated to Messenger.

Out of 4 million global users, 2.5 million were from Vietnam, and the latter were highly active.

Starting from 2008, the service has gone extremely unstable with many bugs left open. Despite being flawed and faulty, Vietnamese expressed the will that the product should be spun off and sold to a Vietnamese operator. Nevertheless, Yahoo! decided to close down the service, leaving Vietnamese netizens disarray, disappointed, discontent.

The localized Yahoo! 360plus from Hong Kong was a big flop.

Where have they gone?

  • The majority find social networks sticky. They settled down on Zing Me (now 8 million users) and Facebook (now 2 million). Apparently the numbers include the next generation of users
  • Geeks use self-hosted WordPress
  • Non-geeks who take writing seriously setup WordPress and Blogger accounts
  • Around 2 million on YuMe, a 360 clone

Yahoo! MeMe, a microblogging tool received almost no attention.

yahoo! blog logo

Yahoo! just launched its new blogging platform, Yahoo! Blog. I have the impression it was created with Korea market in mind. The product is neatly done with improved and clean design.

All it receives from Vietnamese netizens are smirks and rejection. Too late for Yahoo!. The users were left with despair and they now turn their back on the company’s attempts. Hope it’ll growth in Korea and Hong Kong.

Again, even if Yahoo! didn’t close down the faulty 360, could it have successfully monetized the community in the first place? My guess is no. Yahoo! never tried doing so.

Microblogging and social bookmarking 2011

By , October 8, 2011 3:43 pm
  • At its peak, Twitter had no more than 3000 users in Vietnam, the majority among whom are geeks. This is a rough estimation from many avid users. The number has dropped drastically since 2008.
  • Most Twitter clones in Vietnam failed. This year, I only see mimo.vn left. It eventually implemented SMS updates that I had hinted back in 2009.
  • 2 years after I deplurked, Plurk has been slowly gaining traction in Philippines and Taiwan. While information on the reasons Weibo dominates China is easy to find, analysis on Plurk is limited I still can’t answer why. A Taiwanese friend of mine, upon receiving my question, replied briefly “Personally I think the mechanism of Plurk is very close to Taiwanese ideology of mumbling”.
  • When Twitter clones don’t work, a new wave of products were hatched: VNG launched Zing Live, a proclaimed Weibo clone by its CEO. VCCorp launched Ming.vn and Pega.vn. Pega, surprisingly, works on “add friend” rather than “follow” mechanism.
  • I would expect more Weibo clones to come.
  • Digg, reddit, Mixx, slashdot, furk are all dropping
  • Meanwhile, StumbleUpon is having a spike in traffic. What has it done right?

stumbleupon traffic

Online Monitoring in Vietnam

By , October 5, 2011 6:27 am

Best Vietnam Finance & Financial Economics blogs

By , September 26, 2011 10:30 am

1. kinhtetaichinh.blogspot.com

This blog covers global and Vietnam news with a financial economics view, with in-depth analysis.

The author, Mr. Giang Le PhD, is working for an investment fund in Brisbane, Australia.

2. nghiatq.wordpress.com

This blog covers economic news and is updated with high frequency.

3. hoquoctuan.wordpress.com and hoquoctuan.blogspot.com

Tuan writes and co-writes for local newspapers. His WordPress is an aggregate of his articles. His Blogspot is more like a reading archive with occasional comments. Commenting on his blog would trigger in-depth responses.

Tuan is doing his PhD in University of Manchester.

4. huetri.com

A more trader-oriented blog that mostly covers the author’s analysis on US market, with occasional view on Vietnam environment.

Tri bases in Oregon and his team in HCMC.

5. pgbankresearch.wordpress.com

A collaborative blog by PG Bank’s Research Group.

Trends & hypes detected from VC investments

By , September 26, 2011 3:40 am

start ups

Source: Business Insider, 15 Startups With $100 Million+ Valuations That Hardly Existed Last Year

eBay.vn offers cross-border shipping service

By , September 22, 2011 6:07 am

I face a few issues ordering items from international online shopping sites:

  • Many sellers on Amazon and other online shopping sites (e.g. underarmour.com) do not ship goods to my location
  • Many sellers require hard-copy credit card scan sent to them
  • Customs and import tax handling
  • International supports are often ambiguous, time-consuming, and sometimes costly
  • PayPal has issues processing my local bank accounts

eBay.vn (a JV by eBay and PeaceSoft) now offers international transaction service, a solution to my issues.

How it works:

  1. You find what you need online. Condition: the site allows payment via credit card and/or PayPal
  2. Click here to place order via eBay.vn
  3. eBay.vn will order the goods and delivers to your door
  4. Fee: as for my item, a fee of $15 applied. Import tax & VAT are applied on top depending on the item

I placed an order with them and paid using NganLuong.vn (PeaceSoft’s payment solution, similar to PayPal). Customer service was responsive and nice.

There’s a promotion running, eBay.vn gives VND200,000 coupons to first-time users. Click here to grab it.

There are other similar (and smaller) services, but I put my trust on a company invested by eBay.

You wanna give it a try.

The slim chance for online professional networking

By , September 19, 2011 6:48 am

Kingbee Media launched motibee.com, an online networking site for professionals. It is hoped that they can build community of professionals then sell online ads.

My prediction is that their online business won’t turn out as good as what they’re expecting today. Simply put, money doesn’t flow to this niché. Senior level knowledge sharing and deal making are not done online.

It’d be better off if the company goes back to where it is strong: generating revenue from building networks offline. The online channel, at best, serves as a public relation and/or community relation. In short, majority of revenue shall be from offline activities and dealings.

If they insist, I hope I will be proven wrong.

As a foot note, CyVee ceases development and Caravat is officially dead. I’m sure Ms. Thanh Nguyen is planning something else for Anphabe.

Baidu enters Vietnam

By , September 17, 2011 3:43 am

CafeF1 reports Baidu has launched 2 sites in Vietnamese language:

The portal vn.hao123.com and Q&A service zhidao.baidu.com.vn

This is part of the localization of Baidu’s existing services to other international markets. Baidu also recruits PM in Vietnam.

I like the portal.

  • It’s neat
  • It lists the sites that I benefit from knowing
  • Lots of white spaces, few images
  • Large and pleasant font (Tahoma?). BTW I hate Times & Arial
  • In terms of information, I prefer it to vn.yahoo.com and alltop.com (sorry Guy)
  • In terms of customization it is nowhere near netvibes.com and iGoogle.com though
  • The concern is if I use VNI Vietnamese typing method, the URL messes up

So in short, nice attempt.

The Q&A service will have to compete with Yahoo! Answers. Also, savy.vn is preparing to launch.

The challenge Baidu has in Vietnam is probably public relations.

Traces of Gerontocracy

By , September 16, 2011 9:05 am

While Android is struggling on tablet screen, Microsoft launches the tablet-friendly Windows 8.

EA returns to the spotlight.

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