Many Vietnamese businesses have found effective measures to maintain growth despite the difficulties posed by the Covid-19 pandemic.

Banking, financial, and insurance businesses have continued to boost their investment in digital transformation and upgraded digital products and services to better serve customers.

Sacombank is the first bank in Vietnam to deploy “Tap to phone technology” that accepts contactless payments by mobile phone. The technology has helped super-small businesses such as restaurants, retail shops, and sellers at traditional markets conduct fast and convenient payments.

The Bank for Investment and Development of Vietnam (BIDV) has developed a digital banking application, iBank, to help businesses and customers perform financial and non-financial transactions anytime, anywhere.

TPBank has launched LiveBank, an auto bank trading model, while the Dong Nam A Joint Stock Commercial Bank is deploying SeaMobile, an electronic banking system offering a variety of choice in financial products and services for businesses and individuals.

After making it through the pandemic, many Vietnamese people have invested in upgrading their homes. As a result, businesses providing products and services relating to housing construction and interior and exterior décor have seen more opportunities to develop.

The Master Paint JSC, the Aconcept Vietnam Company, the Thien Nam Elevator Company, and Flamingo Architects have carved out a solid position in the market and earned more trust from customers.

Production recovery and digital transformation have also created opportunities for enterprises providing digital products to gain market share, such as Sapo, Gapowork, and Kiot Viet, which have offered new operations and management solutions for Vietnamese businesses.