Electricity of Vietnam (EVN) has sent a document to the Office of the Government and the Ministry of Planning and Investment (MPI) proposing the integration and sharing of information on business registration certificates through the National Public Service Portal. This will further simplify procedures for businesses using electronic services and contribute to further improve Vietnam’s business environment.

The Ministry of Finance (MoF) has said that collecting information on businesses using trading apps on mobile phones to support investment in financial products is quite difficult. Investors need to carefully research information about mobilizing organizations and ask partners to provide legal documents before making an investment, such as establishment and operational licenses, business lines, and so on. MoF suggested that investors research information on securities companies, fund management companies, and securities investment funds on the website of the State Securities Commission (SSC).

Figures from the Ministry of Information and Communications (MoIC) show that, in September, Vietnam saw a total of 265 million new downloads of mobile apps, ranking it tenth-highest in the world after India, the US, Brazil, China, Indonesia, Russia, Mexico, Pakistan, and Turkey. The number of new downloads in Vietnam is mainly video games, such as entertainment, action, intelligence, puzzles, adventure, and so on.

According to the GSMA’s Digital Society Index released in August, Vietnam ranks seventh among countries in the Asia-Pacific region in terms of digital society, after Australia, South Korea, Singapore, Japan, Thailand, and Malaysia. It also ranked fifth in terms of digital commerce pillars and seventh in terms of digital lifestyles. The Ministry of Information and Communications has said that the total number of users on Vietnamese digital platforms reached over 494 million in August, an increase of 23.56 per cent year-on-year.

The Ministry of Information and Communications (MoIC) has licensed four mobile virtual network operators (MVNO) in Vietnam, with the number of subscribers accounting for about 1.2 per cent of the telecommunications market. The MVNO market in the country is forecast to account for 10-15 per cent of the telecommunications market, or 15-20 million subscribers.