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Vietnam: Lack of Credit Cards Not Stopping Pursuit of E-commerce

When it comes to e-commerce, Vietnam is somewhat perplexing to observers. Many Vietnamese love to buy things from the internet, and yet the country seems to lack a key ingredient for online shopping: credit cards. Concerns about security and transaction fees deter both buyers and sellers. Among Vietnamese who go online, 61 percent prefer to pay with cash, according to market researcher Nielsen. This number rises when taking into account the two-thirds of Vietnamese who don’t use the...

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