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Cash payments for food remain high in Vietnam’s two largest cities
The Saigon Times Daily
Friday,  Feb 28, 2020,10:32 (GMT+7)

Cash payments for food remain high in Vietnam’s two largest cities

The Saigon Times Daily

A person holds a stack of Vietnamese banknotes. The country’s two largest cities, HCMC and Hanoi, are still seeing a large number of customers using cash for food payments - PHOTO: THANH HOA

HCMC - The country’s two largest cities, HCMC and Hanoi, are still seeing a large number of customers using cash for food payments, with over 80% of customers making cash payments at restaurants and for takeaway food.

Cash remained the most common method of payment for online shopping on smartphones, making up 66% in HCMC and 70% in Hanoi City, Tuoi Tre newspaper reported, citing a survey on the demand for food in Vietnam.

Some 48% of total online food orders were paid in cash in HCMC, while the figure was 52% in Hanoi.

According to the survey conducted by Indonesia’s Gojek, the parent company of ride-hailing firm GoViet, in collaboration with market research consultant Kantar Worldpanel, HCMC residents spent the most on online food orders, while they spent the least on takeaway food.

In Hanoi, the expenditure for the purchase of food through smartphones accounted for the largest proportion, while they spent the least on takeaway food.

The Hanoians’ average spending on meals at restaurants, takeaway food or food purchases on smartphones was 5-10 percentage points higher than that in HCMC.

Phung Tuan Duc, GoViet director, stated that the results of the survey of 4,000 respondents aged 15-40 had given the firm insights into current payment methods, residents’ eating habits and the demand for online food purchases in Vietnam.

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