Do you need sales incentives to inspire or reward your employees?
Do you need sales incentives to inspire or reward your employees?
A gift card from GoGift can do exactly that!
A gift card from GoGift can do exactly that!
GIFT CARDS FOR SALES INCENTIVES
Are you tired of giving the same old-school, impersonal cash rewards to your well-performing employees?
Start giving a more personal gift, such as a gift card from GoGift, that can not only reward but also motivate your employees. Read more about how gift cards can be the perfect addition to your sales incentives programs below.
GIFT CARDS FOR SALES INCENTIVES
Are you tired of giving the same old-school, impersonal cash rewards to your well-performing employees?
Start giving a more personal gift, such as a gift card from GoGift, that can not only reward but also motivate your employees. Read more about how gift cards can be the perfect addition to your sales incentives programs below.
What is a sales incentive?
An incentive is, in other words, a reward. It can motivate and encourage your employees to perform better, feel good about themselves, and it can, in general, lead to better well-being of your employees.
BENEFITS OF USING SALES INCENTIVES
Create motivation and better employee satisfaction
Sales incentives are often used to motivate employees in the sales team or to acquire better customer loyalty. The idea of a sales incentives program is to reward great performances individually or team-wise. When people are rewarded for an excellent effort, they feel motivated to keep on working to achieve their goals. Also, sales incentives make the employees feel appreciated.
What is a sales incentive?
An incentive is, in other words, a reward. It can motivate and encourage your employees to perform better, feel good about themselves, and it can, in general, lead to better well-being of your employees.
BENEFITS OF USING SALES INCENTIVES
Create motivation and better employee satisfaction
Sales incentives are often used to motivate employees in the sales team or to acquire better customer loyalty. The idea of a sales incentives program is to reward great performances individually or team-wise. When people are rewarded for an excellent effort, they feel motivated to keep on working to achieve their goals. Also, sales incentives make the employees feel appreciated.
GIFT CARDS AS SALES INCENTIVES
A sales incentive for all
A sales incentive is not just cold cash rewards; it can also be an object, an item of value, an event, or a desired action. Whatever your colleagues are inspired by, you can find it at GoGift: We have experienced that a gift card is a perfect choice for sales incentives due to the large selection of different things that our gift card gives access to.
With our Global Gift Card, your employee or customer has a free choice to choose if the gift card should go to a dinner with family or friends, new clothing, a new exciting experience, or something completely different. The selection is big, and we guarantee that there is something for all of your workers.
GIFT CARDS AS SALES INCENTIVES
A sales incentive for all
A sales incentive is not just cold cash rewards; it can also be an object, an item of value, an event, or a desired action. Whatever your colleagues are inspired by, you can find it at GoGift: We have experienced that a gift card is a perfect choice for sales incentives due to the large selection of different things that our gift card gives access to.
With our Global Gift Card, your employee or customer has a free choice to choose if the gift card should go to a dinner with family or friends, new clothing, a new exciting experience, or something completely different. The selection is big, and we guarantee that there is something for all of your workers.
Why use Gift Cards for sales incentive?
There are a lot of good reasons for using gift cards as sales incentives. And because of the flexibility of The Global Gift Card from GoGift, you can use it for all kinds of sales incentives. Give it to your sales team members for good performances or send your regards to a new business partner.
No matter what reason you have to use a sales incentive or make a sales incentives program, it is a win-win situation: Your employees win because they are rewarded for their hard work, and your company wins because it is more likely to achieve the company goals.
You can read more about how you can use a gift card for sales incentives below.
Employee Awards
Have your sales team performed above average? A great way to reward and motivate your employees, even more is by giving them a gift card to spend on whatever they want, however, and whenever they like.
Consumer Promotion
A great way to create better customer loyalty is by giving gift cards that your clients can use how they want. You can also raise customer satisfaction with a gift card from GoGift. If you have international business partners, remember our Global Gift Card is cross-borders and cross-currencies - read more about this further down the page.
Festive Gifting
Congratulate your employees on a good, profitable year on New Year’s Eve, or celebrate the festive days with a gift card from GoGift. It is the perfect way to send your coworkers home with motivation and happiness running through their veins.
Retention Programs
A gift card now and then can help you maintain your most valuable assets: Your employees. Employee satisfaction costs time and money, and an easy way to raise the satisfaction of your employees is to give a gift card for them to spend how they want.
Sales incentives increase the overall perfromance!
Studies show that sales incentive programs aimed at individual workers increase performance by 22 per cent, and programs aimed at teams increase performance by a staggering 44 per cent. No matter how you choose to reward your employees, you are most likely to gain from it. Start by giving gift cards from GoGift that can be used by everyone on a lot of different things.
YOUR ONE-STOP SOLUTION
The Global Gift Card from GoGift!
Are you looking to boost sales, motivate employees or gain a higher customer value? Then the Global Gift Card is the solution for you. Our Global Gift Card is the absolute, most popular gift card for businesses as it can be used for motivation and rewards. And what better way to reward your employees than a gift they will appreciate and love?
With the Global Gift Card, you can freely choose the card’s value, and the receiver has a free choice of where the card should be used and on what.
A gift that can travel across borders!
With The Global Gift Card, you can send thoughts, presents and motivation across borders and get the card’s value transferred to another currency. That means; if you have bought a card in one country, it can be transferred to another country and another valuta. You can buy as many gift cards as you want, customise and personalise them, and we are responsible for the delivery to all the countries where you have employees. It has never been easier to create a sales incentives program for your entire international business.
BENEFITS OF USING SALES INCENTIVES
A gift card that gives access to different things
When your employees receive the Global Gift Card, they are free to choose between all the different stores, webshops and experiences that can be found at GoGift. That way, you are sure to give a gift that your employees can find a use for.
The gift card has a long expiration date, so the receiver can take their time selecting from the wide variety of shops and experiences that can be found at GoGift.
Why use Gift Cards for sales incentive?
There are a lot of good reasons for using gift cards as sales incentives. And because of the flexibility of The Global Gift Card from GoGift, you can use it for all kinds of sales incentives. Give it to your sales team members for good performances or send your regards to a new business partner.
No matter what reason you have to use a sales incentive or make a sales incentives program, it is a win-win situation: Your employees win because they are rewarded for their hard work, and your company wins because it is more likely to achieve the company goals.
You can read more about how you can use a gift card for sales incentives below.
Employee Awards
Have your sales team performed above average? A great way to reward and motivate your employees, even more is by giving them a gift card to spend on whatever they want, however, and whenever they like.
Consumer Promotion
A great way to create better customer loyalty is by giving gift cards that your clients can use how they want. You can also raise customer satisfaction with a gift card from GoGift. If you have international business partners, remember our Global Gift Card is cross-borders and cross-currencies - read more about this further down the page.
Festive Gifting
Congratulate your employees on a good, profitable year on New Year’s Eve, or celebrate the festive days with a gift card from GoGift. It is the perfect way to send your coworkers home with motivation and happiness running through their veins.
Retention Programs
A gift card now and then can help you maintain your most valuable assets: Your employees. Employee satisfaction costs time and money, and an easy way to raise the satisfaction of your employees is to give a gift card for them to spend how they want.
Sales incentives increase the overall perfromance!
Studies show that sales incentive programs aimed at individual workers increase performance by 22 per cent, and programs aimed at teams increase performance by a staggering 44 per cent. No matter how you choose to reward your employees, you are most likely to gain from it. Start by giving gift cards from GoGift that can be used by everyone on a lot of different things.
YOUR ONE-STOP SOLUTION
The Global Gift Card from GoGift!
Are you looking to boost sales, motivate employees or gain a higher customer value? Then the Global Gift Card is the solution for you. Our Global Gift Card is the absolute, most popular gift card for businesses as it can be used for motivation and rewards. And what better way to reward your employees than a gift they will appreciate and love?
With the Global Gift Card, you can freely choose the card’s value, and the receiver has a free choice of where the card should be used and on what.
A gift that can travel across borders!
With The Global Gift Card, you can send thoughts, presents and motivation across borders and get the card’s value transferred to another currency. That means; if you have bought a card in one country, it can be transferred to another country and another valuta. You can buy as many gift cards as you want, customise and personalise them, and we are responsible for the delivery to all the countries where you have employees. It has never been easier to create a sales incentives program for your entire international business.
BENEFITS OF USING SALES INCENTIVES
A gift card that gives access to different things
When your employees receive the Global Gift Card, they are free to choose between all the different stores, webshops and experiences that can be found at GoGift. That way, you are sure to give a gift that your employees can find a use for.
The gift card has a long expiration date, so the receiver can take their time selecting from the wide variety of shops and experiences that can be found at GoGift.
🎁 Corporate gifting? Make it easy with The Global Gift Card
Vietnam gift card market size
In value terms, the gift card market in Vietnam has recorded a CAGR of 17.8% during 2020-2024. The gift card industry in Vietnam will continue to grow over the forecast period and is expected to record a CAGR of 13.2% during 2025-2029. The gift card market in the country will increase from US$ 762.3 million in 2024 to reach US$ 1.43 billion by 2029.
Vietnam’s growth in recent years means that the country has turned into one of the fastest-growing economies of the 21st century. A diversified trade structure, rising wages and domestic consumption are pushing the development of a sizeable middle class that retailers are increasingly trying to grasp and retain through a variety of programmes, including ones promoting loyalty and incentives using gift cards and vouchers.
The growth of the retail sector in Vietnam, both online and offline, is likely to further contribute to the expansion of the gift card market. In addition to retailers offering gift cards as a strategy to boost sales, corporate gifting programs are likely to see an uptick. As businesses grow and corporate cultures evolve, gift cards are a popular choice for corporate gifts due to their flexibility and possible customizability.
Viet Nam gifting traditions
Cultural Pillars: Family and community are paramount, and traditional etiquette emphasizes deep respect for the elderly
Expressing Gratitude: Gifts are presented to hosts during social gatherings as a farewell gesture to express appreciation
Modesty: Gifts are initially refused. This humility is based on the culture’s emphasis on balanced exchanges, meaning that one should not take without reciprocating (Của biếu là của lo, của cho là của nợ)
Tradition vs Modernity: Traditional gifts are given during birthdays and Tết, while the younger generation also give gifts to mark Christmas and other western celebrations such as Valentine’s Day
Corporate Culture: In Vietnam, gift-giving signifies goodwill and appreciation, playing an important role in building trust and maintaining 'face' in professional relationships. Practicality is important, and gifts are often presented at the end of a business meeting as a gesture of gratitude.
Respect for Hierarchy: Senior partners should receive more thoughtful and special gifts, acknowledging the hierarchical structure and reinforcing the cultural values of humility and respect.
Gift card regulations in Viet Nam
Here are some general points about gift card regulations in Vietnam as of November 2023:
Most gift cards are valid for a minimum of 30 days and a maximum of one year, although specific types of gift cards may have different expiration periods. The expiry date must always be clearly indicated.
In recent years, the Vietnamese government has strengthened its measures against corruption. All public officials must report gifts given to them shall those exceed the equivalent of VND 500,000.
It's important to note that regulations may change, so always check the latest guidelines with Viet Nam's government or appropriate regulatory bodies. Moreover, the specifics and prerequisites might differ based on the gift card type, its provider, and other considerations.
If you're considering buying or utilizing gift cards in Viet Nam, ensure you read the issuer's terms and conditions and consult with legal experts if necessary
Popular gift cards in Viet Nam
Tiki: A popular e-commerce platform offering a wide range of products, making its gift card attractive for versatile gifting in a culture that values convenience and online shopping
QSR Vietnam: Quick Service Restaurants (QSR) are a significant part of Viet dining culture, and a QSR gift card would appeal to those who enjoy fast and delicious local food options
CGV VN: As a leading cinema chain attracting movie enthusiasts, this gift card aligns with the cultural preference for entertainment and social experiences
Shopee: Shopee enjoys a widespread popularity in the Vietnamese online marketplace, offering a diverse selection of products and catering to the country’s growing e-commerce trend
Vietnam Trip Online: A popular choice for those who value travel experiences within Vietnam, catering to the country’s growing tourism sector
beFood/beDelivery/beTransport: Gift cards from these brands provide options for food, delivery services, and transportation, catering to the practical needs and preferences of a convenience-oriented culture
Ví MoMo: MoMo’s digital wallet gift card prides itself on its versatility, offering a convenient way to make digital payments and aligning with the increasing preference for cashless transactions
GrabFood: Given GrabFood’s popularity in Vietnam for food delivery services, a GrabFood gift card is valued by those who cherish the convenience of having diverse dining options delivered to their doorstep
Benefits of B2B gifting in Viet Nam
Build Relationships: B2B gifting in Vietnam is a valuable way to nurture relationships, reflecting the cultural importance of connection. Thoughtful gifts that respect local traditions help businesses express appreciation and enhance their corporate image.
Competitive Edge: In Vietnam's competitive market, where multinationals and state-owned enterprises vie for dominance, strategic B2B gifting offers a crucial edge. It demonstrates cultural understanding and a commitment to long-term partnerships.
Embrace Innovation: As Vietnam's corporate landscape evolves with digitalization, B2B gifting is increasingly incorporating digital gift cards. For example, platforms like MoMo and GrabFood offer both convenience and alignment with current trends and consumer preferences.
The Global Gift Card
Want to grow meaningful connections in Vietnam’s hierarchy-aware and relationship-focused corporate scene? A gift during gift-giving holidays or around a successful cooperation shows appreciation and professionalism. With GoGift, your gesture will honor tradition while driving business forward.