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Development plan for Vietnam's e-commerce in 2021-2025 period

Development plan for Vietnam's e-commerce in 2021-2025 period

The national plan on e-commerce development in the 2021-2025 period is integrated with current Vietnamese strategies and policies on participating in the Fourth Industrial Revolution toward developing a digital economy and promoting national digital transformation.

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Pandemic relentless in damaging economy

(SGI) - The current ongoing Covid-19 pandemic has been relentless in damaging the whole economy, which is getting weaker and weaker as social distancing regulations continue to be implemented for longer and longer periods, and across almost all provinces and cities of the country. 
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E-commerce sees strong growth during pandemic

(SGI) - The Covid-19 pandemic has shaken the core of many businesses and industries that are now facing innumerable difficulties and challenges, with many struggling to stay afloat even as the pandemic continues unabated. 
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Bilateral trade grows fast after EVFTA coming into force

The EU-Vietnam Free Trade Agreement, or EVFTA, entered into force on August 1 last year and has created the conditions needed to boost bilateral trade between Vietnam and the EU. According to the General Statistics Office, total import-export turnover between the two sides in the first seven months of 2021 topped 32.2 billion USD, an increase of 4.4 billion USD compared to the same period of 2020.

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IFC, McCormick & Company, and Citi Establish Sustainability-Linked Financing Partnership

(SFI) - IFC today announced a partnership with McCormick & Company, a global leader in flavor, and Citi, to provide suppliers of McCormick’s herbs and spices with financial incentives linked to improvements in measures of social and environmental sustainability. The program has started with suppliers in Indonesia and Vietnam, and will soon be launched in other countries.
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Pandemic making consumers adapt better

(SGI) - The current fourth wave of the Covid-19 pandemic is hurting businesses severely and seriously. On the other hand, it is also making businesses more alert and aware of the need to find long-term solutions to survive and continue to flourish even as the pandemic rages on. 
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Businesses and localities need better coordination

(SGI) - The Covid-19 pandemic is now continuing relentlessly for a second year, with the fourth wave causing immense stress and strain to the entire population as well as the government apparatus at all levels. 
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Worrisome issues camouflaged by optimism

(ĐTTCO) - Statements in a recently published socio-economic report for the first six months of 2021 pointed to many optimistic macro-economic indexes. The GDP was said to recover positively, import and exports showed growth, the budget revenue exceeded estimates, Foreign Direct Investment (FDI) began pouring in again, and the number of new businesses saw a positive increase. 
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Support for businesses vital for economic recovery

(SGI) - During the current ongoing Covid-19 pandemic, it is of utmost importance that government authorities introduce policies that provide maximum support to keep businesses afloat, and sustain the economy as well. 
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Domestic resources strained under pandemic

(SGI) - Measures taken for tax extension and credit support for businesses in difficulties are valid under the current circumstances. However, when domestic resources are limited and under strain, then resources from world financial institutions should be approached.