The State Bank of Vietnam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.
Vietnam’s B2C e-commerce revenue rose by 25 percent to 10.08 billion USD in 2019, according to the e-Commerce White Book 2020 released by the Ministry of Industry and Trade (MoIT)’s e-Commerce and Digital Economy Agency (iDEA).
In a recent Kantar’s report (entrusted by Visa), up to 62 percent of Vietnamese consumers confirmed that the number of their transactions on online shopping platforms has seen a remarkable surge.
Digitalisation can be described as the process of using IT to improve business models and increase capacity while creating new projects, and during the COVID-19 pandemic this process has been heightened even further. Analysts, however, have said that readiness among enterprises to embrace digitalisation remains quite low.
As ASEAN Chair 2020, Vietnam lauded Canada’s support to the Association of Southeast Asian Nations (ASEAN) in the fight against COVID-19 at the virtual 17th ASEAN-Canada Dialogue on August 11.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has issued a range of credit solutions to remove difficulties and support enterprises affected by the COVID-19 pandemic.
The International Finance Corporation (IFC) – a member of the World Bank Group – has signed an agreement to provide another 40 million USD for the Orient Commercial Bank (OCB) to help it with the support of COVID-hit clients, especially small and medium enterprises (SMEs).
The Asian Development Bank (ADB) announced on August 4 that it will provide a loan worth 1.5 billion USD to support Thailand’s response to the COVID-19 pandemic.
The HCM City Development Joint Stock Commercial Bank (HD Bank) reported impressive results on August 3 for the first half of 2020, with pre-tax profit growing 31.5 percent year-on-year to over 2.9 trillion VND (124.3 million USD).
Hanoi should focus on improving its infrastructure system while hastening administrative reforms to attract investors eyeing Vietnam amid the global production shift, experts have said.
Challenges will overwhelm opportunities for Vietnamese part suppliers if they are unable to find ways to upgrade technology and meet international production standards, business executives said on July 24.
The Ministry of Planning and Investment together with the US Agency for International Development (USAID) co-organised a conference in Hanoi on July 24 to assist enterprises in developing sustainable supply chains for better growth of the business community and the economy.
The Vietnam Business Summit 2020, themed “Digitalised Vietnam: Adaptability Towards Sustainable Development”, is to take place on November 12, a press conference in Hanoi on July 22 heard.
The Asian Infrastructure Investment Bank (AIIB) said on July 17 that its board of directors had approved a 100-million-USD loan to the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to help sustain business activities disrupted by the COVID-19 pandemic.
Vietnam is a highly potential market for small- and medium-sized enterprises (SMEs) of Germany, President of the German Association for Small- and Medium-sized Businesses (BVMW) Mario Ohoven said at a workshop in Berlin on July 16.
Vietnam would have difficulty achieving the goal of having 5,000 science and technology enterprises this year under the 2011-20 science and technology development strategy.
An online inter-sectoral discussion on building a comprehensive recovery framework for ASEAN was held on July 14 under the chair of Deputy Foreign Minister Nguyen Quoc Dung, head of the SOM ASEAN Vietnam.
Vietnam is in the best period to trigger the boom of artificial intelligence (AI) and cloud computing as the country now owns all the basic elements for it to happen, VNG-Cloud Director-General Vu Minh Tri told a webinar in Hanoi on July 9.
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