With salaries falling and job prospects becoming uncertain amid the Covid-19 pandemic, young Vietnamese are looking to e-commerce for sustainable incomes.
With plenty of local consumers often cursed by scams or shoddy goods ordered through cross-border online shopping sites, it is hoped that stringent research into a decree amendment from the Ministry of Industry and Trade (MoIT) will help to protect them.
At the Sustainable Development Symposium 2020 held on November 9 in Bangkok, Thailand themed “Circular Economy: Actions for Sustainable Future”, SCG brought along 180 partners from across the public and private sectors to discuss emerging global issues. Due to social distancing, the event was hosted online, however, it still generated a great deal of attention as well as paved the way to future collaboration to promote the circular economy worldwide.
As brick and mortar shopping falls in popularity during the pandemic, online shopping platforms took have increased presence among Vietnamese consumers. While many of them end up burning cash to acquire customers, mergers and acquisitions may occur increasingly often from now on.
Bangkok-listed 7-Eleven franchise operator CP All Plc has shelved plans to launch the convenience store chain in Cambodia and Laos, Thailand’s The Nation reported on November 20.
Even as the physical store-chain business model has been steadily going out of date with the rise of online shopping platforms, Japanese-looking MINISO is still targeting expansion by using capital mobilised from the US stock market.
Businesses are increasing production to ensure sufficient supply of goods for Tet early next year and steady prices during the year's biggest shopping season.
An online database portal will accelerate the process of implementing sustainability targets of ASEAN countries, as well as contribute to improving their performance, according to the bloc’s leaders.
VietNam Economic News
The on-going Vietnam Solar E-Expo 2020, an online solar exhibition lasting until November 11, is drawing numerous industry players.
VietNam Economic News
As the beginning of a series of online events centering around the ASEAN region, APAC Solar Energy Digital Event 2020 ASEAN Chapter was held successfully from September 17-18. This was the only online virtual event focusing on burgeoning solar development in the Asia Pacific at that time.