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New Mastercard report: E-commerce a COVID-19 lifeline for merchants

April 16, 2021 by www.vir.com.vn

new mastercard report e commerce a covid 19 lifeline for merchants
Roughly 20-30 per cent of the COVID-related shift to digital globally is expected to be permanent, according to a fresh report from Mastercard

Put another way: in 2020, e-commerce made up roughly $1 out of every $5 spent on retail, up from about $1 out of every $7 spent in 2019.

As COVID-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online.

For retailers, restaurants, and other businesses large and small, being able to sell online provided a much-needed lifeline as in-person consumer spending was disrupted.

Roughly 20-30 per cent of the COVID-19-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution.

Roughly 20-30 per cent of the COVID-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution.

The report draws on anonymised and aggregated sales activity in the Mastercard network and proprietary analysis by the Mastercard Economics Institute. The analysis dives into what this means by country and by sector, for goods and services, and within countries and across borders.

“While consumers were stuck at home, their dollars travelled far and wide thanks to e-commerce,” says Bricklin Dwyer, Mastercard chief economist and head of the Mastercard Economics Institute. “This has significant implications, with the countries and companies that have prioritised digital continuing to reap the benefits. Our analysis shows that even the smallest businesses see gains when they shift to digital.”

The fresh report uncovers several key overarching trends as follows:

Early digital adopters go into overdrive: Economies that were more digital before the crisis – such as the UK and US – saw larger gains in the domestic shift to digital that look more permanent than the countries that had a smaller share of e-commerce before the crisis, such as Argentina and Mexico. The Asia-Pacific, North America, and Europe were the strongest regions in driving e-commerce adoption.

Grocery and discount store digital gains look sticky: Essential retail sectors, which had the smallest digital share before the crisis, saw some of the biggest gains as consumers adapted. With new consumer habits forming and given the low pre-COVID-19 user base, Mastercard anticipates 70-80 per cent of the grocery e-commerce surge to stick around for good.

International e-commerce rose 25-30 per cent during the pandemic: International e-commerce got a boost both in sales volume and the number of different countries where shoppers placed orders. With infinitely more choices at their fingertips, consumer spending on international e-commerce grew around 25-30 per cent year over year from March 2020 through February 2021.

Consumers increase their e-commerce footprints, buying from up to 30 per cent more online retailers: Reflecting expanded consumer choice, the report shows that consumers worldwide are making purchases at a greater number of websites and online marketplaces than before. Residents in countries like Italy and Saudi Arabia are buying from 33 per cent more online stores, on average, followed closely by Russia and the UK.

Shift to electronic payments accelerated in the US: Even in store, COVID-19 accelerated the transition to digital – with more consumers moving from plunking down cash to touch-free payments. According to the company’s analysis of payment forms at brick-and-mortar retail stores and restaurants, non-cash payments jumped by an additional 2.5 percentage points beyond the ongoing trend. This led to an acceleration of the shift from cash to electronic payments by a full year.

Mastercard launched Recovery Insights report last year to help businesses and governments better manage the health, safety, and economic risks presented by COVID-19. The initiative draws on Mastercard’s analytics and experimentation platforms, its longstanding consulting practice and unique data-driven insights to deliver relevant and timely tools, innovation and research.

By Mastercard

Filed Under: Corporate Mastercard, e-commerce, COVID-19, report, digitalisation, Highlight, ..., New Zealand Chamber of Commerce, e commerce analysis report, new credit reporting laws 2017, new credit reporting rules, New York Report, New OSHA Reporting Requirements, mcdonogh 19 new orleans, pa new hire reporting form, vietnam e commerce report, Commerce International Merchant Bankers, MasterCard Merchants, tennessee new hire reporting

Covid-19 vaccine provided by COVAX must be injected before mid-May

April 16, 2021 by english.thesaigontimes.vn

Covid-19 vaccine provided by COVAX must be injected before mid-May

The Saigon Times

The first Covid-19 vaccine shipment provided by COVAX Facility arrived in Vietnam early this month. The vaccine must be injected before May 15 – PHOTO: VNA

HCMC – The Covid-19 vaccine shipment that was provided by COVAX Facility and arrived in Vietnam on April 1 will expire two months after it arrived in the country, so the vaccination must be completed before May 15, half a month before the vaccine is out of date.

At an online meeting with localities on the Covid-19 prevention and control on April 16, a representative of the Ministry of Health said Covid-19 vaccines have a shelf life of only six months, the local media reported.

Therefore, the vaccination has been accelerated so as not to waste the vaccine. Specifically, the Ministry of Health ordered the completion of the first phase this month. At present, residents have been injected with more than half of the doses.

The second phase has just kicked off. However, the vaccination remains slow as localities were cautious to ensure the safety of those receiving the vaccine.

According to the Medical Service Administration under the Ministry of Health, Vietnam has reported no cases of blood clots after being injected with the vaccine.

The supply of Covid-19 vaccines is insufficient all over the world, so the transport of vaccines to Vietnam was slower than expected and the volume of doses was smaller as well. As planned, two more batches of the AstraZeneca Covid-19 vaccine will arrive in Vietnam this month and next.

Dang Quang Tan, head of the Vietnam General Department of Preventive Medicine under the Ministry of Health, said the world has an additional 600,000-700,000 new Covid-19 cases and 1,000-2,000 fatalities a day. The pandemic shows signs of emerging complicated again.

Therefore, the country should closely control border gate areas to prevent illegal entry.

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Youth federation members exchange with Vietnamese peacekeepers

April 16, 2021 by en.qdnd.vn

Attending the event hosted by the chapter were Senior Colonel Mac Duc Trong, Deputy Director of the Vietnam Department of Peacekeeping Operations (VNDPKO), Phan Thi Thanh Huong, Secretary of the Vietnam Youth Union’s Ho Chi Minh City chapter, and Senior Colonel Nguyen Van Tuan, Head of the Department of Politics of Military Hospital 175 under the Ministry of National Defense.

During the exchange, the participants recalled stories highlighting the role of Uncle Ho’s soldiers and the contributions of the military medical force of the Vietnam People’s Army to the UN peacekeeping operations. These contributions help realize the Party and State’s foreign policies, and raise the prestige and position of Vietnam in general and of the Vietnam People’s Army in particular in the international arena.

The Vietnamese peacekeepers also recalled their unforgettable memories and impressions when they performed their tasks as ambassadors of peace in people-to-people diplomacy.

An exhibition showcasing Vietnamese peacekeepers’ activities in South Sudan, a presentation of  200 national flags, 200 bandannas, and 200 “I love my Fatherland” badges from the chapter to the Level 2 Field Hospital (L2FH) Rotation 3 also took place on this occasion as part of the exchange.

The chapter and the L2FH Rotation 3 virtually signed a cooperation agreement under which they will periodically organize exchanges and dialogues, host a virtual exchange program themed “Youth and aspirations to rise”, and build a green space at the L2FH Rotation 3 in South Sudan.

They will also coordinate to implement international voluntary projects in South Sudan related to healthcare, social skills, cultural exchanges, online refresher courses on international youth affairs, and launch a painting contest under the theme “Love for peace”.

The exchange aroused municipal youths’ patriotism and pride of Vietnamese troops and military doctors and featured the role of Vietnamese youth in participating in UN peacekeeping operations.

Translated by Mai Huong

Filed Under: Uncategorized vietnamese dong exchange rate, members 1st federal credit union mechanicsburg pa, members 1st federal credit union online banking, members trust federal credit union, member 1st federal credit union, member one federal credit union roanoke va, sikh youth federation, armenian youth federation, vietnamese language exchange, federal insurance exchange, federal health exchange, member exchange

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