The Covid-19 pandemic came as a great shock to most economies, including Vietnam. Still, Vietnam’s resilience proves this is also an opportunity for the country to give the private sector and the domestic market more attention. The public debt-to-GDP ratio is expected to be 46.1% in 2021, on the basis of GDP revaluation, so it is quite possible to improve this ratio, especially in the context of real interest rates around 0% in developed economies, plus a high savings rate at home. However, policies such as increasing public debt and curbing inflation need to be carefully studied with data of Vietnam concerning the following two issues. … [Read more...] about Demand stimulus: where to begin?
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Vietnamese year-end shoppers have mostly snatch discounted items such as clothing, shoes, bags, households appliances, kitchen items. Types of sales promotions in retailers which have been offering discount their goods or services by 50 percent, 80 percent and additional 10 percent in the bill. … [Read more...] about Vietnamese consumers start hunting discounted goods during Black Friday Deals
“The Where You Shop Matters initiative is part of Visa’s broader vision of supporting SMEs. It follows Visa’s pledge to support 10 million small- and micro-sized businesses across Asia-Pacific,” Dung noted. “Here in Vietnam, the campaign will connect shoppers with merchants across the country, enabling SMEs to access new customers quickly, capitalise on the trajectory in favour of e-commerce, and maximise their revenue streams in this difficult period.” … [Read more...] about Shopping habit focus for new Visa initiative