Lessons for Resilience
Consider expanding digital and e-commerce services especially in developing economies
Topic:
Economic
Keywords:
Business regeneration and rejuvenation
Content:
In Vietnam, the World Bank has stated that the economy has remained resilient.
Government measures to support economic recovery:
- A US$10.8 billion credit support package
- Lowered interest rates
- Delayed payment of taxes and land use fees for several business lines
- Banks cut online transaction fees to encourage cashless payment
Industry measures to support economic recovery:
- Retailers encouraged orders by phone and apps which allowed retailers to hire more delivery personnel to meet demand
- E-learning facilitated demand for hardware such as laptops and tablets and software services such as Zoom
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