Vietnam may be deeply trapped in the processing and assembly trap, which may put the country in a disadvantageous position in the global supply chain due to its limited technology and labor quality.
The Covid-19 pandemic has helped propel the omnichannel commerce industry which focuses on providing a seamless experience for customers, whether they're shopping online from a mobile device, computer or at a traditional store.
Changes in consumer behavior and shopping needs as well as the trend of personalizing the buying experience promise to push the Vietnamese e-commerce market to a new height.
It is expected that Vietnam’s stock market is likely to experience good growth in 2022, especially when there are more economic recovery support packages.
A major change that may occur in Vietnam’s economy after the pandemic is under control is the emergence of an ecosystem that combines different industries, thereby creating new, game-changing companies.
The percentage of internet users who make online shopping in Vietnam is 71%, which is higher than the Philippines (68%). Of the 8 million new entrants to the digital economy, nearly 100% said they would continue to shop online in the future.
Vietnam’s economy is suffering from seriously negative consequences after a long time of applying extreme social distancing and other anti-epidemic measures.
With abundant and diverse renewable energy sources, Vietnam has great potential for the development of energy production including hydroelectricity, wind power, solar power, biomass, geothermal, and biofuel.