How have nano and micro-entrepreneurs transformed during and after the most extensive lockdown in Vietnam?
The COVID-19 pandemic has left many MSMEs struggling with a shortage of working capital. Besides, restricted mobility due to the lockdowns suspended public transport, affecting logistics and input supplies and finished goods. The video reflects how digital channels enabled microenterprises in Vietnam to survive and even thrive during the pandemic.
Growing a microenterprise through social commerce and digital payments
As part of the i3 Program in Vietnam, we met Nguyen Huong, a micro-entrepreneur in Vung Tau. Huong’s story is a perfect example of the journey of women-led MSMEs who utilized social media and digital payments to keep their businesses in operation during COVID-19.
Non-cash payment helps promote financial inclusion in Vietnam
Only 31% of all adults in Vietnam own a bank account, compared to 69% of adults in East Asia and the Pacific. This video reflects how mobile phones, internet users, and digital financial services (DFS) can increase access to basic banking services in Vietnam.