HÀ NỘI — The southern province of Vĩnh Long’s Department of Industry and Trade on Monday officially launched e-commerce platform www.trade.vinhlong.gov.vn.
The e-commerce website features images of the province’s localities, industries and their specialties and updated information of markets and legal documents, serving as a bridge to connect enterprises.
Enterprises seeking trade and business opportunities on the platform will have their own page to introduce themselves, the products and services that they provide and their discount policies offered to consumers.
According to the department, the website was built to support enterprises to access business and investment opportunities, help them save costs and trading time, thereby enabling them to efficiently increase their competitiveness, diversify consumer markets and make full use of the digital economy.
Phạm Tứ Phương, director of the department, said in the time ahead, the department would boost the application of e-commerce, disseminate legal documents related to e-commerce, provide public services online to businesses and focus on improving firms’ awareness of this kind of trading platform. — VNS
How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.
The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.
Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.
In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.
While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.
How the Rural-Urban Divide Plays Out on Digital Platforms
It is one thing for entrepreneurs, whether urban or rural, to create and operate an online store, as some digital platforms have made it relatively easy to manage an e-store – even by using just a smartphone.
Subscribe via Email
Thai Government Orders 20 Million Doses of Pfizer COVID-19 Vaccine
The ministry will have a month to negotiate with Pfizer, while the company must send documents to register the vaccine...
Vaccine shortage could derail Thailand’s economic recovery
As much of the Asia-Pacific region is gearing up for a 2022 reopening and recovery, Thailand is now lagging behind...
Thailand’s Consumer Confidence Hits new Record Low in May
The University of the Thai Chamber of Commerce (UTCC) has reported that Thailand's Consumer Confidence Index (CCI) for May fell...
The future of rail travel in Thailand
Hua Lamphong is, for many people, a beloved representation of rail travel in Thailand. However, there is a significant upgrade...
Thailand Calls for Lifting of Intellectual Property Protection on COVID-19 Vaccines
Thailand will push for COVID-19 vaccines to be removed from intellectual property protection lists, as per the Trade-Related Aspects of...