How have nano and micro-entrepreneurs transformed during and after the most extensive lockdown in Vietnam?

• by MSC
• Jan 25, 2022
• 1 min

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.

Microenterprises in Vietnam account for more than 98% of the business, 40% of the GDP, and 50% of the total employment. The COVID-19-induced lockdown restrictions prompted many merchants to go digital by selling foods and drinks online through super apps. The “Innovate, Implement, Impact” or i3 Program, supported by the MetLife Foundation, creates opportunities for nano and microenterprises to go digital and “cashless.”
Watch our video for more updates on the i3 program in Vietnam.