About 600 small and medium-sized enterprises (SMEs) in Vietnam will get support in applying technology solutions to improve labour productivity and their competitiveness as part of a project launched on July 22 by the World Bank (WB).

Enterprises in Hanoi have been receiving support to overcome difficulties caused by the COVID-19 pandemic.

The International Finance Corporation (IFC), a member of the World Bank Group, is providing a US$40 million loan to help small and medium enterprises (SMEs) in Vietnam make a resilient recovery after the COVID-19 pandemic through the Southeast Asia Commercial Joint Stock Bank (SeABank).

Vietnam’s capital city of Hanoi will strive to take the lead in e-commerce nationwide, considering it an important task in economic growth this year, Acting Director of the municipal Department of Industry and Trade Tran Thi Phuong Lan has said.

Ho Chi Minh City leads Vietnam in digital transformation, but its small, medium and micro enterprises, which account for a majority of businesses, face challenges in achieving it.

VOV.VN - Despite undergoing a number of administrative procedures to ensure that investment conditions become more transparent, Vietnam is facing several significant challenges regarding business climate improvements in the future, according to insiders.

The COVID-19 pandemic has sped up the process of digital transformation in businesses, experts said, and has urged companies to consider their own resources and conditions to ensure and increase efficiency.

Alibaba.com, the global business-to-business (B2B) e-commerce platform of Alibaba Group has organised an online summit to offer Vietnam 'The New Boom' products and services to accelerate Vietnamese SMEs in digitalisation.

Support is to be provided to small and medium–sized enterprises (SMEs), enabling them to use intellectual property (IP) rights to build stronger, more competitive and resilient businesses, said Dinh Huu Phi, Director of the Intellectual Property Office of Vietnam.

VOV.VN - Efforts aiming to improve the local business climate have continued despite the impact of the novel coronavirus (COVID-19) slowing progress in comparison to previous years across different fields, according to the latest report by the Vietnam Chamber of Commerce and Industry (VCCI).