Visa expands Practical Business Skills

With more than 50 online learning modules, the Visa Practical Business Skills platform addresses the needs at various stages of the business lifecycles

The resources are available in English for small- and medium-sized businesses (SMBs) in Vietnam to increase global accessibility.

“SMBs are the backbone of our economy. It is crucial to empower SMB-owners with knowledge, skills, and access to services that support them in rebuilding – or starting – stronger, digitally-enabled businesses,” said Dang Tuyet Dung, Visa country manager for Vietnam and Laos. “Practical Business Skills is part of Visa’s commitment to provide resources and knowledge to help drive inclusive, sustainable, and equitable economic growth for entrepreneurs, businesses, and communities here in Vietnam and around the world.”

SMBs account for more than 90 per cent of global businesses and are the source of 50- 60 per cent of global employment. With the one-year mark of the COVID-19 pandemic approaching, the SMB community needs support to continue adapting, as their contribution to their communities and the global economy cannot be overstated.

A recent survey showed some interesting trends in Vietnamese consumers’ online behaviour following COVID-19. 63 per cent of consumers continue to order food online, 67 per cent continue online shopping, while 44 per cent said they will not revert to shopping in physical stores once they buy products online.

Businesses that can adapt to changes and seize the opportunity are the ones that will thrive in this new environment.

Practical Business Skills is built on Visa’s global expertise in financial education and offers growth-minded entrepreneur tools to help start, manage, and expand a business. With more than 50 online learning modules, the platform addresses the needs at various stages of the business lifecycles.

Visa is committed to providing resources that enable SMBs to grow and bounce back from COVID-19. As a company that enables digital payments at nearly 70 million merchant locations around the world, the company’s priority is to help SMBs thrive at every step.