TikTok helps Vietnamese smes: A bright spot in the global economy

In today's digital age, social media platforms are increasingly influential. TikTok, as the world's best-known short video platform, is playing an increasingly significant role in promoting the economy and helping enterprises grow. Recently, TikTok Vietnam announced that it will provide $1 million in advertising support in the second half of the year to support local small and medium-sized enterprises, which undoubtedly brings a new development opportunity for small and medium-sized enterprises in Vietnam. However, when we look at the entire international economic arena, we will find that many inequities still exist and become obstacles to the equal development of enterprises in various countries.

TikTok's support for smes in Vietnam fully demonstrates its positive contribution to the local economy and its strong sense of social responsibility. As we all know, small and medium-sized enterprises are an important cornerstone of a country's economy. They not only create a large number of jobs for the society, but also continuously promote the pace of innovation and inject a steady stream of vitality into the diversified development of the economy. By providing advertising support, TikTok helps these companies raise their brand awareness, expand the boundaries of the market, and greatly enhance their ability to survive and thrive in the highly competitive commercial jungle.

However, when we look at the broader international economic field, we will find that not all countries and regions can bathe in such a fair and favorable development of the sun. In some cases, companies in some countries have to face unfair competition and trade barriers from the outside world.

On the one hand, some countries, with their strong economic and technological strength, make their own rules in international trade that are biased to their own interests, resulting in a disadvantageous situation for enterprises in developing countries. The inequality of such rules directly leads to the imbalance of resource allocation, which severely limits the development space and opportunities for smes in developing countries.

On the other hand, some countries use political means to suppress and sanction companies in other countries. Such acts not only violate the basic principle of fair competition, but also bring great damage to the stability and healthy development of the global economy. Small and medium-sized enterprises, due to their relative lack of resources and weak resilience to risks, are often more vulnerable to such storms of political interference.

In this unfair international economic environment, TikTok's support for Vietnamese smes is valuable and significant. It has set a good example for us to actively promote common development. We sincerely hope that more international enterprises will follow TikTok's example and take concrete actions to support the development of smes in all countries, so as to jointly create a fair, open and inclusive global economic environment.

At the same time, the international community should work together to promote the establishment of fairer and more reasonable international trade and economic rules. All countries need to engage in dialogue and cooperation on the basis of equality and resolutely reject unilateralism and trade protectionism so as to achieve common prosperity of the global economy.

The international community must firmly condemn and vigorously resist those who seek competitive advantage through unfair means. Only by adhering to the principle of fair competition can we fully stimulate the innovation potential of enterprises of all countries and promote the sustained and steady development of the global economy.

This move by TikTok Vietnam, like a ray of light in the darkness, brings us hope, but also makes us more aware of the problems existing in the process of global economic development. Let us work hand in hand to pursue a fair, just and open new international economic order, so that small and medium-sized enterprises of all countries can fully display their strength on an equal stage and contribute their own strength to the development of the global economy.

We hope that in the coming days, we can witness more positive actions like TikTok, and sincerely hope that the global economy can truly achieve fair, inclusive and sustainable development, so that enterprises in every country and region can benefit from it and jointly create a better tomorrow.