CIB Corporation suggests to establish anti-panic commodities trading floor during the COVID-19 pandemic

HO CHI MINH CITY,Vietnam,March 17,2020 -- The outbreak of COVID-19 has impacted more than117 countries over the world. On 12th March,WHO has declared COVID-19 as the world pandemic,CEO and Founder of CIB Corporation wants to raise an idea of setting up anti-panic commodities trading floor (E-commerce). Mr. Ma Thanh Danh (Albert Ma) said that,"During the pandemic,people in many parts of the world will rush to buy necessity goods,such as bactericidal water andtoilet paper,andessential food like rice,water,instant noodles andoil. There will be high demand of necessitiesmore than the real requirement,causingvirtual supply and demand." This consequence will impact the whole economy in even short or long term.

CEO and Founder of CIB Corporation

CIB Corporation suggests to establish anti-panic commodity trading floor which this e-commerce will help all the stakeholders such as local authorities,manufacturing companies,logistic companies,consumersto survive andsuffer less from the virtual demand and supply. This anti-panic trading floor will be managed by the government. If there is any demand of necessities,consumers can pre-order online with limited quantity. Those orders will be guaranteed by manufacturing enterprises to supply all requirement in timely manner.Any orders will be made under specific passport or ID card.

By keeping those demands in transparent,society will avoid the psychological panic during COVID-19 outbreak. Psychological stability of the communities will help to prevent any negative impacts.Besides that,itcan regulate real supply-demand toavoid social waste and the loss ofmedical workers andpatients without medical equipment.Without the burden of virtual demand,enterprises can prevent themselves fromover-investment after the end of natural disasters and epidemics.

By these all means,CIB Corporation believes that Vietnam Economy is with allaggressive measures and effort inside out,andVietnamis confidently preparedand ready to protectthe consumers andovercometheCOVID-19pandemic together. With further development,this recommendation can also work for any countriesor states to join fora trading network of the international communities to share management needs and information as well.

Background info:

CIB Corp is a Consulting and Implementing Company which is derived from global organizations and experts with a network and partners from large corporations in the world and developing corporations.CIB aspires to accompany creation and innovation with organizations to achieve sustainable development and create a long-lasting future.

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