Most people find the task of successful promotion for themselves a challenge. Fortunately, the task is made more accessible by using paid signals that can work to one’s advantage on the platform’s algorithms. It includes the choice to buy Twitter followers to build social proof and accelerate the process of growing one’s reach.
If you are hesitant about buying Twitter followers, you are not alone. Many fail to achieve desired goals despite investing significantly in such purchases as they fall short of choosing services that sell genuine social signals. The market is teeming with social media marketing companies that promise organic growth and audience gain. How do we know where to place our faith and hard-earned bucks? Fortunately, 12 authentic sites to turn to if you wish to increase your trustworthiness and authority.
|SocialBoss||Delivery time range: 1-2 daysNatural followers deliveryHigh-Quality Followers24/7 client support system100% risk-free transaction processCheapest package $0.99/10 Twitter followers||98%|
|Social Up||Delivery time range: about 2 daysOrganic and gradual followers deliveryHigh-Quality FollowersCheapest package $2.89/50 Twitter followers||95%|
|Tweetboost||Delivery time range: 1-2 days;Cheapest package $3.99/100 followers||87%|
Do you require targeted followers for your social media growth? SocialBoss is a site you can safely trust for all your online wishes. They sell social signals for nearly all social media platforms operational today. It is a nice place to get professional assistance and active fans. For enhanced online expansion, consider their range of Twitter engagement in addition to their active followers’ packages. No matter your budget, you will likely find something that suits the promotional requirements for your Twitter account here. In addition to fast delivery of premium quality followers, the site promises a 24/7 client support system and a hundred percent risk-free transaction process. These are all necessary must-haves when you are scouting for a safe organic Twitter growth service. Going by the positive reviews left by real users of the services, we can tell that this is one of the best sites around. Clients buy Twitter followers here to grow their reach and attract target audience members organically. Currently, SocialBoss does not allow free followers trials. Consider purchasing a smaller package for your Twitter handle if you want to check how an investment in their services might affect your Twitter presence. We bet you are sure to see real followers flocking to your Twitter account soon!
- Most minor package size/pricing: 10 Twitter followers for $0.99;
- Delivery time range: 1-2 days;
- Demographic range of followers delivered: * 40% European or American, * 40% Arab or Asian, * 20% business/corporate accounts;
- Payment options: Visa, MasterCard, Maestro, Apple Pay, Google Play and some cryptocurrencies;
- Try before you buy option: None.
Another secure and risk-free social media marketing agency out there is SocialsUp.net. The decision to purchase followers is a breeze as the packages clearly state what is on offer. Choose an authentic followers package that can bring your Twitter account more traffic and engagement. If your follower count increases with no correlated growth in Twitter activity, chances are your delivery is filled with fake followers. Thankfully, you are less likely to run into such an issue if you buy Twitter followers from here. The terms and conditions for a money-back guarantee or refill are clearly laid out. The site recognizes that different payment options require additional throughput and speed and the delivery time for packages takes this into account.
SocialsUp.net fulfills deliveries of larger orders using a slow drip method. Furthermore, the followers delivered have a predetermined demographic composition which ensures you are getting real accounts of a global nature added to your account.
With a reputation for providing non-drop deliveries, and an excellent customer support system, this company is worth consideration as you research the market for options.
- Cheapest package size/pricing:50 Twitter followers for $2.89;
- Delivery time range: about 2 days;
- Demographic range of followers delivered: * mainly split equally between European or American, and Arab or Asian accounts, with 20% being business/corporate accounts;
- Payment options: credit/debit Visa, Maestro and MasterCard, Apple Pay & Google Pay;
- Try before you buy option: None.
Tweetboost provides pocket-friendly organic follower packages for boosting social proof. Buying real Twitter followers is risk-free and secure. In a market that is full of scammers, this site reaffirms its genuineness by providing a physical office address on its official webpage footer. Tweetboost provides authentic bot-free followers to the assigned Twitter profile using a slow-drip method for filling every order, including its smallest package. It means your Twitter profile should reflect an increase of current Twitter followers and not just vanity metrics. The site explicitly states that each of its packages has non-drop deliveries, and they have a clear refund/refill policy in case of a delivery not meeting the standards claimed. It is doubtful that your order here would be mixed with fake followers with so many rules laid out. Customer reviews about the services of Tweetboost are by and largely positive, making this one of the best sites to shop to buy cheap Twitter followers from.
- Smallest package size/pricing: 100 Twitter followers for $3.99;
- Delivery time range: 1-2 days;
- Demographic range of fans delivered: The site mentions “worldwide” without a specific breakdown. You can, however, contact customer support to learn about the follower demographic of your particular order;
- Payment options: VISA, MasterCard, American Express, Discover. Apple/Google Pay;
- Try before you buy option: None.
A US-based internet service provider with competitive packages for most social media platforms, VIPLikes is also your go-to website if you are looking to purchase from a place where you can keep track of what has been exactly delivered and when. Figuring out a plan fit for social media growth on multiple social media networks may be daunting. VIPlikes is one of the few sellers that team their packages with video tutorials on making a purchase.
You can create bundles to benefit your Twitter profile alongside other social media accounts. You can consider other engagement packages as you buy active Twitter followers here. A pop-up chat option gives you onsite customer support as you go through their website, creating your combos. You can read through the website to understand the way VIPLikes tailors and customizes the packages ordered per client needs. They may be able to provide a targeted followers package subject to country/demographic availability! All their Twitter followers packages come with a guaranteed international spread of authentic premium quality followers. They do not guarantee that the Twitter users added to your follower count would engage with your tweets. The company partners with the 2Checkout payment platform for payment processing to provide a secure transaction experience to each client.
- Most minor package size/pricing: 50 Twitter Followers for $4.99;
- Delivery time range: 3-5 days;
- Demographic range of followers delivered: Choose from a choice of international spread or specific geolocation. Currently, the site offers exclusive follower packages from Arab, French, Italian, Russian, and Spanish Countries, besides targeted Twitter followers from India, the UK, Japan, Germany, Canada, Australia, and Turkey;
- Payment options: All major Credit/ Debit cards, PayPal, Bitcoins, Ethereum;
- Try before you buy option: None.
Among the more versatile websites, AppSally tops our list for delivery transparency systems. It is one of the best sites to invest your dollars in if you want a smooth purchasing experience combined with the ability to track the delivery of your chosen package. As a buyer, you will have access to a dashboard system that you can use to check the drip delivery of high-quality Twitter followers on your Twitter account. The site has a 15-day refund/ refill policy while most other companies offer a 30-day warranty period, tempting many Twitter users to keep this website as a second option. However, the package details are a real crowd-puller. For, not only do they promise genuine Twitter followers, they guarantee active followers.
Moreover, reliable 24/7 customer support does its best to make you feel secure and hassle-free. The company ties up with SocialBlade to verify all claims of drop followers to ensure no client is left dissatisfied with their purchasing experience. As the site mentions, they do not aim to be the cheapest seller around, and instead, they have their eyes on being one of the best sites for quality products. Yet, when you compare them with other social media growth services, you will agree this might just be the site to use for enhancing your Twitter profile. This commendable site promises real engagement and followers at affordable rates and is worth a try.
- Smallest package size/pricing: 200 fans for $20;
- Delivery time range: 4 days onwards;
- Demographic range of followers delivered: No commitment on a specific geo-target division although states clearly that the package will have worldwide followers;
- Payment options: Paypal, Bitcoin, AppSally wallet, credit card, Bitcoin, Payoneer, Skrill, wire transfer, and ACH;
- Try before you buy option: None.
Another name to reckon with among organic Twitter growth services in the market today is Freewaysocial. Find more followers for your Twitter account by choosing their services for your social media sites. Returning clients attest that they have been given high-quality followers each time they have shopped here for targeted followers. So, it is safe to say if you buy Twitter followers here, you are unlikely to receive fake followers. Twitter users can also browse through a variety of engagement packages as well as social media enhancers for their accounts on other social media networks. No sensitive details of your page or bank get compromised if you choose to buy Twitter followers (real and active) here. The secure payment gateways make acquiring high-quality followers from here for any of your social media platforms a breeze. This company, too, qualifies on our list, therefore among the popular providers for placing an order.
- Smallest package size/pricing: 500 fans @ $14.99;
- Delivery time range: Unspecified, reach a client support for your choice of package;
- Demographic range of followers delivered: Unspecified;
- Payment options: Major credit/ debit cards, PayPal;
- Try before you buy option: None.
Virallyft is a customer favorite for best quality followers. The site offers a range of affordable packages for most networks, most of which promises completed delivery within 1-3 days. The site has friendly and approachable customer support, so do not hesitate to reach out for any questions or if you need assistance during the easy customer-friendly purchasing process.
Viralyft also offers social signals and follower packages for many other social media platforms. Regardless of which social media network you shop for, you have the assurance of receiving an active and real increase in followers. No matter what package you purchase, your handle will receive organic followers in a drip fashion that is sure to further enhance your engagement and reach. The site does not ask for any sensitive personal information during placement of an order. Payment gateways of the site have a security assurance, and every purchase has a guaranteed refill/refund policy. The site has a 24/7 support operative should you need any assistance at any given time. What’s more, it also offers live tracking of your delivery using a unique order code that gets generated for you when the payment transaction is processed.
- Smallest package size/pricing: 100 followers for $3.99;
- Delivery time range: 1-3 days;
- Demographic range of followers delivered: Global;
- Payment options: All major credit and debit cards;
- Try before you buy option: None.
Another service company that may help you improve your social media engagement is SocialWick. The company website claims that they provide genuine followers who bring real-time engagement and enable your account to find real likes, retweets, and followers. By providing comprehensive services for most major social sites, this is another place you could stop by to build your brand presence across platforms. Their Twitter packages promise quality followers. Like most trusted sites, they only need a Twitter account URL and the buyer’s email to process a sale. Besides, they accept Bitcoins and PayPal payments in addition to the significant maestro, visa credit, and debit cards. Most Twitter follower packages have a fast delivery or money-back guarantee on them too.
- Smallest package size/pricing: 20 fans for $0.46;
- Delivery time range: 24 hrs.;
- Demographic range of followers delivered: not- specified;
- Payment options: All major credit and debit cards, visa gift cards, PayPal, and Bitcoin;
- Try before you buy option: none for Twitter, but you can try out Instagram engagement if you have an Instagram account.
SocialViral has recently caught the market’s attention for its variety of offered services. Another all-inclusive stop for social growth, you can shop here with the confidence of using a secure site. Customer ratings indicate that the services sold here are of premium quality, and we have no reason to suspect their Twitter packages are any different.
- Smallest package size/pricing: 50 social signals for $2.99;
- Delivery time range: up to 12 hours;
- Demographic range of followers delivered: unspecified;
- Payment options: Apple Pay, Cryptocurrency, all major credit/debit cards;
- Try before you buy option: None.
Media Mister has earned a reputation for itself for high-quality services over the years. In addition to Twitter, the site also caters to other social platforms, including Facebook, Instagram, YouTube, and even LinkedIn. Another industry giant with years of experience behind it, consider Media Mister for quickening the pace of your social media growth at affordable rates. The site offers real followers and combination packages, so you have several options to choose from. It is one of the few sites where you can even buy poll votes and impressions from.
Moreover, you have a unique choice of ordering fans based anywhere globally, or you can opt for a concentrated geo-location-based follower package. With super-responsive customer support in place, Media Mister is one of the best sites to shop from out there. They provide drip delivery of larger packages to ensure account safety. They also have a clearly stated policy regarding money-back guarantees and package refills.
- Smallest package size/pricing: 50 fans for $4.00;
- Delivery time range: 1-3 days;
- Demographic range of followers delivered: Choice of followers from Worldwide, USA, South Africa, Nigeria & Ghana or Arab countries;
- Payment options: PayPal, credit cards, American Express, Bitcoin, and Ethereum;
- Try before you buy option: None.
- Mr. Insta
Gain social signals quickly, effectively, and reliable by ordering from Mr. Insta. It is one of the well-known websites around for speedy signal shopping for many platforms and is often used by Instagrammers. With real and active followers added to your account, you are likely to witness an increase in the momentum of your Twitter growth very soon. Mr. Insta promises that the high-quality Twitter followers purchased from here will also add engagement to your handle. As for the ordering process, Mr. Insta uses a secure, risk-free portal. Moreover, the site gives you the option to make a recurring purchase or a one-time purchase. You are sure to reach your target audience if you team an excellent content marketing strategy with your decision to purchase Twitter followers here. We would go a step further and say this to be true for any purchase you make here for your other social media networks.
- Smallest package size/pricing: 250 social signals for $15;
- Delivery time range: approx. 72 hours;
- Demographic range of followers delivered: Yes, you specify certain niche areas when you create a member id. Followers will be targets in these pools;
- Payment options: Visa, Maestro, MasterCard, Bitcoins, and some gift Visa cards;
- Try before you buy option: Several trial packages for Instagram if you have an IG account as well.
Fastlikes.io is popular among those who use paid services to improve their Instagram presence. The site has some great packages of worldwide followers for boosting presence too. Check out its offers on targeted Twitter followers. You could also combine your orders for the two social media platforms for synchronized growth on both. Most packages have organic service options, so if you are looking for real and active followers, you will indeed find a suitable package here. The site promises organic followers who will bring daily engagement to your Tweets. If you are looking to stay clear of websites selling fake accounts, browse the packages on this site to see if you want to try any on your Twitter handle.
- Smallest package size/pricing: 100 fans for $2.99;
- Delivery time range: 10-60 mins;
- Demographic range of fans delivered: Global, no specific demarcation of niche, location, or any other targeted feature;
- Payment options: PayPal, credit or debit cards;
- Try before you buy option: None.
What Should You Remember When You Buy Twitter Followers?
So now that you have a basic familiarity with some of the social media marketing leaders, how do you go about figuring which one is the best fit for your Twitter marketing needs? Keeping the following will help you fine-tune your research further:
It is not enough to want cheap Twitter followers; you must have a clear idea of what you can afford to spend on purchasing Twitter followers alone. Create a spreadsheet to demarcate your expectations and the expenditure associated alongside. Think of what you want to spend on:
- Twitter content creation.
- Twitter ads.
- Other forms of Twitter engagement.
Some providers have a specified paid audience to gain demographics in place. Ask yourself, even if the rise in your numbers comprises genuine Twitter followers, would gaining worldwide fans benefit your Twitter account better, or would you rather have the addition of active users from a more localized and concentrated target audience pool.
- The nature of your business.
- The real conversions of Twitter growth you have in mind.
- The time frame you have set for achieving the micro-goals you have in place.
Terms and Conditions of Twitter
Every social media platform has laid down dos and don’ts. Read the fine print to cross-check if the services provided by the platform you have narrowed down on violates any of Twitter’s rules and regulations. For instance, while the social media site does not deter its active users from purchasing paid signals, it does have clauses against the use of fake followers and bot engagement. Ensure that you have placed your orders from an organic Twitter growth service.
Terms and Conditions Governing Social Media Use in Your Country
Every country has its cyber laws and social media usage policies. Check if purchasing Twitter followers is in alignment with your country’s rules and regulations. In most cases, investing in legit Twitter followers is acceptable. However, to keep your Twitter account safe and your social media presence untarnished, make sure you are familiar with all by-laws and are up-to-date with any changes in them.
Background Check of the Company You Have Zeroed in on
This is a no-brainer. Know the company you are placing your money on through and through. A genuine company will have:
- Positive reviews and feedback on pages other than the company’s website.
- Have clients buy Twitter followers in repeat orders.
- Have clearly laid out money-back guarantee and refill policies in place. They would even have a verification system to ensure that the real followers dropped are a part of the delivery in question before carrying out a refill process.
- Clearly mention which Twitter follower packages comprise of real followers and which don’t.
- Clearly mention if the package provides active followers who will engage and contribute towards organic Twitter growth.
- Have quick and responsive customer support. They may even provide live chat support.
- Never ask for any sensitive personal information like passwords. In most cases, the Twitter username or account URL where the delivery is desired is all they ask for. At most, you may be required to provide an email address for further communication.
- Have a secure payment gateway.
What Else Should You Keep in Mind Regarding Buying Twitter Followers
So, now that you have a quick round-up of some of the best sites to buy Twitter followers for your Twitter account for and general know-how on the dos and don’ts while selecting a service to enhance your presence, what else should you be looking at? Below are some of the most asked questions regarding paying for more Twitter followers.
All said and done, how genuine are the accounts delivered by Twitter marketing websites that claim to sell real Twitter followers?
This is a crucial aspect you need to verify before placing your trust in the products offered by any social media service company. The best sites aim to give Twitter users a stepping stool to widen their influence. Hence, a quality Twitter growth service will only add real followers to your Twitter account. Most genuine sellers will let you know where they source the real accounts from demographically. Premium sellers will mention clearly on their package if it consists of high-quality Twitter followers. Some of the best sites also give you the option to tailor your package to your target audience. When in doubt about the delivery, check what customers have to say and direct your queries to the site’s customer-care before making a purchase.
Well, this would also depend on where you decided to buy Twitter followers from. The best sites aim to increase your ability to attract more fans from your target audience pool. Many Twitter users make the mistake of not researching enough before making a purchase. When you buy active Twitter followers, keep your long term goals in mind. If you buy genuine and active followers, you do not risk your account or brand image. Many service providers also provide added Twitter engagement packages that can be used alongside the followers’ packages to improve engagement rate on your handle and grow visibility. However, if you are buying bot packages which deliver fake accounts to your fan count, you will lose both social proof and credibility. Hence it is extremely important to check the provider you are buying followers from.
Again, this is dependent on which Twitter marketing service you choose to buy Twitter followers from. If you have a delivery of fake accounts onto your follower count, you will likely land your profile in trouble in the long run. However, high-quality professionals from the best sites will not deliver efficiently discoverable bots or fake followers as they stand to lose business as much as you lose face on Twitter. When you buy Twitter followers cheap, ensure that you are buying from a trusted place to deliver high-quality Twitter followers. Rest assured that if you have invested in an organic Twitter growth service, your account is safe. Keep in mind that a genuine seller will not ask for any personal data apart from a username that the services need to be delivered at. At most, you will be providing an email for further communication. Avoid getting flagged by consciously choosing to buy real Twitter followers even if the prices for the same may be slightly higher than other packages.
Purchasing Twitter followers alone cannot significantly improve Twitter presence. So how do you get your increased followers to stay active? The answer to this lies in understanding how many followers do you need to operate actively on your Twitter handle at any given time. Ideally, you would want all accounts following you to be active and interactive with your profile. However, often the engagement rates on your tweets remain low even when you gain real Twitter followers. What you need to do is integrate your social signals purchases into your overall marketing strategy. Be consistent in your Twitter approach, interact with other users and be courteous when communicating. Build a brand persona that your target audience can connect to. In other words, maintain a dynamic and foolproof marketing strategy that will boost your account organically. Some things you can do towards this include:
- Research the online behavior of your target audience and schedule tweets in sync with their most active online period.
- Continue to create high-quality content that will genuinely attract your target audience.
- Cross-promote yourself on other social media sites.
- Make use of Twitter ads to gain more followers.
- Develop a brand persona that is liked by Twitter users who belong to your target audience pool.
- Learn from others in your niche and work towards bettering your Twitter strategy.
When a website says I can buy Twitter followers cheap, does it usually sell packages at list price, or will I encounter hidden costs?
The best sites in the industry will be clear about what their products cost. They will mention any taxes or surcharges, if any, when you buy Twitter followers. So, if you are buying Twitter followers from a quality service provider, you will not be billed for unforeseen expenses. If you have doubts about the pricing of the packages, double-check with the company. They should be able to clarify any questions you have promptly.
On the other hand, packages that deliver fake followers have high dropouts, and you may have to buy more followers after the refill guarantee period is over. Hence buy Twitter followers from a site you trust to avoid such delayed extra costs.
If you have zeroed in on the right social media marketing services, you have already set on the right path in improving your Twitter growth. Legit Twitter followers will enhance your account irrespective of whether they joined your fan base naturally or you paid for them. You can choose to buy Twitter followers cheap or go for a higher range package. Remember, what seems cheap at first glance may end up being more expensive in the long run if you have not also planned other aspects of your Twitter strategy well. Consider marketing websites that add premium followers to your account to avoid flagging fake account activities. Ensure you have read all the fine print before making a purchase.
Most importantly, be alert to any red flags you notice about websites where you can buy followers. There is no one-size-fits-all solution to building a Twitter presence. Before you will have a chance to attract followers, rising your numbers, you should try different social media strategies. Hence, conduct a research on the sites that most appeal to your budget and marketing needs and choose your followers package. Ideally choose a package that adds active targeted followers using a slow drip method. Watch your Twitter account begin to gain traffic and engagement as your follower count increases.
China: $1.9 Trillion Boost and 88M Jobs by 2030 Possible with Nature-Positive Solutions
Nearly $9 trillion, two-thirds of China’s total Gross Domestic Product (GDP), is at risk of disruption from nature loss. Making China’s economy ‘nature-positive’ could generate $1.9 trillion in additional annual revenue and create 88 million jobs by 2030.
These are the findings of the latest report by the World Economic Forum Seizing Business Opportunities in China’s Transition Towards a Nature-positive Economy.
“Businesses can create a virtuous cycle between people, planet and profit. Investing in and living in harmony with nature will better secure sustained performance and prosperity. Chinese businesses can harness technologies and innovation, while adopting and promoting the UN Global Biodiversity Framework to collectively shape a more resilient and beautiful future for China,” said Gim Huay Neo, Managing Director, World Economic Forum.
The new report, in collaboration with Golden Bee, shows how significant business opportunities can be created if new business practices are adopted across three socio-economic systems: food, land and ocean use; infrastructure and the built environment; and energy and extractives. These systems are interconnected and can unlock untapped economic potential.
The report highlights progress to date, provides case studies and offers recommendations to accelerate new growth across these three systems.
– Food, land and ocean use: Six transitions can generate almost $565 billion in additional annual revenue and create 34 million new jobs by 2030. One of transitions identified would be – eco-tourism, projected to create some $53 billion of additional revenue in China – providing the largest business opportunity in accelerated ecosystem restoration and avoided land and ocean over-exploitation.
– Infrastructure and built environment: Five transitions to transform this system could add roughly $590 billion in annual revenue and create 30 million new jobs by 2030. An example of a key opportunity in this system’s transformation is promoting the use of smart parking – a market worth $94 billion in 2020 but expected to grow to around $219 billion by 2025.
– Energy and extractives: Four transitions could create almost $740 billion in additional revenue per year and 23 million new jobs by 2030. Improving how resources are used or reused throughout the vehicle lifecycle could create roughly $122 billion of commercial value and over 3.7 million jobs by 2030 in China.
“Nature is critical to China’s continued prosperity and social development. It is also at the heart of its ‘ecological civilization’ vision and intrinsically linked to its climate agenda. While our economy is currently facing non-negligible risk from nature loss, this report shows that taking bold action to ‘put nature first’ can secure our economic, social and climate ambitions while creating substantial business value.” said Justin Lin Yifu, Dean, Institute of New Structural Economics, Peking University, Beijing.
The report also sets out how China is well-placed to lead the transition to a carbon-neutral and nature-positive economy by delivering its “ecological civilization” vision and implementing its new national biodiversity conservation strategy.
The potential gains for China in transforming its economy represent nearly 20% of global business opportunities and jobs creation. As the world enters a decisive decade for action on nature and climate, Chinese government and businesses need to work closely to raise global ambition on biodiversity commitments, drive policy and regulatory changes, lead technological innovations, and mobilize investment.
“China is uniquely positioned to lead a global movement towards a nature-positive, carbon-neutral future. As the president and host of the Convention on Biological Diversity’s COP 15, it provides leadership in setting forth an integrated agenda which builds societal, economic and ecological resilience.” said Elizabeth Mrema, Executive Secretary of the United Nations Convention on Biological Diversity.
Vietnam’s economic growth is expected to accelerate to 5.5% in 2022
Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5% from 2.6% in the year just ended, the World Bank’s economic update for Vietnam Taking Stock says.
Assuming the COVID-19 pandemic will be brought under control at home and abroad, the forecast envisions that Vietnam’s services sector will gradually recover as consumer and investor confidence firms, while the manufacturing sector benefits from steady demand from the United States, the European Union, and China. The fiscal deficit and debt are expected to remain sustainable, with the debt-to-GDP ratio projected at 58.8 percent, well below the statutory limit.
The outlook, however, is subject to serious downside risks, particularly the unknown course of the pandemic. Outbreaks of new variants may prompt renewed social distancing measures, dampening economic activity. Weaker-than-expected domestic demand in Vietnam could weigh on the recovery. In addition, many trading partners are facing dwindling fiscal and monetary space, potentially restricting their ability to further support their economies if the crisis persists, which in turn could slow the global recovery and weaken demand for Vietnamese exports.
Careful policy responses could mitigate these risks. Fiscal policy measures, including temporary reduction of VAT rates and more spending on health and education, could support aggregate domestic demand. Support for affected businesses and citizens could be more substantial and more narrowly targeted. Social protection programs could be more carefully targeted and efficiently implemented to address the severe and uneven social consequences of the crisis. Heightened risks in the financial sector should be closely monitored and addressed proactively.
Entitled “NO TIME TO WASTE: The Challenges and Opportunities of Cleaner Trade for Vietnam,” this edition of Taking Stock argues that greening the trade sector should be a priority. Trade, while an important driver of Vietnam’s remarkable economic growth over the past two decades, is carbon-intensive —accounting for one-third of the country’s total greenhouse gas emissions — and polluting.
While Vietnam has started to decarbonize activity associated with trade, more needs to be done to respond to mounting pressures from main destination markets, customers, and multinational companies for greener products and services.
“Trade will be key component of Vietnam’s climate actions in the years to come,” said Carolyn Turk, World Bank Country Director for Vietnam. “Promoting greener trade will not only help Vietnam follow through on its pledge to reach net zero emission in 2050 but will also help it keep its competitive edge in international markets and ensure trade remains a critical income and job generator.”
The report recommends the Government act on three fronts: facilitate the trade of green goods and services, incentivize green foreign direct investment, and develop more resilient and carbon-free industrial zones.
Taking Stock is the World Bank’s bi-annual economic report on Vietnam.
Why cash is a critical resource with no substitute in cashless societies
Many people feel that their right to use cash is at risk. The reason this is so significant might be lost on some, but cash is often an unheralded asset. Sentiment on the subject is so strong in the United Kingdom that a group of stakeholders recently launched a not-for-profit with the aim of safeguarding this ancient and critical resource.
The Cash Supply Alliance (CSA) will promote the widespread acceptance and availability of cash, so it remains a valid payment option for UK consumers of all demographics living anywhere in the country.
“We know that low income, rather than age, is the most accurate indicator for cash dependency,” explains Nigel Constable, Chairman of CSA. For many, it is also about the freedom to use cash, for budgeting, or to avoid card data being captured and monetised by private companies, he adds.
Though it is not taught in schools or discussed much day-to-day, cash plays a broad array of functions not easily replicated by other technologies. One extremely important quality is the capacity to protect an individual’s privacy.
Protection of privacy
The very idea of privacy seems to become more and more diluted each year. The penetration of digital technology in our lives, and in the infrastructure that makes up our societies, makes this a pernicious problem. On top of this, the way in which data is used, for and against us, incentivises the erosion of basic rights, such as the right to a life free of surveillance.
In modern times, our phones and computers are monitored. Unfortunately, this is not fiction nor conspiracy: Facebook and other companies are even exploring the use of special data analysis techniques to mine even our encrypted data, as a way to eke out that little more bit value from users of their services.
Your card transactions already carry quantities of data that can be used to track your life, and your mobile phone never stops talking with the network providers that make its mystical powers function. For many digital payment technologies, privacy is patently impossible; and where that is not the case, companies are actively looking for ways to circumvent obstacles to their profits.
This is an area where cash offers one of the only antidotes: cash is inherently private, requiring no third-party services nor electronic systems to function. In many ways, it is one of the last bastions of privacy in our increasingly monetised society. For many citizens, this safe harbour is something far too important to lose without a fight.
Another strength that cash offers is its power to provide social inclusion. Cash is a public good that belongs in the public domain. Unlike mobile payments or credit cards, the citizens of a country benefit from having banknotes available to them without needing to offer a private enterprise anything in return. In fact, cash is the only means of payment that is entirely public.
This vital quality is part of why Advocate General Giovanni Pitruzzella of the Court of Justice of the European Union stated that cash must be legally protected: “For those vulnerable individuals, cash is the only form of accessible money and thus the only means of exercising their fundamental rights linked to the use of money.”
No other mechanism protects vulnerable people’s rights to conduct payments. That is why, in the opinion of Pitruzzella, it should generally be forbidden to prevent the use of cash for payments.
Cash and emergencies
The power of cash to help those in need goes beyond the routine difficulties of vulnerable people. It can also serve society at the worst possible periods.
During national emergencies, it is well-documented that people turn to cash for assurance. During financial crises, moments of political insecurity, and even most recently with the coronavirus pandemic — it is common for households to store cash as a lifeline. People sometimes fear that systems could break down, or that banks could even fail. In such instances, it offers great peace of mind to know that, no matter what happens, cash is available to keep life moving and food in the home.
This extends to extreme scenarios, such as humanitarian crises too. There are few things more essential for the migrating refugee than the ability to pay for essentials while they complete their uncertain journey. Phones might die, networks fail, but cash is one thing they can be sure of. That is why NGOs often hand out small packets of cash when they intervene in countries or regions in turmoil.
Cash during disruption
Cash has another vital function: it is the stopgap when typical infrastructure fails. When power outages happen, or a technical fault in the ever-expanding digital supply causes disruption — cash is dependably there to catch the economy while it stumbles. When Visa went down around the world, followed weeks later by rival Mastercard’s outages in Europe, each time it was the humble banknote that kept the day’s transactions alive.
As the climate becomes more hostile, we can expect the robustness of our technology systems to be more frequently tested by extreme weather events. In many of these future scenarios, cash use will likely be the decider, determining whether people face a black day for businesses, or merely an inconvenient near-miss for the books. Simply put: it is important to value cash, as it cannot crash.
Cash in the cyber-world
Cash also cannot be hacked. Given the terrifying rise in cyber-attacks and ransomware incidents, many people are understandably sceptical about digital stores of value.
“In the digitalized system, it is easy for someone in Russia, China, whatever, to just shut it off,” according to Björn Eriksson, the former head of Interpol. “[Cash] you can hide in your car, or your stove, or whatever,” he highlights.
Many bankers and business people are also concerned about the trends in cybercrime; they are aware, following research, that the only truly robust means of payment is the banknote. All the rest can be ‘turned off,’ as it were.
With all of these different dimensions in mind, the status of cash as a critical resource becomes self-evident. All the same, whether cash remains available to the public in the coming years might be determined largely by how hard people try in getting their voices heard.
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