Vietnam exported 7,420 tons of coffee worth US$18.77 million to the Netherlands in the first two months of the year, up 93.1 percent in volume and 105.7 percent in value year on year, according to the General Department of Vietnam Customs.
According to the Ministry of Industry and Trade (MoIT), generally, the total retail sales of consumer goods and services in the first eight months of 2022 have a larger scale and higher growth rate than the same period in recent years and are much higher than the period before the pandemic.
Several commercial centers and supermarkets in Ho Chi Minh City have been promoting the program to stimulate consumption on the occasion of National Day. Forecasts from the Department of Tourism and the Department of Industry and Trade of HCMC said that the number of visitors to enjoy and shop on this occasion would increase sharply compared to normal days.
Some traditional markets such as Ben Thanh in District 1, An Dong in District 5 and Binh Tay in District 6, Hoa Hung in District 10, Xom Chieu in District 4 in Ho Chi Minh City recorded a recent surge of market-goers, showing that they have gradually caught up with consumers' demand in the peak shopping season.
On the occasion of the Reunification Day and the International Labor Day and to stimulate consumer demand, the network of trade centers and supermarkets have simultaneously launched attractive promotional programs with high discounts from April 28.
Vice Chairwoman of Ho Chi Minh City People's Committee Phan Thi Thang, on January 25, led a delegation to visit and inspect the preparation of goods for the 2022 Lunar New Year at some typical HCMC-based enterprises.
It was recorded that at some traditional markets and supermarkets in Ho Chi Minh City, the purchasing power has begun to gradually inch up on the evening of January 16 or the 14th of the twelfth month of the year of the Ox in the lunar calendar. Consumers have gone shopping more bustlingly than a few weeks ago.
Although the purchasing power is not expected to hike suddenly during this Lunar New Year, Ho Chi Minh City has been ready to supply tens of thousands of tons of food and foodstuff products every day to ensure consumer demand before, during, and after the Tet holiday.
The consumer price index (CPI) in November edged up by 0.32 percent over the previous month, 2 percent higher than December last year. In the first 11 months of this year, CPI surged by 1.84 percent year-on-year, the lowest increase since 2016, the General Statistics Office of Vietnam announced this morning.
The Ho Chi Minh City People's Committee yesterday held a conference to sum up the works of ensuring the supply chain of essential goods and foods for residents during the fourth pandemic outbreak, with the attendance of Deputy Chairwoman of the Municipal People’s Committee Phan Thi Thang along with representatives of relevant departments, agencies and enterprises.
People can feel assured that there will never be a shortage of goods during social distancing. Goods are plentiful and diverse, and the supermarket system will operate throughout the day, so people should not rush to shop and gather too many people at one place, which will increase the risk of Covid-19 infection.
Despite the complicated situation of the Covid-19 pandemic, which greatly affected the transportation and circulation of goods, on the afternoon of June 27, it was recorded that goods in Ho Chi Minh City were still abundant, especially essential items.
It is only a few days left until the end of the first quarter of the fiscal year 2021, according to many enterprises, the purchasing power at this time decreased by an average of 15-20 percent compared to the same period last year. It is forecasted that the purchasing power in 2021 will not be better than that in 2020 because of many reasons.
As for Ho Chi Minh City, where about 70 percent of food and foodstuff manufacturing and processing enterprises in the country are located, many experts said that there should be mechanisms and policies to attract investment for the implementation of two important projects, comprising the project to develop cold storage warehouses and the project to build raw material growing areas, establishing a production chain of the industry.
Despite the Covid-19 pandemic, Ho Chi Minh City's retail revenue in 2020 is estimated at more than VND759.71 trillion, up 11.9 percent over the same period in the previous year. According to forecasts, retail activities will continue to grow strongly this year, and there are still lots of potentials for enterprises to exploit.
According to the Ministry of Industry and Trade, the general purchasing power on the market showed signs of improvement, and the supply of goods, especially the group of essential food products, was very abundant in November this year. To maintain stable prices, enterprises need to focus all resources on production, organize more promotional activities and promotions to stimulate shopping demand at the end of the year.
The purchasing power in the market has shown signs of improvement, but in general, it remains extremely weak. Especially in markets, purchasing power is significantly decreasing. The situation that small traders hand back their stalls or stop their business to avoid taxes and fees has commonly happened.
There are more than three months left until the end of 2020 with too many fluctuations and impacts caused by the Covid-19 pandemic. To complete the annual revenue plan, most enterprises choose the plan to increase promotion, reduce the prices of goods to stimulate consumer demand, while minimizing costs to retain employees.
Ho Chi Minh City’s Department of Industry and Trade will for the first time in several years allow businesses to offer promotions of up to 100 percent in June and July to boost demand that has taken a hit from the COVID-19 pandemic.