Export turnover of goods in the first ten months of the year was estimated at US$312.82 billion, up 15.9 percent over the same period last year. This is a positive signal, however, economic experts warned of the risk of a decline in export turnover in the near future, because of rising inflation in many countries that are tightening monetary policy.
Vietnam's import and export activities will face many difficulties and challenges in the last months of this year and into the next, according to Nguyen Cam Trang, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).
A quick record on the afternoon of October 12 at some wholesale markets and supermarkets in Ho Chi Minh City showed that vegetables, fruits, meat, and fish of all kinds were at good prices.
Contrary to the deserted scene in the past, in the past few weeks, thanks to the implementation of a month of concentrated promotions, sales at some traditional markets and supermarkets have inched up.
The prices of some consumer goods and fresh food for sale at small and spontaneous points of sale in Ho Chi Minh City have started to hike in the past few days. Sellers explained that freight costs started to climb, so the increase in selling price was inevitable. Meanwhile, large supermarkets and trade centers confirmed that they still run many promotions and offer deep discounts to support consumers.
Since the Tet holiday, the prices of some products in Ho Chi Minh City have started to increase, especially after gasoline prices exceeded VND25,000 per liter.
Yesterday, the People's Committee of Ho Chi Minh City’s District 6 officially launched a food and shopping route - night market - in Hau Giang Street .
Ho Chi Minh City authorities have urged businesses to ensure supply of essential goods and necessities and offer promotion programs for the Tet (Lunar New Year) holiday while following pandemic prevention measures.
The promotional program to stimulate the purchasing power on the occasion of the Reunification Day and the International Workers’ Day is going to end, while the prices of input materials have been climbing sharply, significantly affecting the pressure of increasing the selling prices of many essential goods.
The Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade on June 25 said that the country’s e-commerce growth rate exceeded 32 percent last year.
Indonesia posted its biggest trade deficit in seven months in November, as exports fell more than expected and imports of consumer goods soared ahead of year-end festivities.
According to the General Statistics Office of Vietnam, the total turnover of retail sales and consumer services reached over VND 4 quadrillion (US$ 172.3 billion) in the first ten months of the year, an increase of nearly 12 percent compared to the same period in 2018.
The General Statistics Office of Vietnam on April 29 announced that consumer price index (CPI) in April this year climbed by 0.31 percent over the previous month and 1 percent from December last year.
Although at the current moment, hikes in electricity and fuel prices have not affected the prices of goods in the market yet, it raised concerns that consumer goods prices would fluctuate in the near future.
