Measures have been taken to effectively exploit the domestic market with a population of nearly 100 million to fulfill the goal of an increase of 8-9 percent in retail sales of goods and services.
Vietnamese products are expected to account for over 85 percent of the stocks at modern distribution channels by 2025, according to a project to develop the domestic market.
From more than 5,000 trucks of goods and fruits jammed at the border gates in Lang Son Province, on the morning of December 31, the number of vehicles stuck here was only nearly 3,000. The rest of them have returned to the domestic market.
The signing of many free trade agreements (FTAs) with other countries has helped several Vietnamese goods, including agricultural and aquatic products, open their doors widely to the world. In the opposite direction, the domestic market has also been importing a large volume of agricultural and fishery products from foreign countries, especially countries with trade relationships with Vietnam, creating more product diversity and more choices for consumers.
Despite the impact of the coronavirus pandemic, the dairy industry in Vietnam is still persistent to win consumers, creating a firm foothold in the domestic market as well as gradually expanding to international market.
Private offerings and transaction of corporate bonds in the domestic market, along with offering of corporate bonds to the international market will soon be regulated under Decree 153/2020/ND-CP. This follows a cooling off in the last four months of 2020 due to the impact of tightened issuance conditions under the earlier Decree 81/2020/ND-CP.
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.
In the past two months, Ho Chi Minh City has implemented several measures to support enterprises to revive and develop production and business after the period of social distancing to prevent Covid-19.
Since the beginning of this year, prolonged hot weather and saltwater intrusion have caused disadvantages for shrimp-farming areas in the Mekong Delta. Besides, the Covid-19 pandemic has also affected the export of shrimps, leading to a decline in export turnover.
Expanding the domestic market is currently the direction of many Vietnamese enterprises amid the context of the Covid-19 pandemic. When the export situation has not improved, many enterprises have posted significant growth in the domestic market in the past four months.
Vietnamese –made commodities make up 80 percent of domestic market, the Ministry of Industry and Trade yesterday announced at the ten-year anniversary of Vietnamese use Vietnamese-made goods campaign at the Cultural Friendship Palace in Hanoi.
Domestic garment market has a great potential as world famous fashion brands have been increasing their presence in Vietnam’s market. Amid the situation, local garment companies have adopted marketing strategies so as to promote their approach to customers and increase market share in home ground.
The Vietnamese market with 90 million population and huge purchasing power is "the pile of gold" which businesses have left aside to run after export, said Mr. Ngo Chung Khanh, deputy head of Multilateral Trade Policy Department under Ministry of Industry and Trade on Thursday.
Since the operation of Samsung factory in the Saigon Hi-tech Park (SHTP), the need for different kinds of mold has dramatically increased. However, due to the limit of technology and human resources, domestic mold manufacturers unfortunately cannot satisfy this demand.
