Currently, the electronics market is rather sluggish. In numerous stores and supermarkets, there is an abundance of sellers compared to buyers, even though discount programs and promotions are being constantly launched.
The Ho Chi Minh City International Exhibition of Food and Beverages 2023 (HCMC FOODEX 2023) is scheduled to take place in late June, about four months early, to support enterprises amid the numerous challenges they face.
The State Bank of Vietnam (SBV) is set to further reduce regulatory interest rates on May 25, the third cut in a row since mid-March, expected to give a boost to the stagnant real estate market.
Many associations and experts emphasize the importance of continuing the 2-percent reduction in VAT in the present circumstances to boost consumer demand and revitalize production.
National Assembly deputy Tran Hoang Ngan said that Vietnam must have a long-term solution to restructure the economy to improve independence and autonomy.
The conclusion of negotiations towards the signing of the Vietnam - Israel Free Trade Agreement (VIFTA) has opened up new and potential opportunities for Vietnam's exports, according to insiders.
Challenging as it is, green economy development is the inevitable way for businesses in HCMC to maintain their own operation and the leading position of the city.
As a result of a substantial decline in exports and a surplus of inventory, the prices of raw shrimp in the Mekong Delta have experienced a sharp drop.
HCMC-based enterprises are rushing to launch promotions and offer discounts in the hope of boosting purchasing power and reviving the ailing situation, which has been affected by people tightening their spending.
The Government's permanent members and the Standing Board of the Ho Chi Minh City Party Committee discussed how to remove difficulties for the facilitation of the city's socio-economic development.
The 19th HCMC Tourism Festival attracted around 190,000 visitors and saw revenue of more than VND100 billion (US$4.3 million) from participating travel agents by selling tours.
On the afternoon of March 14, many investors were left startled when the State Bank of Vietnam decided to reduce the operating interest rate and the short-term lending interest rate of credit institutions.
Many of the traditional markets in Ho Chi Minh City are dilapidated due to a lack of investment in upgrades and are facing the issue of small traders withdrawing due to low customer footfall.
Retail stocks have dropped significantly due to the decline in business results in the context of the global economic recession and high interest rates.
After SGGP newspaper published a series of articles titled "High interest rates weaken the economy", economists and the business community contributed their opinions on this issue.
