Authorities are urgently rolling out measures to stabilise the market as surging input costs place unprecedented pressure on the retail market, with suppliers pushing for price hikes and supermarket systems striving to keep prices in check.
Local economists have underlined the need to reach consensus, share difficulties and seize upon opportunities among the State, businesses, and workers amid the national economy facing several challenges caused by the fourth wave of the COVID-19 pandemic.
The office market in Vietnamese cities like Hanoi and Ho Chi Minh City is likely to recover faster post-COVID-19 than other major cities in the Asia Pacific, experts have predicted.
The “Vietnamese people use Vietnamese goods” campaign has helped raise consumer awareness about locally-produced goods and services, Deputy Minister of Industry and Trade Do Thang Hai said on August 12.
Vietnam imported more than 46,402 tonnes of pork and related products as of April 13, rocketing over 300 percent from the same period last year, according to the Department of Animal Health under the Ministry of Agriculture and Rural Development (MARD).
Hanoi authorities have been working hard to make more Vietnamese products present in foreign-invested supermarket chains in Vietnam, seeing it as an efficient channel for the products to reach the global market.
The direct exports to foreign distribution systems are considered to be an efficient and sustainable method, which many Vietnamese exporters are pursuing.
Vietnam has been considered as a “fertile land” for foreign food firms as many trademarks from the Republic of Korea (RoK), Japan and Thailand are seeking ways to penetrate the 93 million-strong market.
PSNews - Thanh Cong Group and Hyundai Motor have officially signed a new joint venture to manufacture and distribute commercial vehicles in Vietnam named Hyundai Thanh Cong Commercial Vehicle (HTCV).
The domestic automobile market reaped its highest growth ever last year and is about to enter the stage of motorization, whereas it is wondered if assemblers would withdraw from Vietnam when tariffs on auto imports from ASEAN fall to zero in 2018.
