Prime Minister Pham Minh Chinh has required accelerating the development of the domestic market and the stimulation of consumption on the occasion of the Lunar New Year 2025.
About a decade ago, Chinese car brands like Zotye Z8, Beijing X7, and Brilliance V7 entered the Vietnamese market to limited success. But a new fleet of modern Chinese vehicles began to gain traction in the Vietnam market last year.
Prime Minister Pham Minh Chinh has required accelerating the development of the domestic market and the stimulation of consumption on the occasion of the Lunar New Year (Tet) 2025.
Vietnam's domestic market still holds significant untapped potential, and stimulating domestic consumption is a vital strategy to drive economic growth in the near future, according to economic experts.
Prime Minister Pham Minh Chinh on November 26 ordered the continuation of developing the domestic market and boosting consumption in the remainder of the year.
Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.
Many programmes on promoting consumption until year end have been launched to boost domestic consumption growth, one of the three important pillars of the economy.
The price of SJC-branded gold bars in the domestic market has remained stable despite the rising global gold price recorded over the past couple of weeks.
Retail sales and services revenue in the first four months of this year totaled 2.06 quadrillion VND (81.06 billion VND), up 8.5% year-on-year, the General Statistics Office (GSO) said.
The Indonesian incoming administration led by President-elect Prabowo Subianto will highlight the country’s large domestic market to attract foreign investors.
Vietnamese and Dutch experts compared notes on scientific, technological and financial solutions to boost sustainable agricultural development and respond to climate change in the Mekong Delta at a forum in Ho Chi Minh City on March 21.
The forecast for 2024 indicates that consumer demand will continue to be a primary contributor to Vietnam's economic growth, in addition to the ripple effects of public investment and exports.
After successfully conquering international markets, many businesses have returned to conquer the domestic market as more and more customers choose to buy Vietnamese products.
The Federation of Thai Industry (FTI) has reduced its car production target for 2023 to 1.9 million units from 1.95 million units set at the beginning of the year, due to a drop in domestic vehicle sales and an increase in electric vehicle (EV) imports from China.
According to the Vietnam Association of Realtors (VARS), the segment of social and affordable housing will grow because urban development is still attracting the attention of investors.