HCM City to organise fair to stimulate consumer demand

Ho Chi Minh City’s Department of Industry and Trade will for the first time in several years allow businesses to offer promotions of up to 100 percent in June and July to boost demand that has taken a hit from the COVID-19 pandemic.
HCM City to organise fair to stimulate consumer demand ảnh 1The HCM City Department of Industry and Trade will organise the Consumption Stimulus Fair from July 2 to 5 this year to revive demand that has slumped due to the COVID-19 pandemic. (Source: VNA)

HCM City (VNS/VNA)
– Ho Chi Minh City’s Department of Industry and Trade will forthe first time in several years allow businesses to offer promotions of up to100 percent in June and July to boost demand that has taken a hit from the COVID-19 pandemic.

Forthe last few years, businesses have not been allowed to offer one for one andother similar promotions except during national holidays like the Lunar NewYear, Independence Day and Reunification Day.

Itwill also allow free participation for businesses at the 2020 Consumption StimulusFair from July 2 to 5 in ThuDuc District.

Therewill be supermarkets, malls and electronics retailers like Thien Hoa and Nguyen Kim participating in the programme,according to the department.

Itexpects the event to boost economic recovery and normalise commercialactivities in the city.

Thefair, financed by firms and the Government’s trade promotion funds, will have500 booths showcasing consumer products, agricultural goods, foods, and exportitems.

Therewill be promotional and discount programmes to stimulate consumption and helpfirms liquidate their stocks.

Le Thi Thanh Tam, deputy director of Sai Gon Food Company, said her company wouldoffer promotions of up to 50 percent and free trials of goods.

Le Viet Thanh, director of K&K Fashion, saidwhile major annual promotional programmes such as Black Friday and forReunification Day (April 30) always attract a lot of customers, many shops markup prices before them or sell old, counterfeit and poor-quality goods productsthat disappoint users.

Thedepartment therefore needs to strictly control the quality of products to besold at the fair and take severe action against businesses that violate buyers’trust, he said.

Thepromotions need to be promoted on different channels, especially social networksand digital media, to reach more young people, he said.

Thecity should get banks and financial companies to offer low-interest loans atthe fair for high-value of goods such as air conditioners to stimulate demand,he added./.
VNA

See more

Buon Ma Thuot Coffee Festival wraps up on March 13. (Photo: VNA)

Buon Ma Thuot Coffee Festival wraps up

This year’s festival, themed “Buon Ma Thuot – Coffee City,” featured 17 official activities alongside various supporting events across the province. Notably, the festival coincided with the 50th anniversary of Buon Ma Thuot’s victory and the liberation of Dak Lak province (March 10, 1975 – 2025). The event attracted around 250,000 visitors, including 1,800 international guests, leaving a lasting impression with its vibrant cultural programmes rich in traditional identity.

Special Envoy of the Prime Minister, Minister of Industry and Trade Nguyen Hong Dien (R) and US Trade Representative Jamieson L. Greer (Photo: Ministry of Industry and Trade)

Vietnam, US strengthen economic, trade partnership

Vietnam’s consistent policy is to build harmonious, sustainable, stable, and mutually-beneficial economic and trade ties with the US, he stated, adding that Vietnam has no intention to create any barriers that could harm the US’s workers or economic and national security.

Mud crabs in Australia are similar to those from Ca Mau but priced very high. (Photo: VNA)

More Vietnamese products expected to enter Australian market

Among the various Vietnamese goods exported to Australia, agricultural, forestry, and aquatic products, along with fruits and vegetables, still have much room to grow. They are now widely available in Australia, even reaching remote areas such as the Northern Territory.

An aeroplane at the international terminal of Da Nang Airport. (Photo courtesy of AHT)

New air routes to link Da Nang with Kazakhstan

Kazakhstan's national flag carrier Air Astana and SCAT Airlines have scheduled flights from Almaty and Astana to Da Nang starting this June, after the two airlines worked with the Airports Corporation of Vietnam (ACV) to launch the new air routes.

Deputy Prime Minister Nguyen Chi Dung (R) receives Lien Andrew Michael, Vice President and General Director of Asian factories at Wanek Furniture Co., Ltd. (Photo: VNA)

Deputy PM receives Vice President of Wanek Furniture

Deputy Prime Minister Nguyen Chi Dung applauded Wanek Furniture's plan to expand its investment in Vietnam in the next five year, while encouraged the company to discuss any challenges with the Vietnamese Government during the expansion process.

Fuel prices cut for third consecutive time (Photo: VNA)

Fuel prices cut for third consecutive time

The price of E5RON92 gasoline is capped at 19,281 VND (0.76 USD) per litre, down 680 VND, while RON95-III is priced at no more than 19,649 VND per litre, a decrease of 753 VND.

Illustrative image (Photo: VNA)

Vietnam partners with Israel for hi-tech agricultural innovation

Vitad and Ginosar will establish a dedicated laboratory in Vietnam by the end of this year. Ginosar will leverage its infrastructure, genetic resources, and core technology to transfer lab capabilities to Vitad. This move will enable the company to develop superior crop varieties for large-scale cultivation, building extensive raw material zones to expand exports and create substantial economic value for Vietnamese farmers and businesses.

A corner of Hanoi capital city (Photo: VNA)

Hanoi to slash business conditions by at least 30%

In a document issued on March 11, the Hanoi People’s Committee stressed the need to mobilise all economic sectors, businesses and citizens to engage in socio-economic development, contributing to national growth. All institutional frameworks, mechanisms, and policies must be aligned with the objective.

Representatives from the Agriculture and Environment Newspaper and the German Agricultural Society (DLG) at the event (Photo: VNA)

Opportunities for German agribusinesses in Vietnam

The Agriculture and Environment Newspaper and the German Agricultural Society (DLG) will focus on key agricultural industries, facilitating knowledge and technology transfer between delegations from the two countries. Opportunities will also be explored to recognise individuals and organisations with significant contributions to agricultural development in both Vietnam and Germany.