Keyword: "domestic businesses"

While previously M&As were often considered the domain of foreign investment funds, now domestic listed companies are showing an increasingly prominent presence in the market, with ‘octopus tentacle’ strategies.

An expert perceived that Vietnam needs to move towards a new-generation investment attraction model – one that seeks not only capital but also advanced technology, modern governance, innovation and stronger spillover effects on domestic enterprises.

More than 5.28 million Chinese visitors traveled to Vietnam in 2025, accounting for around 25% of total international arrivals. The rollout of cross-border QR payments is expected to remove payment barriers, boost tourism spending, and open up new opportunities for domestic businesses.

With improving quality and strong consumer support, Vietnamese goods are increasingly becoming the preferred choice for households across the country.

Experts have suggested domestic businesses in the wood and furniture industry to quickly reform their operations, and invest more in research and development, and design to create high added values.

Despite an overall export decline due to the shortage of orders, foreign direct invested (FDI) businesses still posted more than 14 billion USD in trade surplus in the first four months, further affirming their role as the main growth driver of the economy.

The Ministry of Industry and Trade (MoIT) will support domestic businesses to connect with Vietnam’s trade offices abroad towards jointly seeking solutions to boost exports in a more effective and sustainable manner in the coming time.

Kobsak Pootrakool, senior executive vice-president at the Bangkok Bank (BBL), has predicted the Thai economy to see zero growth at best this year, as increasing COVID-19 infections are expected for at least another 2-3 months and the tourism industry will not recover in the fourth quarter as projected.

Hanoi earned 3.118 billion USD from exports in the first quarter of 2021, dropping 1 percent from the same period last year, according to the municipal Department of Industry and Trade.

Vietnam maintained its upwards trend in exports at a time when COVID-19 has ravaged international trade, with year-on-year growth of 4.2 percent posted in the first nine months of 2020, according to the General Statistics Office (GSO).

Inventory has become a common concern of domestic enterprises due to the impact of the COVID-19 pandemic.

Domestic businesses, especially small and medium-sized enterprises (SMEs) need further support from state management agencies to better compete in the context of deep global integration, said Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.

Domestic businesses recorded a 19.9-percent rise in their exports over the first half of 2018, higher than the export growth rate among FDI firms of 14.5 percent, according to the Ministry of Industry and Trade (MoIT).

Prime Minister Nguyen Xuan Phuc has urged trade counsellors to proactively assist domestic businesses by providing information about foreign markets, promoting trade and investment activities, and increasing sale of Vietnamese products abroad.