The agriculture sector and localities need to find prompt solutions for sustainable development in durian cultivation and consumption, according to Minister of Agriculture and Rural Development Le Minh Hoan.
Vietnam has a domestic market of 100 million people with an increasing income. If businesses manage to meet local consumer demand, they will gain the ability to weather the impact of adverse external factors.
The trend of sustainable consumption, with environmentally friendly products, has received increasing attention in Vietnam and created an influence on the production and distribution system.
Foreign direct investment (FDI) attraction, consumption, and tourism are considered silver linings in Vietnam’s economic growth in the coming months of this year, insiders said.
Vietnam’s economic growth is projected to be still positive in the short term, according to the London-based audit service supplier PricewaterhouseCoopers (PwC).
The Tourism Authority of Thailand (TAT) is still positive on the growth of domestic tourism in the country to reach 200 million trips this year despite tepid consumption.
As of August 1, Vietnam's 5% broken rice price was offered at 590 USD per tonne, the highest level in 11 years, an increase of about 80 USD compared to the previous month and 35 USD lower than that of Thailand.
Sustainable production and consumption is a practical trend for socioeconomic development. In this process, businesses and consumers are two important factors that have close interactions and relationships with each other.
Facing the impacts of climate change, raising people's awareness about recycling, and giving priority to environmentally friendly products using renewable energy must be prioritised by companies across Vietnam.
Thailand's finance ministry has lowered the country's economic growth projection for 2023 to 3.5 % from the previous forecast of 3.6% despite a strong recovery in tourism.
Exports of cement and clinker products reached 14 million tonnes in the first six months of this year, a year-on-year decline of 15%. Export value is estimated at 700 million USD.
It’s a big challenge for the economy to reach this year’s GDP growth target of 6.5%, and economic expansion is hoped to be boosted by some important demand factors in the second half of 2023, experts have said.
Given the prolonged difficulties for Vietnam’s export market, investment and consumption could use a boost to help Vietnam reach this year’s growth target.
The impacts of the imposition or increases of special consumption tax on several products must be studied carefully to ensure State budget revenue and the development of production and business, experts said.
The People's Committee of the south-central province of Binh Thuan is seeking ways to facilitate the sustainable development of its dragon fruit production chain.
The index of industrial production (IIP) in the first half of 2023 grew by only 0.44% compared to the same period last year due to decreasing orders, falling demand and rising input costs, according to the General Statistics Office (GSO).
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