Thanks to an expected upturn in retail demand between now and the end of the year, the total revenue for 2021 is expected to have grown by 3-4 percent, as compared to the previous year.
Hanoi (VNA) – Vietnam’s consumer price index (CPI) in May was up 0.16 percent against April and 2.9 percent from last year, reported the General Statistics Office (GSO) on May 29.
Retailers in Ho Chi Minh City have reported rising purchasing power for household appliances during the “National Sales Promotion Month 2020” from July 1 to 31.
The 2019 Vietnam Furniture and Home Furnishing Fair (VIFA Home 2019) will be held in HCM City from November 28 to December 1 to promote locally made wooden furniture, home decor and handicrafts.
Vietnam’s total revenue from retail trade and services in the first nine months of this year reached 3.6 quadrillion VND (around 155.3 billion USD), 11.6 percent over the same period last year.
Vietnam’s total retail sales of goods and services in the first five months of 2019 increased 11.6 percent year-on-year to 19.8 quadrillion (almost 85 billion USD), according to the General Statistics Office (GSO).
As many as 118 businesses across the country and from Laos and Thailand are showcasing their latest products and technologies in industrial production and processing at the Quang Binh international trade fair 2019, which opened in the central coastal province on May 30.
Goods and services trading continued its upward trend in the January-April period with the retail sale value increasing at the highest rate since 2015.
Ninety five Vietnamese and foreign companies are showcasing their products at the ninth Vietnam Furniture and Furnishing Fair (VIFA Home) that opened in HCM City on November 16.
VIETBUILD Home, the annual exhibition on housing, home decoration and household appliances, will be held in Ho Chi Minh City from December 14-18 when people shop for the New Year holidays.
Improving the quality of domestically-produced goods is critical for Vietnam to compete with imported products from and narrow the trade deficit with Thailand, according to the Ministry of Industry and Trade (MoIT).
A Khong (Zero) Dong shop that offers donated clothing and household appliances, most of them new and some of them secondhand, is seeing a brisk business in the Mekong Delta province of An Giang.
Ho Chi Minh City’s November consumer price index (CPI) increased 0.1 percent over the previous month and even declined by 0.45 percent from the same period last year, the local statistics office said.
Vietnamese household appliance producer Kangaroo Group plans to make strong investment in Indonesia as this is a potential market with increasing demands for top-quality commodities.
A programme was held in Ho Chi Minh City on November 13 to help Japanese small- and medium-sized enterprises (SMEs) study the household commodities market in Asia and Vietnam in particular.
Vietnamese household-appliance companies are concerned that
ASEAN-imported products will dominate the local market, especially in
traditional markets and supermarkets, in the near future.