Purchasing power has rising during the first 10 months of the year and total revenue for goods and services hit 4 quadrillion VND (172.5 billion USD), an 11.8 percent increase compared to the same period last year, according to the General Statistics Office (GSO).
The total retail sales of goods and services of the Central Highlands province of Dak Lak in the first 10 months of this year increased 13.7 percent year-on-year to over 66.3 trillion VND (more than 2.84 billion USD), according to the provincial Department of Statistics.
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.
The Commerce Ministry of Thailand will push three policies to resolve the low price of five agricultural goods, increase cross-border exports and register geographical indication products for sale on e-commerce markets.
Mid-autumn festival is only a couple of days away, so people have been flocking to bakeries for yummy mooncakes, a can’t-miss dish during the festival.
Vietnam’s total revenues for retail trade and services reached an estimated 3.21 quadrillion VND (137.4 billion USD) in the first eight months of 2019, up 11.5 percent year on year, the General Statistics Office (GSO) has announced.
Vietnam’s labour productivity has improved but is still low in comparison with other ASEAN members, according to a report by the Ministry of Planning and Investment.
Vietnamese retail companies are in pole position to seize the lion’s share of the market, especially after some foreign businesses have left the country.
Total retail sales of goods and services in Vietnam in the first seven months of the year rose 11.6 percent from the same period in 2018 to reach 2.8 quadrillion VND (120.36 billion USD).
Only by developing high quality and excellent designs could Vietnamese garment and textile firms boost their exports to Japan, a market that holds strict standards for imported products, according to the insiders.
The Tien Phong Commercial Joint Stock Bank (TPBank) and UnionPay International (UPI) signed a cooperation agreement on inter-bank payment in Vietnam, at a ceremony in Hanoi on July 15.
The Tourism Authority of Thailand (TAT) has revised the tourism marketing promotional plan for 2020 which is focused on foreign tourists with high purchasing power and is aimed at generating 10 percent more revenue.
Thailand’s car sales this year are likely to go up thanks to the improved purchasing power of many people, in line with recent better prices for agricultural products.
The domestic real estate market in the second half of this year is not expected to witness significant changes in price due to stability in supply, according to experts.
A workshop in Ho Chi Minh City on June 21 gave several recommendations to Vietnamese firms to help them capitalise on Middle Eastern and African markets, which are believed to be greatly potential destinations for Vietnamese goods.
More than 300 businesspeople from Italy’s Piedmont region and member countries of ASEAN gathered at a workshop in Turin city on June 17 and 18 to seek business cooperation opportunities.
With an emerging market economy and continued strong growth, Vietnam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company.
Despite the effects of the trade war, the Thai domestic consumption figures, government investments, and the tourism sector still all perform well; resulting in continuous growth of the Thai economy in April.
Vietnam’s retail market will continue to grow strongly this year, with lots of opportunities to develop modern retail systems in rural areas, according to Phan Lan Chi, deputy director of supermarket chain Lan Chi Mart.
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