The purchasing power in the domestic market is expected to increase by between 15-20 percent from now until the 2021 Tet (Lunar New Year), with food products seeing the strongest rise.
More rice farmers in the Mekong Delta province of Dong Thap have switched to growing high-quality rice varieties, which sell well and offer high profits.
The domestic market is billed as a fulcrum for local enterprises which are facing formidable challenges as the development of the COVID-19 pandemic has had serious impacts on export markets, with postponed or cancelled orders, according to Deputy Minister of Industry and Trade Do Thang Hai.
Retailers have prepared goods to ensure adequate supply in all circumstances and have continued measures to safeguard the health of customers and staff amid new cases of COVID-19 that have occurred via community transmission.
An event took place in Hanoi on June 9 to help promote the domestic consumption of tra fish products, a major foreign currency earner that has been hit hard by impact of the COVID-19 outbreak.
Vietnam’s retail sector has actively adapted to better serve the rising number of customers now shopping online more often due to the COVID-19 pandemic.
Prime Minister Nguyen Xuan Phuc asked for specific mechanisms and measures to remove the difficulties facing many sectors and parts of the society from the ongoing COVID-19 pandemic when he chaired a meeting in Hanoi on April 8.
Ho Chi Minh City’s Department of Industry and Trade has coordinated with other government agencies, business groups and districts in the city to ensure supply of essential goods at stable prices amid the COVID-19 outbreak.
The COVID-19 outbreak has hit fast-moving consumer goods (FMCG) businesses but not all categories and retailers will suffer negative impacts, according to global data and consulting company Kantar Worldpanel.
Tuna-fishing boats in the central province of Khanh Hoa are busy with the ongoing season, as a vessel can earn nearly 100 million VND (4,300 USD) per trip, Dan Viet online newspaper reports.
The Ministry of Industry and Trade (MoIT) has assured local consumers that there are sufficient supplies of essential goods at stable prices, following panic buying sparked by the COVID-19 outbreak.
Supermarkets in HCM City have worked with suppliers to ensure there is sufficient supply of goods at steady prices for the next two to three months, diminishing public fear of shortages.
For almost one month, the acute respiratory disease caused by the novel coronavirus (COVID-19) has become the hottest keyword on all forums, as well as in all socio-economic aspects with a lot of "worrying" forecasts. The real estate sector, especially resort property, is among the most affected.
HCM City will continue to work with southwestern cities and provinces to ensure an adequate supply of goods at stable prices, according to the city Department of Industry and Trade.
The national pork output in 2019 stood at 3.3 million tons, 13.8 percent lower than that in 2018. The short supply affected the price and pushed the common CPI to rise by 0.83 percent.
The Ho Chi Minh City Department of Industry and Trade is targeting 7.6 percent growth in industrial production and 12 percent growth in retail sales of goods and services in 2020.
Supplies of poultry and pork products are expected to be sufficient in HCM City during the upcoming Lunar New Year (Tet) holiday, which falls on January 25.
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