Domestic market

On the morning of May 11, the Ministry of Agriculture and Rural Development coordinated with the People's Committee of Tay Ninh province to organize a "Conference to develop safety and desease-free livestock husbandry chains and areas" in Tay Ninh province, the Conference was co-chaired by the leader of the Ministry of Agriculture and Rural Development and the leader of the Provincial People's Committee of Tay Ninh.

More than 1,000 agricultural and specialty products from over 20 provinces and cities across the country are being exhibited at Gigamall in HCM City’s Thu Duc city as part of the Regional Agricultural and Specialty Product Festival.

Thai Nguyen city held a trade fair on March 25-26 to introduce and promote the consumption of agricultural products produced by women in ethnic and mountainous areas in Thai Nguyen province.

The Trade and Investment Queensland - Vietnam Office (TIQ Vietnam) together with the Meat and Livestock Australia (MLA) successfully organized two Queensland Red Meat Conferences in Ho Chi Minh City and Hanoi.

(VEN) - The recently announced major investment in Vietnam by retail giant Central Retail Corporation (CRC) reflects the market's attractiveness and growth potential in 2023.

Measures have been taken to boost domestic trade to maintain an 8-9% growth rate per year, according to the Ministry of Industry and Trade (MoIT).

The market research company Ipsos published a report assessing the meat consumption and livestock market in Việt Nam on Wednesday.

With the decline of motorbikes, commuters have no choice but to rely on bicycles for short-distance travel, which is good news for bicycle sellers.

(VEN) - The value of Vietnam's e-commerce market is expected to reach US$40 billion by 2027, representing growth of 28 percent - the highest expansion rate in Southeast Asia, according to the conclusion of Meta and Bain & Company's annual SYNC Southeast Asia study on the digital economy and the future of e-commerce in the region.

The scale of the domestic retail market is expected to increase from 142 billion USD at present to 350 billion USD by 2025, contributing 59 per cent of the national GDP, according to the Ministry of Industry and Trade (MoIT).

(VEN) - Representatives of foreign organizations and diplomatic missions praise the Vietnamese Government’s efforts to promote economic recovery and development in 2022 and expect Vietnam will continue bouncing back in 2023.

(VEN) - Prioritizing the use of each other’s goods and services has helped many businesses save costs, source raw materials and build a sustainable chain of Vietnamese goods.

(VEN) - The Thai Central Retail chain has announced plans to invest an additional VND20 trillion in its Go! and Tops Market stores in Vietnam. The decision is aimed at increasing sales to VND65 trillion in the 2022-2026 period and expanding its point-of-sale network from 40 provinces and cities to 55.

(VEN) - Developing agricultural production into a market-oriented economy with sustainable markets is vital for the Mekong Delta’s socioeconomic progress.

(VEN) - In the context of Covid-19 complications, the domestic market became a driving force of economic growth
in 2021.

(VEN) - Severely affected by the Covid-19 pandemic, textile and garment exports in 2020 are likely to decrease 30-40 percent compared to last year. Manufacturers in this sector are being advised to shift some development to the domestic market and increase product diversification if they are to maintain growth and create jobs.

(VEN) - With a population of almost 100 million, Vietnam is a large, potential market for domestic manufacturers, especially in the context of the expanding Covid-19 pandemic.