Speaking of post COVID-19 economic recovery, since Thai government’s new economic team took office, a survey by Suan Dusit Poll reveals that many people want the government to create more jobs, shore up prices of agricultural products and stimulate domestic consumption.
Nearly 45 million Vietnamese people now access online shopping, a forum on domestic consumption trends on August 20 in Hanoi heard.
VOV.VN - Prime Minister Nguyen Xuan Phuc has signed a night-time economy development scheme, permitting services to operate overnight until 6am of the following day.
Higher rice supply in the domestic market has made the export price of Vietnam’s broken rice drop to US$450 per tonne on June 19, the lowest level in the past two months.
VOV.VN - Local police operating in the north-central province of Thanh Hoa successfully apprehended a group of drug traffickers attempting to illegally transport 22,000 methamphetamine pills into the country from neighbouring Laos.
Japanese daily Nihon Keizai ran an article on May 20 saying that the EU-Vietnam Free Trade Agreement (EVFTA), to be ratified by Vietnam’s legislature shortly, will benefit not only the two signatories but also businesses from other countries.
The Vietnam Industry Research and Consultancy (VIRAC) forecasts that the dairy industry prospect in 2020 will continue to grow at a high level, increase investment capital in dairy farms to reduce dependence on imported milk and to meet the needs of people’s domestic consumption.
The Ministry of Industry and Trade (MoIT) will continue to strictly manage rice exports through international border gates, said an official.
VOV.VN - The Asian Development Bank (ADB) released its Asian Development Outlook 2020 on April 3, outlining in their analysis that the Vietnamese economy remains one of the fastest growing in all of Asia, despite enduring a sharp slowdown as a result of the novel coronavirus (COVID-19) pandemic.
Domestic consumption continued to grow in five months of this year thanks to abundant supply, said the Ministry of Industry and Trade (MoIT)’s Domestic Market Department.
The escalating US-China trade war has affected many other countries, including Vietnam, said Prof. Liu Ying of the Chongyang Institute for Financial Studies under the Renmin University of China.
Businesses should pay more attention to bolster consumption of aquatic products in the domestic market as it holds great potential, said Nguyen Quoc Toan, acting head of the Agro Processing and Market Development Authority, on October 8.
Three years after beginning a pilot programme to buy solar power at VND2,000 (8.7 US cents) per kWh generated in homes and offices, Ho Chi Minh City has signed up 290 consumers.
Domestic consumption of steel in June dropped 14.9%compared to May to 1,794,193 tonnes and production output also fell 1.25% month on month to 2,058,445 tonnes, according to the Vietnam Steel Association.
The construction of a sheep wool factory kicked off at the Phat Chi industrial complex in Da Lat city of the Central Highlands province of Lam Dong on June 15.
The Mekong Delta province of Tien Giang expects to have 730 newly-established enterprises in 2018 with total registered capital of VND3,196 billion (US$140.8 million), year-on-year rises of 9.3% and 9.1%, respectively.
HortEx Vietnam 2018 - the first International Exhibition & Conference for Horticultural and Floricultural Production and Processing Technology in Vietnam, opened at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City on March 14.
Vietnam will narrow down its coffee plantation areas and focus more on improving coffee product structure in a bid to create high-quality beans with higher productivity.
Expected to account for 33% of Vietnam’s population by 2020, the middle class is a major contributor to the country’s development, according to Phung Duc Tung, head of the Mekong Development Institute.
Vietnam has kicked off the Year of the Dog with major investment deals in private equity, showing investors’ confidence in the fast-growing sector.