The Vietnam Automobile Manufacturers Association (VAMA) reported on May 9 that up to 21,123 vehicles were sold in the domestic market in April.
Domestic cement consumption fell in March, while cement exports had growth against the same period last year, according to the Ministry of Construction.
Vietnam’s fruit and vegetable exports are expected to top US$4.5 billion by 2020, with fruits accounting for US$3.6 billion, according to the Crop Production Department.
Sugar prices in domestic market have fallen so sharply that sugar mills and sugarcane farmers in the Cuu Long (Mekong) Delta are facing difficulties.
Importing Australian cows to fatten and slaughter domestically was once a profitable business, but has changed dramatically in recent years.
Vietnamese goods are dominating the domestic market in recent days, thanks to reasonable prices and improved quality.
Vietnamese businesses say copycats from China are costing them hundreds of thousands of dollars each year.
The Vietnam Furniture and Home Furnishing Fair (VIFA Home 2017) will return to HCM City this month, promoting locally-made wooden furniture, home decor and handicraft products in the domestic market.
The Ministry of Planning and Investment has proposed export tax cuts on cement while local producers are struggling with high stockpiles as supply has exceeded demand in the domestic market.
The Ministry of Industry and Trade on July 6 worked with petrol wholesalers on the roadmap to replace RON 92 petrol with E5 bio-fuel from 2018.
Although Vietnam’s livestock industry is thriving, its export potential has yet to be tapped. Most of the country’s livestock products only serve domestic markets.
The Vietnam Dairy Products Joint-Stock Company (Vinamilk) projects a total revenue of VND51 trillion (US$2.26 billion) in 2017, an increase of 8 percent from the previous year.
VOV.VN -The Vietnam fresh fruit segment is brimming with untapped potential for production and export, says the Vietnam Vegetable and Fruit Association, but has lost the domestic market over food safety concerns.
Vietnam is a large cosmetics market with turnover of US$1.1 billion last year, but there is now little room for Vietnamese manufacturers.
A MOIT report shows that after the last seven years of the ‘Buy Vietnamese’ campaign, 92% of consumers now have interest in domestically made products, and 63% of consumers are choosing Vietnamese goods instead of imports of the same kinds available in the market.
Steel prices will remain stable on the domestic market this month but are expected to increase slightly soon, according to the Ministry of Industry and Trade.
The Vietnam Steel Corporation (VnSteel) aims to earn consolidated revenue of VND18.8 trillion in 2017, an increase of VND800 billion from 2016.
VOV.VN - Organics, is one of the fastest-growing categories in food sales in Vietnam and one for which the TH True Milk Group has plans to become a major player.
Many large and unexpected merger and acquisition (M&A) deals were made in 2016, with retail and real estate continuing to dominate the domestic market.
Sugar producers, distributors and consumers discussed production and consumption in 2015-16 and forecasts for the next season at a seminar in HCM City on December 29.