The implementation of the “Vietnamese use made-in-Vietnam goods” campaign is a right policy that needs to be stepped up to boost the domestic market in the long run.
The recent launch of motorbike models with high-engine displacement has attracted the Vietnamese and stirred the domestic market, even though import prices are 2-3 times higher than world prices.
The steel industry is likely to enjoy 10-12% growth next year, said the Vietnam Steel Association (VSA) at a workshop in HCM City last week.
Vietnam National Tea Corporation (Vinatea) announced that Vietnam will be its next priority after years of exports.
Consumption of wood products in the domestic market is expected to increase by more than 10% this year from last year’s figure of US$1.3 billion, according to the Handicraft and Wood Industry Association of Ho Chi Minh City (Hawa).
VOV.VN - The message “Vietnamese people prioritize Vietnamese products” has, for the first time, been delivered to millions of consumers via media channels thanks to the program “Proud of Vietnamese products 2016”, which concluded in Hanoi on November 6.
Industry insiders are concerned the cement industry will find it hard to meet the target of selling 75-77 million tonnes of cement this year due to market difficulties.
Genetically-modified (GM) maize can benefit the national economy greatly and aid environmental protection, according to Tran Xuan Dinh, deputy head of Vietnam’s Department of Crop Production.
Vietnamese agricultural enterprises are losing opportunities to export food, facing big challenges in the domestic market because of imports.
A pilot auction for sugar import quotas was proposed to help curb soaring prices in the domestic market, amid the elevated demand.
VOV.VN -Many large exporters of seafood and other actors in the marine fish and aquaculture segments of the economy have begun to shift their focus away from the developed markets of the globe back to the domestic market.
Automobile companies have seen profits down since the beginning of this year despite robust car sales in the domestic market.
Vietnam has a huge domestic market for instant noodles with sales of nearly VND20 trillion (US$888.9million) per year.
VOV.VN - Foreign retailers are turning to the Vietnamese retail market, either investing directly or merging with or acquiring Vietnamese businesses and putting great pressure on domestic companies.
Vietnam’s giant software FPT earned revenue of VND8.56 trillion (US$384.4 million) in the first quarter of this year, exceeding its target.
Cement manufacturer LafargeHolcim Group, a joint venture between Swiss Holcim Ltd. and French Lafarge Group, may withdraw from Vietnam due to the oversupply of cement in the domestic market.
Local rice exporters have offered a higher export price due to price rise in the domestic market, thereby losing the advantage in the competitive world market, said experts.
Gold prices dropped in the domestic market on February 22.
The 90 million strong domestic market holds the potential for the garment and textile sector to increase its revenue.
The domestic market will continue to thrive in 2016, Director of the Ministry of Industry and Trade’s Domestic Market Department Vo Van Quyen has said.