Vietnamnet
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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.
Though appreciating Japanese support to Vietnam’s industries, economists say that Japanese automobile manufacturers’ claims for investment incentives are unreasonable.
The Ministry of Industry and Trade (MOIT) and the Ministry of Agriculture and Rural Development (MARD) are working with Indian counterparts on the removal of the country’s ban on imports of six agro-products from Vietnam.
Ninety-six percent of Vietnam’s enterprises are small businesses, with the majority having 10 workers or less. Only 2% of enterprises are large in size, while another 2% are medium size.
While foreign travel firms are promoting Vietnam through the new film ‘Kong: Skull Island", domestic firms have yet to take action.
A survey found that only 32 percent of businesses have confidence in the competitiveness of their products, while others are worried about the increased presence of foreign goods.
Nike and Adidas are willing to pay 10%-17% of their profits for their marketing campaigns. Will Vietnamese businesses do the same?
A Google representative said that in the near future, Vietnam’s e-commerce performance will be ‘mobile only’.
While Vietnam’s fruits are popular among choosy consumers in the US, Japan, the Republic of Korea and New Zealand, the products have to struggle to cement their positions in the domestic market.
About 50 dollar millionaires in Vietnam earn billions of dong a month via Facebook, according to a Facebook representative. However, the taxation body said it cannot collect taxes from these sellers.