Prime Minister Pham Minh Chinh has signed an official dispatch on strengthening measures to stimulate domestic consumption, towards achieving the national economic growth target of over 8% in 2025 amid slowing global trade and investment and rising risks affecting national socio-economic development.

VOV.VN - As global demand for Vietnam’s textile and footwear exports becomes increasingly volatile, the domestic market is seen as a major opportunity if it is fully tapped, said industry insiders at a conference held in Ho Chi Minh City on August 22.

VOV.VN - Vietnamese seafood enterprises are being encouraged to move away from viewing the domestic market as merely a backup for exports and instead invest in consumer research, packaging, branding, and modern distribution to unlock the full potential of the country’s 100-million-strong market.

Vietnam's domestic market still holds significant untapped potential, and stimulating domestic consumption is a vital strategy to drive economic growth in the near future, according to economic experts.

Prime Minister Pham Minh Chinh on November 26 ordered the continuation of developing the domestic market and boosting consumption in the remainder of the year.

VOV.VN - The Ministry of Finance and the Ministry of Industry and Trade decided to hike retail petrol and oil prices as of 3p.m. on September 26.

The Ministry of Finance (MoF) said on June 5 that in the first five months of 2024, domestic market prices were basically stable, with market developments in line with the price management scenario set by the Prime Minister’s Steering Committee for Price Management.

VOV.VN - As part of efforts to promote economic growth during the remaining quarters of the year, localities and businesses must maintain many solutions in a bid to stimulate consumption demand in order to connect and expand domestic consumption.

VOV.VN - A drastic upswing in goods consumption without any shortage or price hikes during the Lunar New Year, known locally as Tet, can be considered as added leverage to the growth of the domestic market this year.

The forecast for 2024 indicates that consumer demand will continue to be a primary contributor to Vietnam's economic growth, in addition to the ripple effects of public investment and exports.