VOV.VN - The purchasing power of Vietnamese consumers during the lunar New Year (Tet) holiday 2024 has decreased considerably as people tightened their belts, according to the Ministry of Finance.

A surge in consumer demand, particularly after the Kitchen God's Day, has recorded through Hanoi, with a notable uptick ranging from 20-30%, reported a working delegation of the Ministry of Industry and Trade and the municipal People’s Committee following their inspection on February 5.

Although the average consumer price index (CPI) in 2023 increased by only 3.25% year-on-year and the January figure went up 0.31% over the previous month, meaning that inflation is under control, it is necessary for Vietnam to be vigilant against inflation, according to the Investment Review.

VOV.VN - Vietnam is the second largest exporter of footwear in the world, with its estimated export volume accounting for 10% of the world’s market share.

Thirty-two enterprises in various areas including building materials, consumer goods, garment and textile, food and services received the Ho Chi Minh City Golden Brand Award from the municipal People’s Committee on January 14 for the outstanding achievements they have carved out to develop brands for products and services.

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.

VinFast, Vietnam's leading electric vehicle manufacturer, unveiled its new electric vehicle concept - the VF Wild - at the Consumer Electronics Show in Las Vegas (CES 2024) on January 9.

VOV.VN - The United States is Vietnam’s largest consumer of pepper, making up more than one fifth of the supplier’s total exports, according to the General Department of Customs.

VOV.VN - Cathay United Bank of Taiwan (China) has unveiled a strategic business plan aimed at expansion into the consumer finance sector in the Vietnamese market.

Economists at a workshop in Hanoi on January 4 shared the view that despite a host of difficulties forecast for 2024, inflation would not be a big issue for Vietnam in the year.