Following two years of low sales during Tet (the Lunar New Year), things are expected to look up for the fast moving consumer goods industry this time around since the Vietnamese economy has recovered and consumers have a positive outlook on economic prospects, according to market research company Kantar Worldpanel Vietnam.
VOV.VN - A wide range of Vietnamese products have been put on display at the 56th Hong Kong (China) Consumer Goods Fair which is running from December 9 to January 1, 2023.
The consumption of Vietnamese goods has been on the rise, with over 90% of consumers prioritising products made in the country, statistics show.
Consumer prices have been slightly rising in the last quarter of this year because of the increasing demand ahead of the Tet (Lunar New Year) holiday.
Vietnam raked in US$515 million from exporting shrimp products to Japan in the first nine months of 2022, posting a year-on-year increase of 24%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
VOV.VN - Prime Minister Pham Minh Chinh urged all sectors and localities to drastically and synchronously implement tasks and solutions aimed at fulfilling all targets set for this year, while chairing a regular monthly cabinet meeting on December 1 in Hanoi.
More than 90% of consumers said that they prioritise made-in-Vietnam commodities when making a decision on the purchase of anything, according to the steering committee for the Ministry of Industry and Trade (MoIT)’s “Vietnamese people prioritise made-in-Vietnam products” campaign.
VOV.VN - Vietnam recorded a trade surplus of US$10.6 billion during the past 11 months of the year, while the consumer price index (CPI) recorded annual growth of 3.02%, according to the socio-economic report published on November 29 by the General Statistics Office.
VOV.VN - The number of Japanese restaurants across the country has enjoyed strong growth in terms of scale and number, particularly in Ho Chi Minh City.
The packaging industry is expected to grow at 12.3% a year until next year, according to the Vietnam Packaging Association.