Tag: consumption
PM orders measures to boost domestic market
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.
Vietnam spends over US$1 billion on meat imports over eight months
VOV.VN - Vietnam’s import value of meat and meat products was worth US$1.08 billion during the first eight months of the year, representing an annual surge of 20.3%, according to the General Department of Vietnam Customs.
Vietnamese consumer goods makers pay more attention to green production
Most of Vietnamese businesses have acknowledged the importance of sustainable production to their competitiveness and long-term development in the context of the growing green consumption trend.
Difficulties in maintaining domestic consumption this year: surveys
Domestic consumption is likely to lose steam as consumers face uncertainties, along with changes to shopping trends. Meanwhile, businesses have reported it's increasingly difficult to maintain purchasing power and reduce inventory buildup, said industry insiders and economists.
HCM City spares no efforts to further promote economic growth
VOV.VN - The first half of the year witnessed Vietnam's economic growth recover, especially that of Ho Chi Minh City, despite being affected by difficulties, risks of instability in the global economy, challenges in terms of capital, issues in consumption markets, and policies that impacted the running of firms.
National Assembly approves zero tolerance policy for drink driving
VOV.VN - The National Assembly has decided to impose an absolute ban on alcohol consumption for drivers (zero tolerance policy) after approving the Law on Road Traffic Order and Safety in Hanoi on June 27.
VAT reduction of 2% for some goods and services expected to continue
The Ministry of Justice held a meeting to appraise the draft resolution of the National Assembly on VAT reduction, which was chaired by Deputy Minister Tran Tien Dung.
Enterprises urged to grasp Thai consumers’ taste to boost exports
The Ministry of Industry and Trade (MoIT) has suggested Vietnamese enterprises further learn about Thai consumers’ taste and the country’s regulations and technical standards to boost exports to this market.
Vietnam ranks fourth in world instant noodle consumption
VOV.VN - The country is the world's fourth-largest consumer of instant noodles, purchasing roughly 8.1 billion packets throughout 2023, according to the latest report outlined by the World Instant Noodles Association (WINA).
Government proposes extending VAT cut until year end
The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.