The first quarter of 2023 saw a decline of 2.2% in the Index of Industrial Production (IIP) compared to the same period last year, due to the impact of the world economy's challenges on domestic production and business, according to the General Statistics Office (GSO).

A workshop held in Ho Chi Minh City on April 5 provided Vietnamese businesses with updates about consumption trends and export standards in Thailand so as to help capitalise on the biggest trading partner of Vietnam in ASEAN.

VOV.VN - Vietnam requires a timely response to maintain its export market in the face of fluctuations occurring in the global economy, high inflation hitting many countries, and the increase in trade protectionism from importing countries leading to many difficulties for the nation's production and exports.

Although Vietnam always eyes to attract investors from US and Europe, intra-ASEAN investors are so important to the country, especially since foreign direct investment (FDI) is slowing down globally due to the COVID-19 pandemic’s impacts and geopolitical conflicts.

Domestic tuna exporters are targeting promising small markets to get out of current difficulties amid economic fluctuations in big importing countries.

VOV.VN - Vietnam has overtaken the Philippines to become the fourth largest automobile consumption market in Southeast Asia, behind only Thailand, Indonesia, and Malaysia, according to the Ministry of Industry and Trade.

The Ministry of Finance has proposed to increase the special consumption tax (SCT) on a number of items harmful to health including tobacco, beer, and alcoholic products to limit imports, production and consumption.

Tam Ky city, the central province of Quang Nam, has initiated a comprehensive effort to eradicate wildlife meat consumption in the region.

Ho Chi Minh City recorded a year-on-year rise of 5.7% in total retail sales of goods and consumer service revenue in January, according to its Department of Industry and Trade.

With the trend of green consumption, the demand for wood pallets will continue to rise in the future, experts said.