VOV.VN - Several important economic policies are taking effect this year, directly impacting individuals and businesses.

Vietnam's total retail sales of consumer goods and services reached VND6.39 quadrillion (US$251.87 billion) in 2024, marking a year-on-year increase of 9%, according to the General Statistics Office (GSO).

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.

VOV.VN - The Ministry of Industry and Trade launched Vietnam Online Friday 2024 on November 29 evening aimed at boosting e-commerce and providing consumers with the opportunity to purchase quality products at discounted prices.

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.

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.

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 - Extending economic policies, finding fresh directions for exports, and promoting domestic consumption are the solutions that exist for the nation to overcome "headwinds", according to information given by economic experts.

VOV.VN - Vietnam Grand Sale 2023 will be launched nationwide from December 4, 2023 to January 10, 2024 in an effort to stimulate greater consumer demand and boost production, further contributing to the country’s economic recovery, a press briefing heard in Hanoi on November 29.

VOV.VN - Vietnam maintained a positive trade balance of US$3 billion in October, raising the country’s total trade surplus during January – October 2023 to more than US$24.6 billion, the highest in five years.