Franchise is becoming a popular business model in the domestic and international food and beverage (F&B) sector.

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.

Although inflation has been controlled in accordance with the set target, state management agencies and enterprises have stayed vigilant and prepare price stabilisation measures in the remaining months of the year.

VOV.VN - Vietnam joined China, the Republic of Korea, Thailand, Japan, Turkey, India, France, the Philippines, Russia and several other Central Asia countries to showcase products at Food & Drink Malaysia 2024 held in Kuala Lumpur from July 2-4.

Large international retailers including Aeon, Uniqlo, Walmart, Amazon, Safeway, Carrefour, Decathlon, Central Group and Ikea have been visiting Vietnam seeking partnerships in industrial, agricultural and handicrafts products, said industry insiders and officials.

Recently, in addition to improving service quality and restructuring models, retail systems have continuously increased the number of their stores and supermarkets in Vietnam, showing that the domestic retail market still has an ample room for development.

Since the beginning of this year, a diverse range of foreign products have entered the Vietnamese market, with Ho Chi Minh City experiencing a surge across various promotional channels.

VOV.VN - The Vietnam International Sourcing Expo 2024 opened in Ho Chi Minh City on June 6, attracting the participation of nearly 300 reputable distribution channels and importers from around the world in an attempt to seek and establish partnerships with Vietnamese suppliers.

The capital city of Hanoi experienced a robust economic upswing in January-May, with positive growth across trade, services and tourism sectors.

Vietnam’s total retail sales of consumer goods and services during January-May increased 8.7% year-on-year to top VND2.58 quadrillion (US$101.3 billion), according to the General Statistics Office (GSO).