While normally a positive time for car sales, this year the domestic automobile market is seeing gloomy days as Tet approaches, according to local car experts.

The 11-month state budget revenue is estimated at nearly VND1.64 quadrillion (US$67 billion), equivalent to 116.1% of the target and up 17.4% from a year earlier, the Ministry of Finance (MoF) announced on December 1.

VOV.VN - Many fashion outlets are offering major discounts on goods as part of Black Friday sales, the biggest promotional event of the year, although this year there appears to be very few customers taking advantage of the deals.

Vietnam’s automotive market is expected to see car sales rise during the holiday season, as the industry continues to recover after sluggish sales during the global pandemic, according to experts.

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT) launched a national promotion month - Vietnam Grand Sale 2022 - in Hanoi on November 15.

Cellphone S, FPT Shop, Shop Dunk and Di Dong Viet are rushing to open new stores in the year-end sale season.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 33,463 vehicles of all kinds in September, representing a month-on-month rise of 8.5%.

VOV.VN - A Vietnamese private business named Ho Quang Tri that specializes in rice, corn and other cereal grains, recently signed a contract with EUTEK Group Ltd of the UK to exclusively distribute the ST25 rice in the UK market.

VOV.VN - The General Statistics Office (GSO) reports that Vietnam’s economy in the first eight months of this year has gradually regained the growth rate it enjoyed before the pandemic.

Vietnam’s economic recovery will be stronger in the second half of 2022, particularly as the country resumed its tourism activities after a two-year closure, according to Standard Chartered’s latest Vietnam report.