The Ministry of Industry and Trade has called for concerted solutions to maintain market stability, remove difficulties facing domestic firms, and increase the total retail sales of goods and services.

Despite a raft of difficulties facing Vietnam’s retail market, economists and insiders are still optimistic about the outlook for the sector in the time ahead, according to the Vietnam Report JSC.

VOV.VN - With the COVID-19 pandemic causing plenty of difficulties for production and business activities and the added value of the industrial sector in Q1 set to endure a slight fall, the Ministry of Industry and Trade (MoIT) is striving to help the sector achieve a growth rate of 9.45% and export growth of up to 5%.

The Vietnam Dairy Products JSC – Vinamilk (VNM), the largest dairy company in Vietnam, posted a gain in revenue and profit in the fourth quarter of last year and the whole of 2020 despite disruptions due to COVID-19.

HCM City’s economy saw a variety of bright spots in the opening month of 2021 despite the ongoing complex developments of the COVID-19 pandemic.

Total retail sales of goods and revenue from consumer services in January are estimated at VND479.9 trillion (nearly US$20.77 billion), up 3.7% month-on-month and 6.4% year-on-year, according to the General Statistics Office (GSO).

The low sale volume was due to difficult economic conditions that forced customers to tighten spending.

The sales of motorbikes decreased sharply in 2020. After 30 years of continued growth, the motorbike market has become saturated.

Deeper integration into the global value chain while developing an increasingly independent and self-controlled economy are both a requirement and a solution to help Vietnam overcome the challenges to realise its goal of rapid and sustainable development, according to Party Central Committee and Minister of Industry and Trade Tran Tuan Anh.

VOV.VN - An e-commerce platform showcasing high-quality local goods made its debut in Ho Chi Minh City on January 21 with the aim of helping businesses in the Vietnamese High Quality Goods Business Association seek co-operative opportunities online.