VOV.VN - Economic experts have warned that heavily reduced purchasing power, in addition to numerous difficulties faced in production and business activities, are likely to have a serious impact on the overall state of the enterprise system.
Purchasing power has rising during the first 10 months of the year and total revenue for goods and services hit 4 quadrillion VND (172.5 billion USD), an 11.8 percent increase compared to the same period last year, according to the General Statistics Office (GSO).
Industry and trade departments in Hanoi and HCM City are planning to spend VND28.5 trillion and VND18.4 billion, respectively, to prepare goods for the Tet (Lunar New Year) 2019 festival.
Rice export achieved remarkable results in the first eight months of 2018 relying upon the improved purchasing power of the world market.
Vietnam’s growing retail service revenue and a big number of newly-established enterprises in the sector mirror the uptrend in local purchasing power and retail stores.
The purchasing power in the total national retail value of goods and services until April 2018 reached nearly 1.40 trillion VND (61.4 million USD), the General Statistics Office (GSO) reported.
The fast-moving consumer goods (FMCG) market is expected to see good expansion towards the end of this year thanks to stronger purchasing power in both urban and rural areas, experts said.
VOV.VN-The Ministry of Industry and Trade has issued a Decree introducing solutions to secure market stability during the traditional lunar New Year.
The price of crocodiles raised for their skin on Vietnamese farms has been plummeting amid China’s economic slowdown, forcing farmers to lower prices, close farms, or sell their products at a loss.
The total national retail value of goods and services in August reached nearly VND292.8 trillion (US$13 billion), with purchasing power declining 0.3% against July.
Rents of hundreds of millions of dong a month have forced many coffee chains to leave the market.
The purchasing power in the total national retail value of goods and services until April 2016 reached nearly VND1.14 trillion, the General Statistics Office (GSO) reported.
Individual shopping mall vendors in across Ho Chi Minh City have been leaving, due to continuously rising costs and weak sales.
The national retail value of goods and services in the first two months of this year experienced the same growth rate as last year.
The retail sales of goods and services saw a surge in supermarkets and trade centres across the country during the New Year holiday from December 31 to January 3.
Vietnam’s poverty rate is expected to continue to drop over the next few years.
The country's total retail sales and services revenue reached US$110 billion, rising 9.8% over the same period last year, or 9.1%, if inflation is excluded.
Vietnam's labor productivity has managed to narrow its gaps with other Southeast Asian countries, but it will be decades long before the country can catch up with them, the Ministry of Planning and Investment said.
The Ministry of Agriculture and Rural Development aims to address difficulties facing agro-fishery-forestry production in a bid to boost export.
The purchasing power of Vietnam posted a four-year high in the first half of this year due to low inflation.