Vietnam should prioritise domestic market: experts

In the context of instability in the world, Vietnam needs to develop its domestic market with the "Vietnamese people giving priority to using Vietnamese products" campaign.
Vietnam should prioritise domestic market: experts ảnh 1The Vietnamese business community was recommended to actively participate in the "Vietnamese people give priority to using Vietnamese goods" campaign to develop the domestic market. (Photo: daidoanket.vn)
Hanoi (VNA) - In the context of instability in the world, Vietnam needs to developits domestic market with the "Vietnamese people giving priority to usingVietnamese products" campaign.

So said Vice Presidentof the Vietnam Fatherland Front Central Committee Truong Thi Ngoc Anh said atthe workshop promoting growth and efficiency in implementing the"Vietnamese people give priority to using Vietnamese products"campaign, which was held on April 22 in Hanoi.

At theworkshop, Anh said in 2021, six groups of tasks and solutions were carried outaccording to the Party Central Committee's Directive 03 on promoting theimplementation of the campaign, to enhance production and business, ensuringmacro-economic stability and social security.

However,COVID-19 had not yet ended completely, meaning supply chains, trade activities,production and business activities still faced many difficulties.

Instability inthe world economic and political situation had also affected the country'seconomic recovery after the pandemic.

As a result,the Vietnamese business community needed to actively participate in thecampaign to develop the domestic market, Anh said.

“One of thebasic solutions in developing the domestic market is to create a chainconnecting supply and demand. This is also one of the important solutions toremove difficulties for production and business activities, and form supplychains from production to consumption for enterprises," Anh said.

"Thechains will help recover the domestic economy and reach growth goals asforecast, contributing to the efficient implementation of the campaign in thenew situation," she added.

According to Prof.Dr. Vo Dai Luoc, former Director of the World Economic Institute, the campaignhas had a great effect on the Vietnamese business community, especially privatebusinesses and households. However, there are few incentives for privateenterprises and households, leading to many difficulties and challenges forthem.

Luoc proposedthat the Government provide supporting policies for Vietnamese privateenterprises and households.

Tran Thi PhuongLan, acting Director of the Hanoi Department of Industry and Trade, said thatit was necessary to connect business associations with State managementagencies so that the State could grasp the needs of the businesses, therebyremoving difficulties for them.

Lanrecommended the State should improve the mechanisms and policies forsupporting the development of infrastructure, distribution systems, andinvestment in product development. It should also have support for agriculturalproduction regions, and processing and logistics enterprises.

At the sametime, it would be necessary to strengthen regional linkages, thereby planningregional development policies to avoid an imbalance of supply and demand.

The State alsoneeded to enhance investment in the development of commercial infrastructure,to avoid imbalances between urban and rural areas.

In addition,it was necessary to focus on promoting the development of e-commerce tostimulate the consumption of young people, Lan said. 

Mac Quoc Anh, ViceChairman and General Secretary of the Hanoi Association of Small and MediumEnterprises, proposed that domestic businesses needed to be more careful in thepreparation of production and distribution of goods, to ensure enough supply ofproducts and services on the domestic market.

Along withthat, they needed to reorganise goods selling points for people to promotemarket access in remote areas, he said./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.