International trade connected with domestic consumption market
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.
HCM City (VNA)ꦬ – 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.
Highlighting the importance of Vietnam as a trade partner, Kim Ki-hoon, a member of the Republic of Korea's Ministry of Oceans and Fisheries' Promotion Bureau for Processing and Export, acknowledged Vietnam as the 4th largest food trading partner.
He outlined the bureau's plans to expand partnerships with Vietnamese retailers and distributors to introduce a variety of seafood products, including abalone, oysters, and seaweed, to Vietnamese consumers. Additionally, Korean companies are seeking to strengthen ties with hotels, restaurants and catering businesses.
Nguyen Anh Duc, Chairman of the Vietnam Retailers Association, underlined the significant role of the retail sector, contributing 35% to Vietnam's GDP. However, he noted that growth primarily stems from traditional channels, signifying immense potential for modern retail expansion.
Statistics indicated a substantial need for supermarkets and convenience stores, with an estimated requirement of one mega supermarket and one shopping outlet per 100,000 people, one medium-sized supermarket per 10,000 people, and 1-3 convenience stores per 1,000 people. These figures represent promising opportunities for distributors and retailers to capture a larger market share.
According to the Ministry of Industry and Trade, Vietnam's retail market surpassed 180 billion USD in 2023, with projections for continued growth in the coming years. This thriving market, coupled with a rapidly growing affluent population, including a doubling of the ultra-rich segment and a 70% increase in the affluent class over the past five years, is attracting renowned global brands.
A report by the Euromonitor Market Research Organisation further pointed out the significance of brand reputation and product quality for Vietnamese consumers, with 26.1% frequently purchasing from well-known brands and 35.8% prioritising higher-quality products even if it means buying less./.
There are many opportunities for Vietnamese goods, especially agricultural products, to enter foreign distribution channels, said Ta Hoang Linh, director of the Europe - America Market Department, Ministry of Industry and Trade.
More Vietnamese goods are available on foreign supermarket shelves but enterprises still need to overcome a number of challenges if they want to enhance their brand image.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
