Ministry carries out solutions to effectively exploit domestic market
Measures have been taken to effectively exploit the domestic market with a population of nearly 100 million to fulfil the goal of an increase of 8-9% in retail sales of goods and services, according to the Ministry of Industry and Trade (MoIT).
Hanoi (VNA) - Measures have been taken to effectively exploit the domestic market with a population of nearly 100 million to fulfil the goal of an increase of 8-9% in retail sales of goods and services, according to the Ministry of Industry and Trade (MoIT).
Since the beginning of this year, the ministry has strived to enhance connectivity and ensured a balance between the supply and demand of essential goods, contributing to keeping inflation under 4.5%.
The sales of goods, especially agricultural products in the harvest season, were facilitated, along with the establishment of a linkage between supply and demand in the online environment, based on new platforms.
In the coming time, the MoIT will continue to accelerate the amendment and completion of a number of legal documents on domestic market development.
It will also speed up the implementation of a strategy for developing domestic trade until 2030, with a vision to 2045, as well as related programmes such as a project on developing the domestic market in association with the campaign "Vietnamese people prioritise Vietnamese goods" in the 2021-2025 period.
Domestic trade promotion activities will be integrated with consumer stimulus programmes.
The ministry will support enterprises, especially small and medium ones, production facilities of craft villages, farmer households and co-operatives in trade promotion activities; building and protecting brands for domestic wholesale and retail distribution chains; and popularising typical products of Vietnam.
Priority will be given to the development of modern commercial and digital platforms, and e-commerce and non-cash payment methods encouraged.
The MoIT will focus on applying digital technology to trace goods origin in commercial infrastructure systems such as supermarkets and markets, as well as developing new retail methods to meet the requirements of consumers.
🌌 It will also encourages the expansion of green distribution system and green consumption, sustainable development and circular economy in the field of commerce. The sustainable connection between production, distribution, and consumption will be boosted along with the presence of environmental-friendly products at commercial centres and supermarkets.
Under a draft project on restructuring the industry until 2030, the MoIT sets the goal of restructuring the domestic market towards fast and sustainable development. Accordingly, the models of sharing economy, night, tourism, green, circular and digital economy will be prioritised for development. The added value of domestic trade will increase by an average of 9-9.5% per year./.
A strategy for developing domestic trade between 2021 and 2030 has been signed off by Deputy Prime Minister Le Van Thanh, aiming to raise domestic trade’s proportion in the country’s GDP to 15 - 15.5 percent in the next 10 years.
The Ministry of Industry and Trade (MoIT) launched a week promoting Vietnamese goods at a ceremony held at Co.opmart supermarket in Hanoi on November 14.
Thanks to the campaign to encourage Vietnamese people to prioritise Vietnamese products, which has been carried out for years, and the stable quality of the products, made-in-Vietnam commodities have drawn increasing attention of consumers.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
Illustrative image. (Photo: VNA)
