vietnams economic performance in january 2024

Vietnam’s economic performance in January 2024

The consumer price index (CPI) increased 3.37 per cent in the opening month of 2024, foreign direct investment 40.2 per cent, international arrivals 73.6 per cent, and the Index of Industrial Production (IIP) 18.3 per cent.
is non alcoholic beer now a priority at tet

Is non-alcoholic beer now a priority at Tet?

Choosing non-alcoholic beer instead of alcoholic beverages every Lunar New Year holiday is gradually become a habit for many consumers, especially as drink-driving laws get tightened.
credit law creates banking safeguards

Credit law creates banking safeguards

The latest amendment of Vietnam’s Law on Credit Institutions is set to significantly enhance the banking sector’s resilience and transparency, profoundly impacting its operational landscape and consumer accessibility.
vietnams fmcg market suffers turbulent year

Vietnam's FMCG market suffers turbulent year

Ongoing unfavourable global and internal economic conditions made an impact on Vietnam's fast-moving consumer goods (FMCG) market and consumer confidence, according to a report released by Kantar Worldpanel Vietnam on February 5.
banning dog and cat meat services is essential to stop consumer demand

Banning dog and cat meat services is essential to stop consumer demand

Restaurant owners have raised their voices to protest dog and cat meat services, hoping to cut consumer demand.
consumption rise uncertain until general recovery appears

Consumption rise uncertain until general recovery appears

Vietnamese consumers continue to be mindful of their spending in 2024 in anticipation of the challenging outlook in the short and medium term.
many retailers are offering big lunar new year discounts

Many retailers are offering big Lunar New Year discounts

A source from southern food maker Vissan JSC revealed that the company has purchased food stock valued at $22.7 million to feed consumers during the Lunar New Year festivities, including nearly 1,100 tonnes of fresh food and 3,800 tonnes of processed food, similar to the volume sold last year.
rubber firms look to rosier future

Rubber firms look to rosier future

Rubber producers are anticipating a brighter future this year, leveraging a pickup in prices and consumer demand.
businesses must bravely make bolder moves in order to reach growth goals

Businesses must bravely make bolder moves in order to reach growth goals

Consumer product companies and brands are beginning to regain their footing following several difficult quarters. Praneeth Yendamuri, partner at Bain & Company, Dhruv Vohra, managing director for APAC Global Business Group at Meta, and Sameer Mehta, head for Southeast Asia at DSG Consumer Partners, explain how the macro forces are ripe for long-term growth.
retail property market vibrant amid regional backdrop

Retail property market vibrant amid regional backdrop

Last year, retail sales of consumer goods and services were estimated to have increased by 9.6 per cent on-year in Vietnam, 7.1 per cent if excluding the price factor. This is around half of the 2022 figures.
cpv promotes made in vietnam products at home and globally

CPV promotes 'Made in Vietnam' products at home and globally

C.P. Vietnam (CPV) anticipates that consumers will support 'Made in Vietnam' products that meet international standards, affirming the company's commitment to safety and improving the lives of Vietnamese people. In addition, CPV plans to continue developing new products to meet consumer needs for domestic and foreign markets.
consumer industry more mature thanks to digital efforts

Consumer industry more mature thanks to digital efforts

Digitalisation of the supply chain has helped consumer businesses shorten the distance with customers and achieve higher results in terms of revenue, profit, and brand reputation.
tiktok supports 28 million smes during upcoming tet 2024

TikTok supports 2.8 million SMEs during upcoming Tet 2024

The 'TETastic with TikTok' initiative aims to offer a complete picture of current trends and movements in the consumer market and suggest creative advertising strategies and solutions to help businesses seize commercial opportunities during the upcoming Lunar New Year period.
goertek to invest another 280 million in vietnamese consumer electronics subsidiary

Goertek to invest another $280 million in Vietnamese consumer electronics subsidiary

AirPods maker GoerTek has plans in place to invest an additional $280 million in the establishment of a wholly owned subsidiary in Vietnam to manufacture consumer electronics products.
be secures 30 million investment from vpbank securities

Be secures $30 million investment from VPBank Securities

On January 10, Be Group, owner and operator of the multiservice consumer platform Be, announced a substantial investment from VPBank Securities JSC (VPBankS), a subsidiary of VPBank.