Vietnamese consumers’ concerns regarding Chinese-made goods do not mean they will turn to locally made products Vietnamese consumers have shown a decreasing interest in and have purchased fewer locally made products over the last year, while Japanese, South Korean and Thai manufacturers have begun to replace Chinese counterparts as the preferred foreign brands for Vietnam. Only 51 percent of Vietnamese consumers surveyed by the Business Association of High-Quality Vietnamese Products said they still ‘love’ Vietnamese-made products, a 27 percent decrease from the 2017 poll. Sixty percent of respondents said they still purchase locally made goods on a frequent basis, a 32 percent decline compared to a year earlier. The Business Association of High-Quality Vietnamese Products grants the High-Quality Vietnamese Products Award every year to local businesses whose products are favored by local consumers. The association selected 640 local businesses for the award this year, after polling 3,000 retail outlets and 13,000 households in a 3.5 month-long survey. While the survey findings provide several new market insights, they also raise fresh concerns about the weakening competitiveness of Vietnamese-made products, Vu Kim Hanh, chairman of the association, stated during a conference in Ho Chi Minh City on Tuesday. The more Vietnamese consumers… Read full this story
- Raging Kim Jong-un brands US rival Donald Trump ‘mentally deranged dotard’ and threatens to detonate nuke in Pacific Ocean
- North Korea fires new version of ballistic missile
- North Korea celebrated New Year’s Eve by unveiling a giant ice sculpture of their feared ballistic missile Hwasong-15
- North Korea to reopen hotline to South to talk Olympics
- North Korea missile launch prompts Hawaii nuclear attack warning test
- X Factor’s Simon Cowell reveals sheer horror at South Korea dog meat farming trade
- China, voracious buyer of foreign agricultural land
- Ousted Donald Trump aide Steve Bannon brands campaign meeting with Russians 'treasonous'
- China ban on ivory sales begins Sunday, aims to curb elephant poaching
- Sanctions-hit North Korea struggles to pay UN dues
Japan, Korea, Thailand oust China as Vietnamese consumers’ favorite foreign brands have 308 words, post on tuoitrenews.vn at February 10, 2018. This is cached page on VietMaz. If you want remove this page, please contact us.