Consumption market

The Hanoitimes - It is important to avoid stagnation during the transportation process of input materials for production and of agricultural products in Covid-19-hit-areas, Deputy Prime Minister Trinh Dinh Dung has said. Deputy Prime Minister Trinh Dinh Dung instructed local authorities to soon clear the hurdles for the smooth distribution and sale of farm produce affected by the Covid-19 pandemic. People in Danang are buying farm produce from Hai Duong province. Photo: Quang Hai. Over the past few days, the fact that Hai Duong province became a pandemic hotspot has caused difficulties for traders to ship agricultural products out of the province, due to strict anti-Covid-19 measures imposed by neighboring localities. Under this context, Deputy PM Dung requested related government agencies and provinces/cities, including the Ministry of Health, Ministry of Transportation, and Ministry of Agricultural and Rural Development, to create favorable conditions for … [Read more...] about Deputy PM instructs measure to boost consumption of farm produce amid Covid-19

Customers at a super market in HCM City.— VNA/VNS Photo Manh Linh The resurgence of COVID-19 has hit demand for consumer goods and services in HCM City, with revenues in February falling by 6.4 per cent, according to Government data. The Tet (Lunar New Year) holidays, usually the most lucrative period for the consumer market, were in February. Retail sales of consumer goods and service amounted to VND110.6 trillion (US$4.78 billion), a year-on-year increase of 4.7 per cent, a report by the city Department of Industrial and Trade said. Sales of consumer goods were estimated at VND69.9 trillion ($3.02 billion), a rise of 10.3 per cent compared to the same period last year but a decline of 5.9 per cent from the previous month. Catering, accommodation and travel services took a big hit from the pandemic. The resurgence of outbreaks in the city in late January with lockdown orders in some residential areas and fears of infection discouraged consumption. In the first two … [Read more...] about HCM City Tet consumption slumps

With the diversification of supply chains encouraging more manufacturing investment in the city, industrial and logistics assets are keenly sought after, said the CBRE’s 2021 Asia Pacific Investor Intentions Survey. “HCM City has already been on the radar of investors in recent years, especially those who are looking to invest in Southeast Asia, as the city is viewed as having the potential for greater appreciation in property values and higher yields,” said Dang Phuong Hang, CBRE Vietnam Managing Director. The survey outlines top 10 Preferred cities for cross-border investment, with Tokyo (Japan) in the first place, followed by Singapore, Seoul (the Republic of Korea), Shanghai and Beijing (China), HCM City, Shenzhen (China), Sydney (Australia), Osaka (Japan) and Melbourne (Australia). Investors who expressed interest in investing in Southeast Asia indicated that they are willing to pay more for real estate purchase. 39.4 percent of these investors are comfortable to … [Read more...] about HCM City in top six most preferred markets for investment: CBRE

A customer buys milk-based products at a supermarket in HCM City. Milk consumption is expected to increase by 7 per cent this year. — VNS Photo Xuân Hương HCM CITY — Milk consumption is expected to increase by 7 per cent this year, analysts at SSI Securities Corporation have said. They said it is based on a baseline scenario that assumes the pandemic would be controlled by mid-year and there would be no more social distancing. They also forecast the prices of existing SKUs (stock keeping unit) would not increase this year. But they admitted demand among low-income consumers could be impacted given the fact that COVID-19 has hurt them, and companies like Vinamilk and Vinasoys have seen downtrading in the first nine months of last year. In contrast, premiumisation would continue as middle- and high-income groups are less impacted, and are more open to consuming higher quality dairy products, they said. “We assume dairy raw material prices will increase by 4 per … [Read more...] about Milk consumption to grow by 7% this year: securities brokerage

The Hanoitimes - Hanoi has played a key role in forming supply and production chains among local enterprises from various provinces and cities, said a senior government official. With domestic consumption seen as a key measure to boost economic recovery during the post-Covid-19 period, Hanoi has been stepping up its cooperation with other provinces and cities to boost trade and strengthen supply–demand connections. Supply - demand matching event between Hanoi and other localities held on November 25. Photo: Thu Huong. For a city of 10 million people, Hanoi has huge demand for agricultural products. A study from the Hanoi Promotion Agency (HPA) revealed the city’s consumption demand in the upcoming Lunar New Year period in 2021 could increase by 3 – 20%, while local suppliers could only meet 30 – 60% of the market needs. To address this issue, the HPA and Hanoi’s Department of Industry and Trade have cooperated with the provinces of Son La, Bac Kan, Quang … [Read more...] about Hanoi pushes for cooperation with peers to boost domestic consumption