Over the past two years, whilst the Covid-19 pandemic was raging over economies, coffee prices on both the derivatives market and domestic market have taken great strides.
Vice Chairwoman of HCMC People’s Committee Phan Thi Thang promised to bring goods from the Mekong Delta into wholesale markets and distribution systems in HCMC to support farmers and cooperatives for connection of supply and demand.
Gold prices in Vietnam are much higher than international prices, driven by a supply-demand imbalance and price manipulation. A tael (37.5g) of gold in Vietnam is about US$500 more than in the rest of the world.
Vietnam has worked to develop the domestic market with a population of nearly 100 million people in the context that the COVID-19 pandemic has disrupted the global supply chains, said Minister of Industry and Trade Tran Tuan Anh.
The Ministry of Education and Training is to implement the Vietnam National Qualifications Framework (VQF).
Restaurants and eateries have been crowded recently, following the social distancing period. Analysts believe this indicates a rapid recovery of the economy after the epidemic.
An event took place in Hanoi on June 9 to help promote the domestic consumption of tra fish products, a major foreign currency earner that has been hit hard by impact of the COVID-19 outbreak.
Vietnamese farmers are harvesting mangosteen, rambutan and pineapple, but a large amount of these fruits are still being imported from Thailand.
If enterprises can exploit the domestic market well, they will be able to overcome the Covid-19 crisis, analysts say.
Specializing in outbound tours for young clients, IGo is now considering launching domestic tours after two months of ‘hibernation’ because of Covid-19.
With the Covid-19 pandemic under control in Vietnam, the country now seeks to breathe life back into its tourism industry.
A market with population of nearly 100 million is more than enough for domestic firms to boost sales and expand market shares.
Because of Covid-19, the global farm produce supply chain has been interrupted because of logistics problems. Now is the right time for domestic farm produce to conquer domestic consumers’ hearts, experts say.
Experts have said that once the COVID-19 pandemic ends, higher market demand would support many sectors in quickly resuming their business.
Prime Minister Nguyen Xuan Phuc has urges firms to prepare scenarios to ensure they can continue operation in any circumstances.
Vietnam, with its highly open economy, is facing many risks from the US-China trade war which has not shown any sign of easing, experts said at a workshop in HCM City on June 25 on the impacts of the trade war.