Rising goods prices have prompted many consumers to cut their discretionary spending in order to prioritize essentials, presenting a challenge for businesses to maintain consumer loyalty.
At a seminar on December 30, representatives of Vietnam trade offices abroad noted that many necessary conditions have already existed for Vietnamese businesses to expand to the global market.
Mr. Le Duc Thinh, Director of the Department of Economic Cooperation and Rural Development at the Ministry of Agriculture and Rural Development, tells VET / VnEconomy’s Chu Khoi how traditionally-produced Vietnamese salt, despite low domestic demand, is gaining in popularity in markets like France, Japan, and the EU and what that means for local production.
Their total import-export turnover with Vietnam is estimated to reach $519.7 billion, accounting for 66.3% of Vietnam's total import-export turnover with the world.