Hanoi expands promotion programmes on threshold of lunar New Year
Hanoi is carrying out a series of stimulus and promotion programmes so as to recover the purchasing power of the domestic market on the occasion of the upcoming lunar New Year holiday.
Hanoi (VNA) – Hanoi is carrying out a series of stimulus andpromotion programmes so as to recover the purchasing power of the domestic marketon the occasion of the upcoming lunar New Year holiday.
Acting Director of the municipal Department of Industry and TradeTran Thi Phuong Lan said that the COVID-19 pandemic has led to a sharp decreasein the buying power due to lower per capita income.
Thanks to several stimulus programmes to boost consumer spending such as theconcentrated promotion month, Hanoi Promotion Month 2021, and Vietnamese GoodsWeeks, the capital city’s total retail sales of goods and services in thefourth quarter of 2021 was higher than that of the third quarter. However, the totalretail sales of goods and services in 2021 was down 4.6 percent compared tothat of the previous year.
As the lunar New Year is usually the best time in a year forretail firms to make breakthrough growth, they are exerting efforts to takeadvantage of this occasion.
Major supermarkets such as VinMart and Co.opmart plan tooffer discounts of up to 50 percent on thousands of products.
E-commerce platforms like Sendo, Shopee, Lazada and Tiki arealso carrying out attractive promotion programmes to stimulate the purchasingpower.
Along with consumer stimulus, Dr. Ngo Tri Long, former directorof the Ministry of Finance's Price and Market Research Institute, proposed theGovernment issue solutions to promote the purchasing power through tax and feereduction packages to reduce product prices.
Lan asked retail systems and firms to control the quality ofdiscounted products and ensure food safety and hygiene.
She also stressed the need for a close coordination between Statemanagement agencies in guiding and monitoring promotion activities to ensurethe publicity, transparency and effectiveness of these programmes as well asconsumers’ interests./.
Permanent Vice Chairman of the National Assembly (NA) Tran Thanh Man presented gifts to policy beneficiary families in Long Xuyen city ahead of the upcoming Lunar New Year (Tet) Festival as part of his working trip to An Giang province.
With people forced to tighten their purse strings due to the impacts of the COVID-19 pandemic, Tet gift hamper sellers have switched to predominantly local products to ensure prices remain affordable.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Photo: VNA) 
