Hanoi Promotion Month 2020 to boost year-end domestic consumption
The Hanoi Department of Industry and Trade sets a target of 10.5% retail sales growth in 2020.
The Hanoi Department of Industry and Trade sets a target of 10.5% retail sales growth in 2020.
Domestic production and exports are key driving forces for Vietnam’s economy this year, state an expert.
While FTAs are beneficial to Vietnamese enterprises, only foreign-invested firms so far are able to take full advantage of these trade deals, stated a senior government official.
The “Made in Vietnam” goods week is expected to stimulate domestic consumption of local products in the campaign “Vietnamese buy Vietnamese goods.”
Since June, nearly 5,000 enterprises have registered to participate in promotional activities organized by Hanoi's authorities with the combined discount amount of over VND20 trillion (US$861 million).
The program, scheduled to take place at the Government Guest House in Hanoi, is part of the city's efforts to boost domestic consumption and exports.