PwC's 2024 Asia-Pacific Consumer Insights Survey reveals that 63% of Vietnamese consumers intend to increase spending on essential goods over the next year, followed by 52% on clothing and 48% on healthcare products.

The Swiss Agency for Development and Cooperation (SDC) has dispatched a team of six experts from the Swiss Humanitarian Aid Unit to Vietnam and earmark 1 million CHF (about 1.1 million USD) to support people affected by Typhoon Yagi in this Southeast Asian country.

Although inflation has been controlled in accordance with the set target, state management agencies and enterprises have stayed vigilant and prepare price stabilisation measures in the remainders of the year.

Philippine consumers are now spending less on essential goods and services, and consuming more of nonessential items – a shift that’s not surprising as the country moves closer to “upper-middle income” economy status, HSBC Global Research said.

Vietnam’s total retail sales of consumer goods and services during January-May increased 8.7% year-on-year to top 2.58 quadrillion VND (101.3 billion USD), according to the General Statistics Office (GSO).

As there are only few days left before the Lunar New Year (Tet) holidays, purchasing power is rising sharply and retailers are ready to serve.

Purchasing power for the traditional Lunar New Year (Tet holiday) will increase 10% from the same time last year, according to the Ministry of Industry and Trade.

Experts expect that purchasing power during the upcoming Lunar New Year (Tet) holidays may increase by over 10% compared to the same period last year.

Total revenue from retail sales of consumer goods and services increased 10.9% year-on-year in the first six month of this year to more than 3 quadrillion VND (127 billion USD), according to the General Statistics Office (GSO).

Inflation in Laos soared to 39.27% in December, the highest rate of 2022, according to the Lao Statistics Bureau.

The Association of Southeast Asian Nations (ASEAN) has extended the memorandum of understanding on the implementation of non-tariff measures (NTMs) on essential goods under the Hanoi plan of action on strengthening ASEAN economic cooperation and supply chain connectivity in response to the COVID-19 pandemic until November 30, 2024.

Vietnam’s consumer price index (CPI) in the third quarter of this year expanded 3.32% as compared with the corresponding time last year, according to the General Statistics Office.

Hanoi has just issued a plan on implementing a price stabilisation programme covering essential goods in 2022.

Supply of goods and services for the domestic market during the first half of the year has been ample with a slight uptick observed for a number of commodities, said the Ministry of Industry and Trade (MoIT) during a conference in Hanoi on June 28.

Chairman of the National Assembly (NA) Vuong Dinh Hue on June 8 demanded prompt implementation of fiscal and monetary policies to support the socio-economic recovery and development programme.

Shopping habits tended to focus only on essential goods amid the impact of the COVID-19 pandemic. It has therefore become necessary to identify solutions to effectively stabilise prices to stimulate consumer spending.

The Ministry of Industry and Trade have urged its local departments to ensure supply of essential goods and necessities, and offer promotion programmes for the upcoming Lunar New Year holiday while following the pandemic prevention measures.

Authorities, businesses, and retailers in Ho Chi Minh City are promptly making preparations for reopening retail and distribution activities in “green zones” after a period of strict social distancing.

The battle against COVID-19 in Ho Chi Minh City has received more support from the Lao people, overseas Vietnamese, along with agencies, businesses, and religious followers from nationwide.

Two “zero dong” mini marts were recently opened in Hanoi’s Thanh Xuan and Hoai Duc districts to help pandemic-hit people surmount difficulties caused by the COVID-19 pandemic.