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.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
