The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.

The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.

The fair will go on from November 22 to 27 at the Thanh Tri Cultural, Information and Sports Center.

The FMCG growth is driven by strong economic expansion and low inflation.

For a population of nearly 100 million, of which the majority is at young age and with steady growth of income per capita, Vietnam is considered a potential market for fashion retailers.

Government agencies must be mindful in a situation where regional countries are accelerating efforts to improve their business environment, but Vietnam is still sluggish.

Asia Beautopia Expo 2019 is an annual exhibition which has accompanied the beauty and health industry in many Asian countries over the years.

Vietnam has the second-largest consumption share in ASEAN, with the potential to outpace the Philippines soon. This should change the popular perception about ASEAN, in which Indonesia and the Philippines are usually considered the major domestic-oriented economies.

The 16-nation trade deal, which includes major economies such as India and China, would make up nearly 50% of the world’s population, about 30% of global GDP and 28% of total trade turnover.

Illegal transshipment has become a growing concern in US-Vietnam trade.

The news comes shortly after the General Department of Vietnam Customs (GDVC) announced its capture of US-bound Chinses aluminum worth US$4.3 billion forging Vietnamese origin.

Vietnam’s retail market is growing at an annual rate of 10.9% in the 2013 – 2018 period, while most leading names in the market come from South Korea and Japan, ranging from convenience stores, department stores to e-commerce.

2019 will the second consecutive year that the Vietnamese government would achieve and beat 12 key social-economic goals, including the GDP growth target of 6.8%.

Vietnam’s Prime Minister Nguyen Xuan Phuc suggested Vietnam and Germany soon set up a strategic action plan for the 2019 – 2021 period.

The market is on track to hit US$4 billion by 2025, becoming the fourth in the region, after Indonesia, Singapore and Thailand.

Vietnam’s trade turnover in the third quarter (Q3) stood at US$138.6 billion, up 9% year-on-year and significantly higher than US$116 billion recorded in Q1 and US$127 billion in Q2.

Vietnam’s internet economy is booming, as it reaches for US$12 billion in 2019 on a 38% annualized growth rate since 2015, and projected to increase to US$43 billion by 2025.

With a population of nearly 100 million, the country’s final consumption expenditure has been maintaining at a high rate of over 70% annually, indicating huge potential remains for the market.

The conclusion was made based on three factors: the dumping act of Chinese producers and exporters; considerable damages to local production; and the act of dumping being the main factor that lead to huge losses of local enterprises.

Emerging channels contribute two thirds of total incremental spending come from these channels.

Vietnam`s trade turnover reached US$382.72 billion in the January – September period, of which its export value amounted to US194.3 billion, up 8.2% year-on-year, and imports totaled US$188.42 billion, up 8.9%.

Although they are a familiar sight in many other countries, lockboxes are currently not wildly available in Vietnam.

Human resources are the most valuable asset of a country, so the key issue would be to reform education at university level and vocational school, in turn improving the quality of the education system in overall, said World Bank’s expert.