Vietnamese consumers prefer brick-and-mortar to online shopping
Despite an abundance of new options to buy groceries online, Vietnamese consumers still overwhelmingly prefer to shop in stores, the Vietnamese High Quality Product Business Association said on February 14.
Supermarkets are the most favourite shopping destinations. (Photo: VNA)
HCM City (VNA) – Despite an abundance of new options to buygroceries online, Vietnamese consumers still overwhelmingly prefer to shop instores, the Vietnamese High Quality Product Business Association said onFebruary 14.
The association’s Vietnamese High Quality Goods Survey further revealed thatsupermarkets are the most favourite shopping destinations, followed byconvenience stores, and traditional markets.
Although online stores bottom the list, online shopping is possibly expandingas it is favoured by young consumers who have high demands for fashion items,cosmetics, stationery and electronic products, among others.
According to the survey, locally-made goods gained the upper hand over theimported, winning the preference of up to 93 percent shoppers.
Chairwoman of the association Vu Kim Hanh said that 88 percent of theVietnamese consumers are able to recognise logos of the Vietnamese high qualityproducts and ISO or VietGAP labels. Nearly 99 percent agreed that they feelsecure when using certified products.
As consumers are now smarter, they always consider food succulence, products’good fabric and safety before putting them into the shopping trolleys. Particularly,goods with clear origins and made by renowned brands are prioritised whileprices and promotions are old stories now as they are not attractive to most ofthe shoppers anymore.
In such context, experts said that domestic firms must be well prepared so thattheir products can gain the competitive edge over the imported, especiallyafter various free trade agreements that Vietnam has joined take effect.Actually, many made-in-Vietnam goods lost their market share as they do nothave any quality certification.
Through the survey, consumers voted 542 businesses as producers of Vietnamese high-qualityproducts.
After 23 years, the survey has helped a wide range of enterprises develop theirbrands. Valuable information is essential for them to have a deeper insightinto the market, which is moving in tandem with the development of the FourthIndustry Revolution.-VNA
With increasing incomes, consumers are paying greater attention to products of high quality and health foods, and producers and distributors need to focus on such products, a forum on Vietnamese high quality foods and agricultural products heard in Ho Chi Minh City on December 20.
Vietnam exported goods to 200 countries and territories worldwide in 2018, including 50 major markets, Sai Gon Giai phong (Liberated Saigon) daily reported.
Vietnamese consumers’ preferences for locally-made confectionaries, jams, and cookies, among others, have been on the rise for the upcoming Tet (Lunar New Year) festivities.
The Vietnamese booth featured fresh durian, durian ice cream, durian cakes, and other fruits such as dragon fruit and passion fruit, attracting strong interest from Beijing residents and ASEAN diplomats.
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.
Supermarkets are the most favourite shopping destinations. (Photo: VNA) 
