VOV.VN - The capital city of Hanoi aims to achieve a gross regional domestic product (GRDP) growth rate of 8% or higher this year, while effectively operating its two-tier government model, said the municipal People’s Committee.

VOV.VN - Domestic consumption is considered one of the key drivers of economic growth. To achieve the 2025 economic growth target of over 8%, boosting consumer demand, particularly through the continued 2% cut in value-added tax (VAT), is seen as a crucial solution.

VOV.VN - Continuing efforts to diversify export markets, promote balanced and sustainable trade relations, boost domestic consumption and fully tap into the domestic market are key directives highlighted in the Government’s resolution from its April 2025 regular meeting.

VOV.VN - Several important economic policies are taking effect this year, directly impacting individuals and businesses.

Vietnam's total retail sales of consumer goods and services reached VND6.39 quadrillion (US$251.87 billion) in 2024, marking a year-on-year increase of 9%, according to the General Statistics Office (GSO).

Vietnam's domestic market still holds significant untapped potential, and stimulating domestic consumption is a vital strategy to drive economic growth in the near future, according to economic experts.

VOV.VN - The Ministry of Industry and Trade launched Vietnam Online Friday 2024 on November 29 evening aimed at boosting e-commerce and providing consumers with the opportunity to purchase quality products at discounted prices.

Prime Minister Pham Minh Chinh on November 26 ordered the continuation of developing the domestic market and boosting consumption in the remainder of the year.

Domestic consumption is likely to lose steam as consumers face uncertainties, along with changes to shopping trends. Meanwhile, businesses have reported it's increasingly difficult to maintain purchasing power and reduce inventory buildup, said industry insiders and economists.

VOV.VN - As part of efforts to promote economic growth during the remaining quarters of the year, localities and businesses must maintain many solutions in a bid to stimulate consumption demand in order to connect and expand domestic consumption.