Unlocking Vietnam’s Domestic Demand: Igniting the Engine of Growth
THE HANOI TIMES – Amid export challenges and tariff uncertainties, Vietnamese businesses are strategically pivoting towards the domestic market. A notable shift is evident, with some enterprises increasing their focus on local consumption from a mere 10-20% to an impressive 95% of their production. This strategic move involves seeking cost-effective input materials and customizing products to align with the unique preferences of Vietnamese consumers. Unlocking the Potential: Vietnam’s Domestic Market Offers Abundant Opportunities. Photo: Kinh te & Do thi Newspaper. May 10 Corporation, previously oriented towards export orders, is now redesigning its models and expanding its physical presence to better serve the needs of local customers. Nguyen Thi Phuong Thao, the Chief Operating Officer, shared that May 10 is committed to strengthening its domestic footprint while maintaining a balanced approach with exports. Additionally, the company is focused on enhancing productivity ...