Promoting domestic market development, stimulating consumption in 2025

The domestic market plays an important role in supporting the economy .

The Ministry of Industry and Trade has just issued Directive No. 08/CT-BCT on implementing solutions to continue promoting domestic market development and stimulating consumption in 2025.

This is also the first time that the Ministry of Industry and Trade has assigned targets to units under the Ministry, Departments of Industry and Trade of provinces and cities, Corporations, General Companies, Companies, and Industry Associations to strive to bring the total retail sales of goods and services to about 12% in accordance with the spirit of Resolution No. 25/NQ-CP of the Government .

The Directive stated that although the economy has achieved some initial positive results, compared to the Government's target of GDP growth of over 8% in 2025, total retail sales of goods and services reaching 12%, the growth rate of the retail market of goods and services in the first months of the year has not reached the expected level and is facing many difficulties and challenges due to the impact of foreign markets and protectionist policies of major countries in the world.

In order to strive to achieve the Government's target of growing the domestic retail market for goods and services, contributing to achieving the economic growth target of over 8% in 2025 in the spirit of Resolution No. 25/NQ-CP of the Government, the Ministry of Industry and Trade requests the Department of Domestic Market Management and Development (Ministry of Industry and Trade) to coordinate with the Department of Industry and Trade of localities and enterprises to implement activities to connect supply and demand, combined with the implementation of the Programs Vietnamese people prioritize using Vietnamese goods, the One Commune One Product (OCOP) Program... to link production with the distribution of goods, supporting the consumption of domestically produced goods.

Along with that, the above units promote the implementation of approved projects and target programs on trade and domestic market development. Organize conferences on solutions for domestic market development to assess the situation, promptly grasp and remove difficulties and obstacles in market development, and promote the consumption of goods in localities and enterprises.

The Ministry of Industry and Trade also noted that the Department of Domestic Market Management and Development coordinates with relevant units to direct key petroleum traders and petroleum distributors to strictly implement regulations on petroleum trading (especially circulation reserves, implementation of minimum total petroleum sources, registered production plans, etc.); have plans to ensure sufficient supply of goods, organize well the continuous supply of petroleum, meet the needs of production, business and consumption to serve economic development.

For the Trade Promotion Department, coordinate with localities and industry associations to remove difficulties, effectively implement trade promotion activities to support businesses in finding and expanding consumption markets, especially for key products and strengths of localities and regions; effectively combine trade promotion activities with investment, culture and tourism promotion.

Consumer stimulus programs create important momentum for the retail market.

The leaders of the Ministry of Industry and Trade assigned the Import-Export Department and the Department of Foreign Market Development to continue to diversify and expand product consumption markets to foreign markets; expand supply chains and production chains to consolidate and develop the market share of Vietnamese goods in traditional markets and markets with FTA/CEPA with Vietnam, creating a breakthrough in expanding market share in new and potential markets; supporting export enterprises to respond to protectionist policies of major countries.

Also in this Directive, the Minister of Industry and Trade requested the Departments of Industry and Trade of provinces and centrally-run cities to organize activities to connect distribution enterprises and goods manufacturing enterprises; coordinate with other localities to implement trade promotion activities, connect supply and demand to support the consumption of locally produced consumer goods, safe food products, regional specialties, etc.

In addition, the Minister requested the Vietnam National Petroleum Group, the Vietnam National Energy Industry Group and key petroleum trading enterprises to carry out circulation reserves according to regulations, registered production plans and strictly implement the total minimum petroleum source that has been allocated, have a plan to ensure petroleum supply to serve production and consumption of people and businesses, taking into account the increased demand when the whole country promotes the implementation of economic development activities.

“Industry associations direct member enterprises to actively participate in trade promotion activities, brand building, technological innovation, and product quality to improve the competitiveness of domestically produced goods; implement promotional programs with diverse and attractive content and implement price reductions to stimulate domestic consumption,” the directive stated.

According to vietnamplus.vn

Source: https://baolaocai.vn/day-manh-phat-trien-thi-truong-trong-nuoc-kich-cau-tieu-dung-nam-2025-post399741.html