Economy

Lunar New Year is the time when craftsmen are busy preparing products for the traditional holiday, all bear the mark of national culture, the hope for a new year of warmth and prosperity.

Vietnam’s rice exports to Singapore recorded significant growth in 2024, cementing Vietnam’s position as the third-largest rice supplier of the city state, according to the Vietnam Trade Office in Singapore.

The Vietnam-Korea Friendship Association and the Korean Association in the northern city of Hai Phong hosted a friendship exchange on January 20 during which the Vietnam-Korea Business Club in Hai Phong was launched.

There is only over a week left until Lunar New Year 2025, so farmers in Long An province are busy taking care of ornamental flowers, crops, fruits, etc to supply the market in time.

In recent years, all levels and sectors in Long An province have supported farmers in developing production and products consumption. Thereby, helping farmers increase their income and improve their quality of life.

Domestic consumption has rebounded positively, contributing to the 7.09% economic growth recorded last year. However, consumers continue to adopt a cautious approach to spending amid ongoing socio-economic challenges.

Macroeconomic stability and infrastructure development are set to be the key drivers propelling Vietnam's real estate market to new heights in 2025, according to industry experts.

Vietnam, an emerging financial centre, is seizing a “golden opportunity” to become a competitive player in the international financial arena with progressive legal frameworks and standout initiatives.

The Ministry of Industry and Trade (MoIT) has issued a directive, urging agencies to stimulate consumer demand and promote domestic goods during the Tet (Lunar New Year) holiday and the first quarter of the year.

In recent years, consumers priotitize choosing safe, quality products to ensure their family’s health, especially during the Lunar New Year. In particular, organic agricultural products are favored by consumers.

In the bustling atmosphere of the days leading up to Tet, craft villages making Tet specialties such as rice paper, dried foods, etc are operating at full capacity to have enough supply for the market.

Prime Minister Pham Minh Chinh has required accelerating the development of the domestic market and the stimulation of consumption on the occasion of the Lunar New Year (Tet) 2025.