Vietnamese local goods gain larger share on domestic market

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Vietnamese local goods gain larger share on domestic market
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Vietnamese goods are enjoying increasing presence in different distribution channels.

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Textile and garment makers are among those succeeding in conquering the domestic market. Firms such as Garment 10, Viettien, Duc Giang, Nha Be, Hoa Tho, Hanosimex and TNG have gained a firm foothold, and each recorded annual domestic revenues in hundreds of billions of VND.

A recent study by market research company Nielsen revealed that after the COVID-19 pandemic, 76 percent of Vietnamese consumers showed a preference for local products, especially branded, quality and healthy items. Le Viet Nga, Deputy Director of the MoIT’s Domestic Market Department, said businesses are now aware that to win consumer trust, they have to improve product quality, boost sci-tech application, and use advanced management measures to reduce production costs, with better quality, designs, and after-sale services.

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