Chinese daily necessities that sell well in Vietnam
(a) Agricultural machinery products?
(ii) Motorcycles
(iii) Color televisions
(iv) Pesticides
(v) Fertilizers
(vi) Pharmaceuticals
(vii) Billets, steel
(viii) Beverages
(ix) Textiles
(x) Raw materials for plastic making
(xi) Raw materials for shoe-making
(xii) Packaging plate-making and advertising production
(xiii) Swimming and recreational facilities
Since the beginning of 1999, Vietnam's market has been characterized by insufficient effective demand and low prices due to the lagging effects of the Asian financial crisis.
The price index rose only 0.8% in the first 10 months, with negative growth in March-October, resulting in persistent deflation and an imbalance between supply and demand.
The crux of Vietnam's poor market sentiment is mainly manifested in the following aspects:
1. Low income of farmers, with an annual per capita income of only VND2 million (about US$140);
2. Weak competitiveness of the industry, and increasing difficulty in competing in the international market;
3. The State Bank of Vietnam (SBV) has issued VND4 trillion of treasury bonds since last year to raise a large amount of idle money from the The State Bank of Vietnam has issued VND4 trillion in bonds since last year, which has mobilized a large amount of idle capital from the society, reducing the amount of money circulating in the market and failing to meet the needs of commodity circulation;
4. Prices in Vietnam have risen by 50 percent since 1994, but the wages of workers in state agencies, enterprises and institutions have increased by only 20 percent, weakening the purchasing power of the society;
5. Many industries in Vietnam are facing the problem of over-production, but there is a lack of effective mechanism of elimination.
6. The reform measures taken by the Vietnamese government are not complementary, which is superimposed on the low economy and inadequate social security system, exacerbating residents' expectations of reduced income and increased expenditure, constituting an obstacle to consumption growth.
With the world economy tends to improve, the Southeast Asian region, the gradual recovery of the economy, the Vietnamese government's new initiatives initially effective, Vietnam's economy is expected to be restored and development, the lack of demand will be alleviated, the market potential is still large.