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Businesses paying more attention to Vietnamese market

(News Portal – Dong Nai) - The Young Entrepreneurs Association of Bien Hoa city recently organized a specialized program on Forecasting the Economic Situation in 2024 and the Business Response. 

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Dr. Nguyen Tan Binh shared at the program 

Attending the program, business leaders had the opportunity to listen to Dr. Nguyen Tan Binh, Director of the Leadership and Management Science Research Institute, sharing insights into the current global economic situation and the economy of Vietnam. According to Dr. Nguyen Tan Binh, economic forecasts indicate a slowdown in the global economy, with a decrease in global commodity consumption and an increase in inventory compared to previous periods. Additionally, geopolitical conflicts and policy management factors of major countries will also have a significant impact on Vietnam's economy. 

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Participating businesses during the specialized program 

In this context, caution in business planning and operations is a reality. Difficulties and rapid changes in consumer trends will also help businesses understand and seek funding sources more intelligently. It is important for businesses to consider shifting production to goods with a broad market coverage, less affected by economic and geopolitical fluctuations. Additionally, businesses should pay more attention to Vietnam's market of 100 million people, given the increasing living standards.  ​

Author: Bao Nguyen

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