Consumers willing to pay premium for better quality: survey

Most of the respondents in a nationwide survey have declared they will pay a premium for high-quality Vietnamese products that meet specific standards, and are originally traceable, good for health, and environmentally friendly.

Consumers willing to pay premium for better quality: survey -0
Source: VNA

(VNA) The opinion survey, launched in September last year, polled consumers in person and virtually and collected their votes on high-quality made-in-Vietnam products, with more than 61,000 votes recorded.

It revealed that green consumption has become a trend in the domestic market, and consumers are paying more attention to the factors of safety, product origin, and function in addition to quality and prices. Some 43% of the polled people were concerned that businesses might use banned substances in production and preservation, and that raw materials are not of high quality for production.

For the retail sector, general trade (GT) still reigns supreme, while modern trade (MT) is attractive to those fond of fast moving consumer goods (FMCG). Meanwhile, multi-channel shopping is a popular trend now and in the future and, as a result, it will gradually make the boundary between MT and GT blurred and bring more convenience to shopping activities.

Although online shopping is no longer a boom as it was during the COVID-19 lockdown, it remains very popular, especially among young shoppers. The development of e-commerce is forecast to be a trend long into the future. Online information channels are also increasingly being approached by consumers, with more than 40% of the respondents learning about products through forums, social networks, websites, and online newspapers, among other methods.

Vu Kim Hanh, chairwoman of the business association of high-quality Vietnamese products, said that these new trends promote consumption habits across the globe, as consumers become more and more aware of the relationship between their health and wellness and the surrounding ecosystem. Food that is clean, safe, and verified to meet quality standards or certified organic is also the first choice for many people, she added

Economy

Da Nang strengthens cooperative ties with Thai localities
Economy

Da Nang strengthens cooperative ties with Thai localities

Vice Chairwoman of the People's Committee of the central city of Da Nang Nguyen Thi Anh Thi on September 26 hosted a Thai delegation led by Thai Consul General in Ho Chi Minh City Wiraka Moodhitaporn, and Khon Kaen Deputy Governor Siriwat Pinijpanich, who are in the city to attend the "Meet Thailand in Da Nang" conference.

UN Special Rapporteur highly values Vietnam's progress
Economy

UN Special Rapporteur highly values Vietnam's progress

United Nations (UN) Special Rapporteur on the right to development Surya Deva had a dialogue in Geneva on September 18 with countries on his activities over the past year, during which he highly valued the Vietnamese Government's multidimensional poverty reduction approach.

Australian plums to be available in Vietnam
Economy

Australian plums to be available in Vietnam

Australian plums will soon be on shelves in Vietnam under the two-way agricultural market access agreement between the two countries that brings Australian plums to Vietnam and Vietnamese passion fruit to Australia, according to the Australian Government.

Vinamarine prohibits profiteering in emergency situations
Economy

Vinamarine prohibits profiteering in emergency situations

The Vietnam Maritime Administration (Vinamarine) under the Ministry of Transport strictly prohibits all acts of taking advantage of emergency situations, storms and floods to raise service prices inconsistent with fluctuations in total costs compared to normal conditions for profiteering.