The newest freaking market news of the week was curated and evaluated by Mrs.Vu Kim Hanh, a veteran journalist and the Chairwoman of the Business Association of High-Quality Vietnamese Goods. The show is created by Maybe - A platform that discovered talents
Update the market every day.
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01:00 - The story about difficulties bring opportunities of Vietnamese Businesses
Globally and even in Vietnam, the economic situation is currently facing a downturn. In such periods, we must create additional market opportunities for ourselves and be flexible enough to adapt swiftly in order to seize the moment.
Recently, the High-Quality Vietnamese Enterprises Association, in collaboration with Vinpearl Company, organized a festival showcasing local Vietnamese specialties on Hon Tre Island, Nha Trang. The event aimed to provide testing grounds for businesses in search of new market opportunities. This program is particularly unique as it spans 45 days and involves the participation of 50 businesses nationwide.
06:25 - The story bringing Vietnamese local specialties everywhere
From the Viet Bac of Northern Vietnam to the cape of Ca Mau, each locality possesses unique local specialty products. This has sparked the interest of entrepreneurs in exploring market opportunities with these indigenous products as gifts. By creating a handbook showcasing the local products of each region, we can provide convenient guidance for those who are undecided in finding the perfect gift.
12:24 - The story of chocolate prices forecasted to increase
In the upcoming years, chocolate enthusiasts will have to worry as market predictions indicate a significant rise in prices for this beloved treat.
According to a report by Nielsen IQ, chocolate prices increased by 14% in 2022, and there is a likelihood of further substantial increases in 2023 due to disruptions in the production of cocoa, a vital input material. Experts from the Global Commodity Insights Institute explain that the main cause is the occurrence of the El Nino weather phenomenon, which has resulted in reduced rainfall, hampering normal cocoa tree growth.
As a result, those who enjoy hot chocolate drinks, baking with chocolate, or indulging in chocolate candies will have to accept the fact that prices will be on the rise. Furthermore, with the upcoming Valentine's Day, the cost of each box of chocolates for gifting purposes will also escalate.
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