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THE HANOI TIMES – Amid export challenges and tariff uncertainties, Vietnamese businesses are strategically pivoting towards the domestic market. A notable shift is evident, with some enterprises increasing their focus on local consumption from a mere 10-20% to an impressive 95% of their production. This strategic move involves seeking cost-effective input materials and customizing products to align with the unique preferences of Vietnamese consumers. Unlocking the Potential: Vietnam’s Domestic Market Offers Abundant Opportunities. Photo: Kinh te & Do thi Newspaper. May 10 Corporation, previously oriented towards export orders, is now redesigning its models and expanding its physical presence to better serve the needs of local customers. Nguyen Thi Phuong Thao, the Chief Operating Officer, shared that May 10 is committed to strengthening its domestic footprint while maintaining a balanced approach with exports. Additionally, the company is focused on enhancing productivity ...

Brazil’s Minister of Foreign Affairs, Mauro Vieira, highlighted the critical role and global importance of BRICS in addressing pressing issues such as armed conflict, political instability, and the erosion of multilateralism. Established in 2009 by Brazil, Russia, India, China, and South Africa, BRICS has now expanded with the addition of 11 new member states, further strengthening its influence. According to Vieira, BRICS occupies a pivotal position in promoting peace and stability, representing nearly half of the world’s population and spanning vast geographical and cultural diversity. At the recent meeting, all member states concurred that peace “cannot be imposed but must be built,” underscoring the importance of collaborative efforts in conflict resolution. They urged the international community to take action and propose political solutions for regions experiencing conflict, including Gaza, Haiti, Sudan, and the Horn of Africa. BRICS, with its diverse membership and global reac...