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Vietnamese spend big money on luxury goods, live on borrowed funds
A report says two-thirds of Vietnam’s GDP comes from individual consumption, including purchases made by Vietnamese smitten with luxury goods.
The rich spend money on luxurious goods despite crisis
VietNamNet Bridge – While most Vietnamese try to fasten their belt in the context of the economic recession, the rich still spend money like water on luxurious goods.
Confiscation of smuggled goods at Gucci-Milano Hanoi shop
The Hanoi authorities have agreed with the proposal of the relevant agencies on handling violations committed by the two shops selling luxurious products with the brands Gucci and Milano on Ly Thai To Street, Hoan Kiem district, Hanoi.
Vietnam spends too much money on imports
Vietnam has been not only importing the products it needs, but the products it can make as well.
