IDEAS FOR BUSINESS IN 2024

MDCT admin - 02/02/2024

Vietnam's economy ended 2023 with signs of recovery, macroeconomic stability, inflation under control, and major balances ensured. Many important results on all fronts have achieved the goals set and continue to be a bright spot in the economy in the region and the world. 2024 is the year of breakthrough for the 5-year economic roadmap for the period 2021-2025, so the Government, ministries, departments, and localities will devote all their efforts to this roadmap. Therefore, preparing a good business idea will be a good step for individuals, households, and organizations to take advantage of the opportunity to develop. Let's take a look at a few business ideas that are forecast to become trends in the first months of 2024.

1. Fashion business

The first months of 2024 are a time when Vietnam has many holidays and festivals such as Lunar New Year, Valentine's Day, International Women's Day, Hung King Commemoration Day, and International Labor Day. Therefore, the demand for clothing for people is very high to wear on these holidays. In addition to imported clothing, accessories such as fabrics, needles, threads, buttons, and raw fibers are also planned to be imported by companies and factories for production. The change in weather also poses a requirement for companies to import fabrics and shoes suitable for the summer weather.

2. Electric bicycle business

Along with the continuous development of society, the needs of users are increasing. The electric bicycle market is quite diverse nowadays with flexible and diverse lines in terms of style, quality, and increasingly improved competitiveness. This is a trend that is not too new for humans, but it is still maintained stably when electric bicycle and sports bicycle users over the years only increase rather than decrease.

Electric bicycles are currently a popular means of transportation. With many beautiful, compact designs, suitable for all ages. To dominate the market, electric bicycles today focus on beautiful design, good quality, reasonable price, and good warranty and after-sales service. Buying an authentic electric bicycle not only ensures quality but also does not have to worry when the car breaks down or has problems.

With the trend of using electric bicycles instead of bicycles is growing rapidly. Basically, an electric bicycle is an upgrade from a regular bicycle but with some additional parts such as batteries, motors, and speed controllers. These parts help the car to move with electricity instead of pedaling like a regular car. Although the car is still limited in terms of distance and speed, it is still widely used because it is small and very easy to operate during use.

3. Sports bicycle business

The trend of choosing bicycles instead of motorbikes is being loved and chosen by office workers. Sports bicycles are chosen by office workers mainly to experience, and for racers, it is also a priority that is increasingly preferred.

Sports bicycles are a popular type of bicycle today, including mountain bikes, racing bikes, performance bikes, road bikes, etc., with different purposes and terrain as well as interests. The design and configuration of sports bicycles are completely different from regular bicycles with a single-speed movement configuration.

In addition, it cannot be denied the spiritual benefits that sports bicycles bring to users. Every morning and evening, you can both relax and move conveniently, and especially help you avoid traffic jams quickly and effectively. These are the reasons why sports bicycles are gradually becoming the leading trend in recent years.

4. Auto parts business

In recent years, as the domestic economy has developed, many families have not hesitated to own a car to serve their transportation needs. And it is also because of the rapid increase in this type of vehicle that the demand for using various spare parts has also increased. This item is imported from major markets such as: China with 78.9 million USD, Thailand with 65.1 million USD, South Korea with 62.5 million USD, Japan with 35.3 million USD, India with 27.8 billion USD, Indonesia with 24 million USD. This shows that the automotive market is growing very strongly and the following trend of spare parts and components is also showing growth. This promises to become a very promising business sector in the present and future.

5. Solar energy equipment business

Climate change is becoming increasingly severe, putting increasing pressure on society, demanding political action, and each individual also needs to raise awareness of action to save the earth, and further save themselves, their families. Photovoltaics, or solar power, is the conversion of sunlight into electricity, an important part of the energy transition process to soon move away from fossil fuels. Therefore, the trend of using solar energy equipment is increasing. This development is likely to continue in the long term, even though the price of modules has recently increased due to supply chain disruptions following the COVID-19 pandemic. This renewable energy source is becoming increasingly important as the Net Zero target approaches, the energy crisis shows no signs of improvement, and the war in Ukraine shows no signs of optimism. The business of solar energy equipment is a trend in recent times.

MDCT Logistics

MDCT Logistics is proud to be a reliable and quality freight forwarding and sourcing company in the Chinese market. If you need to import any goods, MDCT would be happy to consult and provide services to you.

 

 

Tags : China-Vietnam, international, logistics, MDCTlogistics
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