return icon Vietnamnet.vn

Exports via foreign retail networks prove fruitful: Official

The export of Vietnamese goods via the distribution networks of foreign retailers has proven to be an effective and sustainable channel, Deputy Minister of Industry and Trade Do Thang Hai told a recent conference in Hanoi.

Exports via foreign retail networks prove fruitful: Official hinh anh 1

Vietnamese goods sold at a Big C supermarket of the Central Retail group 

 

 

The conference reviewed the five-year implementation of a plan on promoting the engagement of Vietnamese businesses in foreign distribution networks to 2020. It saw the presence of foreign retailers such as Aeon, Walmart, Central Retail, Lotte, and Mega Market, along with Vietnamese business associations and exporters.

Hai said that thanks to the support of world leading distributors and retailers, high-quality Vietnamese products, from farm produce and food to household utensils, furniture, and garments, have now reached millions of consumers worldwide.

Participants looked at the achievements as well as the problems in implementation and set targets and solutions for the next 10 years to turn Vietnam into an important ASEAN supplier for international distributors and retailers.

Ta Hoang Linh, Director of the European - American Market Department at the Ministry of Industry and Trade (MoIT), said the ministry will continue its efforts to develop strategic partners for the plan, especially retailers already operating in Vietnam or those interested in moving their supply chains to the country.

It is set to work with business associations and localities to select key firms for providing assistance under the plan while making policies to help Vietnamese companies make use of the export channel.

In particular, he noted, the MoIT will support the export of goods via transboundary e-commerce platforms and further involve the banking system in assisting exporters.

The MoIT and retailers also introduced a handbook at the conference guiding exports via the distribution networks of partners to the plan.

Hai expressed a hope that foreign retailers, as strategic partners of the ministry, will further help Vietnamese businesses expand export markets and participate in global supply chains./. VNA

Spending falls amid COVID-19, but luxury brands continue to open in Vietnam's busy retail market

Spending falls amid COVID-19, but luxury brands continue to open in Vietnam's busy retail market

While Covid-19 has caused financial hardship for many, it has not hurt the wealthy, who are still buying luxury items but not at the same level as they did before the pandemic.

Modern retail - a pleasing experience

Modern retail - a pleasing experience

With a market size of more than $60 billion and double-digit growth each year, Vietnam’s retail industry continues to heat up the race between domestic and foreign investors.

MORE NEWS

Doha Cup 2023: Vietnam's U23 football team return home with "empty hand"

Vietnam’s U23 team left Doha Cup 2023 with an "empty hand" after a close loss to their Kyrgyz rivals on March 29 (Vietnam time).

VIETNAM NEWS HEADLINES MARCH 29/2023

Government issues details on aid for ethnic minority housing, land reclamation

GDP growth of 3.32% in Q1 nears lowest level in 13 years

Vietnam’s gross domestic product (GDP) grew by 3.32% in the first quarter of the year, higher only than the growth rate of 3.21% recorded in the first quarter of 2020 in the 2011 to 2023 period, according to the General Statistics Office.

Four Japanese banks to provide US$300 million for Vietnamese renewable energy

Four Japanese banks are set to co-finance a total of US$300 million to provide credit lines to power producers using renewable energy in the nation as part of efforts to help the growing country in its decarbonising process.

15 short stories by Vietnamese writer published in RoK

A collection of 15 short stories written by local author Nguyen Huy Thiep were introduced to Korean readers by Wisdom Publishing House in March.

Hanoi’s ancient pagoda in the red-silk cotton tree season

In March, red-silk cotton trees bloom, showing off their beauty at the thousand-year-old Thay Pagoda in Quoc Oai district in Hanoi.

VN Government calls for broad-based measures to help realty sector

The Vietnamese Government has recently urged ministries to take measures to help the realty sector get back on track and sustain its healthy growth.

EC drops health certificates requirement for Vietnamese noodles

The European Commission (EC) has recommended removing Vietnamese rice noodle and vermicelli brands from conditions that require health certificates and 20 per cent random testing at the port of entry.

Ministry of Industry and Trade proposes draft on cross-border trade

The Ministry of Industry and Trade (MOIT) is seeking public comments on a legal draft amending Decree No14 on cross-border commercial activities.

Leaders of aviation firms to be disciplined if employees committed wrongdoings

The Civil Aviation Administration of Vietnam (CAAV) has just released directive 1480, on enhancing smuggling and commercial fraud prevention among aviation employees.

Golden tourism route links six destinations of Vietnam, China

A golden tourism route connecting six destinations of Vietnam and China was launched in Hanoi on March 28, expected to help the two countries enhance cross-border tourism links.

Vietnamese Foreign Minister holds online talks with Chinese counterpart

Minister of Foreign Affairs Bui Thanh Son held online talks with Chinese State Councilor and Foreign Minister Qin Gang on March 28, during which they agreed to intensify all-level exchanges.

Vietnam International Travel Mart 2023 to spotlight cultural tourism

The Vietnam International Travel Mart (VITM) themed “Cultural tourism” will take place on April 13-16 at the Cultural Friendship Palace in Hanoi, featuring 450 pavilions from over 50 localities nationwide, and 15 countries.

Vietnam, ILO sign decent work country programme for 2022 - 2026

The Decent Work Country Programme Vietnam 2022 - 2026 was signed between representatives of the Vietnamese Government, workers, and employers and the International Labour Organisation (ILO) in Hanoi on March 28.

Vietnam vows to control cross ownership in banks

The tightening of control over cross ownership aims to stop crises at banks.
back_to_top