Ministry assists exporters in optimising foreign distribution channels
Vietnamese fruits at an AEON supermarket (Photo: VNA)
The distribution systems of foreign retailers have become an effective and sustainable export channel, and the Ministry of Industry and Trade (MoIT) will continue to support domestic firms to make the most of this channel, said Deputy Minister of Industry and Trade Do Thang Hai.Speaking at a conference in Hanoi on February 22 to seek ways to speed up the implementation of a project to promote Vietnamese businesses’ direct participation in foreign distribution channels until 2030, Hai said that since the first phase of the project was conducted in 2015, Vietnamese products have reached millions of consumers across the world through the networks.
In order to effectively implement the project, the MoIT will continue to work to expand the network of strategic partners of the project, especially foreign retailers who are now present in Vietnam or show interest in the transition of the supply chain to the Vietnamese market, he said.
Hai added that the ministry will also coordinate with localities and trade associations to select key businesses to receive support from the project, while designing suitable policies to encourage exporters to directly export their products, helping them optimise cross-border e-commerce, and calling on banks to assist them in financial solutions.
The official said he hoped that foreign distributors and importers will continue to promote their roles as strategic partners of the project and help Vietnamese firms expand their export markets and join more deeply in the global supply chains.
Ta Hoang Linh, Director of the MoIT’s Europe-America Market Department, said that so far, 50 ministries, sectors and localities have submitted their action plans and coordination units to the ministry, showing their high awareness of the importance of this distribution channel.
Linh said that in 2023, the ministry plans to call for more distributors and importers, while organising training courses for local firms and conferences to connecting them and foreign distributors.
Vietnamese goods’ weeks will also be held abroad to introduce Vietnamese products to consumers across the world, he said, adding that a database on Vietnamese reputable exporters and foreign distributors will also be built and published at the project’s website.
Linh revealed that Vietnam International Sourcing 2023 will be organised within the project’s framework.
A representative from Thai-invested Central Retail Vietnam advised local enterprises to ensure their supply capacity and continuity in trade activities.
Nguyen Thanh Huan, Vice Director of An Giang province’s Department of Industry and Trade, proposed the Europe-America Market Department and the Vietnam Trade Office in France help the province to organise a conference to receive a French delegation to explore the partnership opportunities with their local peers.
An Giang businesses also hoped for assistance, guidance and consultancy from market, export, marketing and branding experts, Huan said./.
Related News
Wood exports started well
13:26 | 20/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
How more than 6 tons of smuggled gold transported to Vietnam?
07:49 | 05/04/2024 Anti-Smuggling
Latest News
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
More News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Your care
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export