Ministry assists exporters in optimising foreign distribution channels

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.
Ministry assists exporters in optimising foreign distribution channels ảnh 1Vietnamese fruits at an AEON supermarket (Photo: VNA)
Hanoi(VNA) – The distribution systems of foreign retailers have become an effectiveand sustainable export channel, and the Ministry of Industry and Trade (MoIT) willcontinue to support domestic firms to make the most of this channel, said Deputy Minister of Industry and Trade Do Thang Hai.

Speaking at aconference in Hanoi on February 22 to seek ways to speed up the implementationof a project to promote Vietnamese businesses’ direct participation in foreigndistribution channels until 2030, Hai said that since the first phase of theproject was conducted in 2015, Vietnamese products have reached millions ofconsumers across the world through the networks.

In order toeffectively implement the project, the MoIT will continue to work to expand thenetwork of strategic partners of the project, especially foreignretailers who are now present in Vietnam or show interest in the transition ofthe supply chain to the Vietnamese market, he said.

Hai added that theministry will also coordinate with localities and trade associations to selectkey businesses to receive support from the project, while designing suitable policiesto encourage exporters to directly export their products, helping them optimisecross-border e-commerce, and calling on banks to assist them in financialsolutions.

The official said he hoped that foreign distributors and importers will continue to promotetheir roles as strategic partners of the project and help Vietnamese firmsexpand their export markets and join more deeply in the global supply chains.

Ta Hoang Linh, Director of the MoIT’s Europe-America Market Department, saidthat so far, 50 ministries, sectors and localities have submitted their actionplans and coordination units to the ministry, showing their high awareness ofthe importance of this distribution channel.

Linh said that in 2023, the ministry plans to call for more distributors andimporters, while organising training courses for local firms and conferences toconnecting them and foreign distributors.

Vietnamese goods’ weeks will also be held abroad to introduce Vietnamese productsto consumers across the world, he said, adding that a database on Vietnamesereputable exporters and foreign distributors will also be built and publishedat the project’s website.

Linh revealed that Vietnam International Sourcing 2023 will be organisedwithin the project’s framework.

A representative from Thai-investedCentral 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 ofIndustry and Trade, proposed the Europe-America Market Department and the Vietnam Trade Office in France help the province to organise a conference toreceive a French delegation to explore the partnership opportunities with theirlocal peers.

An Giang businessesalso hoped for assistance, guidance and consultancy from market, export,marketing and branding experts, Huan said./.
VNA

See more

National Highway 61C (Photo; baohaugiang.com.vn)

Hau Giang, JICA to upgrade national highway

National Highway 61C linking Can Tho city with Hau Giang province will feature four lanes for motor vehicles and two for non-motorized traffic, with an estimated cost of over 5.17 trillion VND (206.8 million USD).

At the ceremony (Photo: nhandan.vn)

Ha Nam grants investment certificates for two key projects

Ha Nam province on February 13 licenced the high-precision circuit board manufacturing plant of Red Board Technology (Vietnam) Co., Ltd., and the kitchenware and related metal products manufacturing plant of Casla Kitchenware JSC.

A total of 18,893 cars were sold in Vietnam in January, a drop of 40% compared to the previous month (Photo: VietnamPlus)

Car sales in Vietnam down 40% in January

Experts attributed a sharp decline in car sales to the Lunar New Year (Tet) holidays, impacting consumers' purchasing power. Consumers tend to wait for new models and releases at this time of year, contributing to lower sales during this period.

Illustrative image (Photo: VNA)

Retail fuel prices in latest adjustment

According to the new pricing, E5 RON92 bio-fuel is now priced at 20,598 VND per litre, up 156 VND, while RON95-III costs 21,074 VND per litre, an increase of 146 VND.

NA Chairman Tran Thanh Man speaks at the session on February 13. (Photo: VNA)

NA weighs new policies to boost science, technology, innovation

The resolution, presented at the February 13 session of the NA Standing Committee, seeks to establish a legal framework that would effectively boost national scientific-technological advancement and digital transformation, making them driving forces for socio-economic development to deliver on the dual targets by 2030 and 2045 as outlined at the 13th National Party Congress.

CPI in January 2025 rose by 0.98% compared to December 2024 (Photo: thoibaotaichinhvietnam.com)

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people's livelihoods.

People line up to register for land auctions in Hoai Duc district, Hanoi. (Photo: VNA)

Affordable housing for young buyers a win-win: HoREA

Most young people are ambitious and have a long career path ahead of them to generate income and repay loans. Typically, within 10-15 years, their earnings will double or triple, making such loans low-risk for banks, said HoREA