Vietnamplus

Shinhan Life Insurance of the Republic of Korea on January 25 launched operations in Vietnam.

Modern distribution channels in Vietnam will be diversified by small stores in 2021, especially minimarts, market researchers Nielsen have said.

To fuel the production, trading, and consumption of Vietnamese goods, the Prime Minister has approved a project on developing the domestic market in association with the “Vietnamese people prioritise Vietnamese goods” campaign.

For Vietnamese products to enter foreign distribution channels, it was necessary to be more professional and stable in product quality, said experts.

Vice Chairman of the Hanoi People’s Committee Nguyen Doan Toan signed a document on May 20 calling for the involvement of overseas Vietnamese in introducing and developing distribution channels abroad for Made-in-Vietnam goods in the 2020-2024 period.

The ASEAN Post on May 11 published an article titled “Building food security during the pandemic”, calling on the international community to act immediately to keep food supply chains operating.

The Ministry of Industry and Trade (MoIT) and wholesaler MM Mega Market Vietnam, a subsidiary of Thailand-based TCC Group, on August 8 agreed to strengthen cooperation that will allow more Vietnamese goods to enter the firm’s retail chains, both at home and overseas.

A week of events showcasing Vietnamese agricultural products is scheduled to take place at the Rungis International Market in Paris, France, from June 23 to July 2, according to the Hanoi People's Committee.

A plan approved by Prime Minister Nguyen Xuan Phuc targets that 11 percent of Vietnam’s population will have bought life insurance by 2020, and the rate will reach 15 percent by 2025.

Ho Chi Minh City is seeking to improve the traceability of agricultural produce sold through both modern and traditional retail channels to improve food safety.

Grab on July 10 announced GrabPlatform, as part of its open platform strategy to build Southeast Asia’s first everyday superapp.

Thanks to their cooperation with multinational groups and foreign retailers, many Vietnamese businesses have been stepping up innovation to meet standards in both domestic and foreign markets, Deputy Minister of Industry and Trade Do Thang Hai said.

Along with ensuring quality and safety, Vietnamese firms should make their products’ price suitable and meet customers’ demands to sell in foreign distribution channels, said Naohisa Saeki, AEON Vietnam’s Deputy General Manager.

Domestic trade and services have played an important role in meeting people’s consumption demand and contributing to the economy’s growth in recent years, an official of the Ministry of Industry and Trade (MoIT) has said.

The training workshop “Supporting Vietnamese Enterprises’ Participation in Foreign Distribution Networks” took place in Hanoi on May 8, gathering 180 exporters from northern provinces.

Vietnamese businesses need to get involved in the Republic of Korea (RoK)’s goods value chains via distribution channels and pay more attention to positioning products and label designing to build brands in the market.

Up to 78 percent of businesses have been positive about Vietnam’s economy, according to a survey on the private equity (PE) sector conducted by Grant Thornton Vietnam, which provides assurance, tax and advisory services.

The Ministry of Industry and Trade (MoIT) and the US Agency for International Development (USAID) jointly held a consultation workshop on May 4 on the draft domestic trade development strategy to 2025 with a vision towards 2035.

Vietnam needs to draw up a strategy to develop a national brand name for food as it is among commodities with great potential and increasing added value.