Vietnam is expected to become a new production hub of the world, as “Made in Vietnam” products are winning larger shares in the international market, according to Russia's Sputnik news agency.
An online workshop was held on August 20, providing training and networking activities to help connect Vietnamese enterprises with foreign distribution networks.
Doosan Heavy Industries Vietnam (Doosan Vina) has exported three huge desalination devices with a total weight of over 2,000 tonnes to Bahrain, a company representative announced on April 7.
Vietnamese products have entered over 200 markets around the world including markets with strict import regulations and standards, according to the Ministry of Industry and Trade.
A circular on "Made in Vietnam" products was expected to help businesses avoid accusations of fraud, said Deputy Minister of Industry and Trade Tran Quoc Khanh at a conference held in Hanoi on September 25.
The capital city of Hanoi’s industry and trade sector has developed models to supply “made-in-Vietnam” products to rural areas, as well as industrial and processing zones which employ millions of labourers.
Vietnam resolutely prevents and strictly handles trade and origin frauds in the domestic market as well as export-import activities in a bid to protect legitimate interests of local businesses and consumers, Foreign Ministry spokesperson Le Thi Thu Hang said on August 8.
Politburo member and permanent member of the Party Central Committee’s Secretariat Tran Quoc Vuong has asked for more efforts to make made-in-Vietnam products dominate the domestic market and gain a firm foothold overseas.
The Ministry of Industry and Trade (MoIT) has proposed the Government promulgate regulations on Vietnamese goods and ‘Made in Vietnam’ products as there are no specific rules on the issue.
Thailand and Vietnam will achieve the target of raising two-way trade value to 20 billion USD in 2020, Thai Trade Counsellor to Vietnam Pannakarn Jiamsuchon said in an interview granted to the Cong Thuong (Industry-Trade) newspaper.
Vietnam’s export earnings from Thailand, a competitive market in the region, has increased sharply in recent years, with an annual average turnover of 4-5 billion USD.
After 10 years of implementation, the campaign "Vietnamese people prioritise using Vietnamese goods" has affirmed an important role for domestic trade.
The Ministry of Industry and Trade’s Import – Export Department has recently warned of the increase in trade fraud through labeling products as “Made-in-Vietnam”.
The An Giang Pride of Vietnamese Goods Fair opened in Chau Doc city in the Mekong Delta province of An Giang on December 13 in response to the “Vietnamese People Prioritise Vietnamese Goods” campaign.
The Ministry of Industry and Trade has built a project promoting the engagement of Vietnamese enterprises in foreign distribution systems through 2020 given the modest proportion of the country’s direct exports to overseas markets.
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.
Domestically-made goods occupy between 65-95 percent of shelf space at many retail chains in Ho Chi Minh City, a result attributable to the campaign “Vietnamese use Vietnamese goods”.
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