Booming e-commerce in Vietnam is providing significant opportunities to promote sales while cooperatives are trying to improve the quality of their products to meet consumers' demands better.
The Vietnam-US supply chain needs to be consolidated to improve its resilience and to maximise profitability for “links” in the chain, said experts at the Vietnam-US Trade Forum themed “Changes – Challenges – Adaptation”.
Vietnamese commodities have made up 90% of goods sold in retail outlets owned by domestic enterprises and 60-96% of foreign supermarkets in Vietnam, according to the Ministry of Industry and Trade (MoIT), showing that more Vietnamese consumers are choosing Vietnamese goods.
President of the Vietnam Fatherland Front (VFF) Central Committee Do Van Chien has emphasised the importance of creating a healthy competitive environment for Vietnamese enterprises to improve the quality of their goods so as to serve the increasing needs of people.
The 18th Vietnam International Trade Fair (Vietnam Expo 2020) opened at the Saigon Exhibition and Convention Center in Ho Chi Minh City on December 3, with both regular and online booths to assist exhibitors.
The “Vietnamese Goods Identification – Proud of Vietnamese Goods” programme opened at the Ly Thai To Flower Garden by Hoan Kiem Lake on July 25, aiming to encourage consumers to purchase local products.
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.
Minister of Industry and Trade Tran Tuan Anh has asked agencies and organisations in all localities to strengthen the fight against corruption and trade fraud.
The northern province of Bac Ninh is hosting its second made-in-Vietnam fair under the programme of encouraging the consumption of Vietnamese products.
The General Department of Vietnam Customs (GDVC) has ordered customs agencies in provinces and cities to intensify inspections to fight origin-related frauds, violations of intellectual property (IP) rights and illegal transport of import-export goods.
Considerable developments in politics, economy, labour and socio-culture have been recorded in the Vietnam-the Republic of Korea (RoK) relations thanks to joint efforts made by the two countries since they set up diplomatic ties in 1992.
The campaign “Vietnamese prioritises using Vietnamese goods” deployed in the northern province of Phu Tho over the last nine years has proven effective, helping change the habit of locals in using domestically-produced commodities.
Economists in Africa have suggested that Vietnamese firms need to actively navigate African markets, including Ethiopia and Egypt, which are willing to welcome them to do business.
Many Vietnamese firms have shifted their focus to new markets like Myanmar but doing business in the once-isolated nation is not easy, largely due to its poorly-crafted business regulations.
Ninety-six outstanding enterprises in the “Vietnamese people prioritise using made-in-Vietnam goods” campaign will be announced at an awards ceremony to be broadcast live on VTV1 on March 17.
The household appliance industry in Vietnam has great potential, but fierce competition is expected to occur among producers, distributors and retailers.
Made-in-Vietnam goods are more competitive than those of other Asian countries in the Republic of Korea (RoK) thanks to the effective implementation of the Vietnam-RoK and ASEAN-RoK free trade agreements, experts said at a workshop in Ho Chi Minh City on November 2.
The Business Association of High-Quality Vietnamese Goods has released a list of more than 590 firms having products recognised as high quality this year.
Business
