Illustrative image (Photo: VNA) Hanoi (VNA) – The Top Thai Brands 2019 exhibition kickedoff in Hanoi on May 23, attracting 120 exhibitors with 160 stalls.
Co-hosted by the Thai Ministry of Commerce and the VietnamNational Trade Fair & Advertising Company, the event has been displayingfood and beverages, household appliances, childcare and health care products, appareland accessories, automobile and motorbike components, trade services andothers, said Deputy Director of the Vietnamese Ministry of Industry and Trade(MoIT)’s Trade Promotion Agency Le Hoang Tai.
Deputy Director of the MoIT’s Domestic Market Department LeViet Nga hailed Vietnam as a promising retail market with a population of over93.7 million people, 60 percent of whom are 18-50 years old.
Moreover, household expenditure is forecast to rise by 10.5percent each year, which will rise to 714 USD per month by 2020, she said.
Currently, Thai products navigate the Vietnamese market via fourmajor distribution channels, including Mega Market with 19 supermarkets,B’smart with 75 convenience stores, Big C with 32 supermarkets, and Robinsonwith a chain of Thai outlets.
The Thai government always offers favourable conditions forThai firms to join trade exhibitions in ASEAN member countries. There arebetween a dozen and 20 Thai goods exhibitions held in Vietnam every year, eachwith some 100-300 stalls.
Thai firms also offer financial assistance in advertisingand joining domestic fairs, as well as flexible product return policy toVietnamese distributors, thus improving their competitiveness.
Under the ASEAN Trade in Goods Agreement, nearly 98 percentof import taxes have been removed, making it easier for Thai goods to enterVietnam.
Thanks to close proximity between the two countries, time andcost for goods transportation has also been saved.
The exhibition afforded Vietnamese and Thai businesses achance to expand markets, as well as seek partners and business opportunitiestowards achieving a more balanced trade.–VNA
Co-hosted by the Thai Ministry of Commerce and the VietnamNational Trade Fair & Advertising Company, the event has been displayingfood and beverages, household appliances, childcare and health care products, appareland accessories, automobile and motorbike components, trade services andothers, said Deputy Director of the Vietnamese Ministry of Industry and Trade(MoIT)’s Trade Promotion Agency Le Hoang Tai.
Deputy Director of the MoIT’s Domestic Market Department LeViet Nga hailed Vietnam as a promising retail market with a population of over93.7 million people, 60 percent of whom are 18-50 years old.
Moreover, household expenditure is forecast to rise by 10.5percent each year, which will rise to 714 USD per month by 2020, she said.
Currently, Thai products navigate the Vietnamese market via fourmajor distribution channels, including Mega Market with 19 supermarkets,B’smart with 75 convenience stores, Big C with 32 supermarkets, and Robinsonwith a chain of Thai outlets.
The Thai government always offers favourable conditions forThai firms to join trade exhibitions in ASEAN member countries. There arebetween a dozen and 20 Thai goods exhibitions held in Vietnam every year, eachwith some 100-300 stalls.
Thai firms also offer financial assistance in advertisingand joining domestic fairs, as well as flexible product return policy toVietnamese distributors, thus improving their competitiveness.
Under the ASEAN Trade in Goods Agreement, nearly 98 percentof import taxes have been removed, making it easier for Thai goods to enterVietnam.
Thanks to close proximity between the two countries, time andcost for goods transportation has also been saved.
The exhibition afforded Vietnamese and Thai businesses achance to expand markets, as well as seek partners and business opportunitiestowards achieving a more balanced trade.–VNA
VNA
