At the signing ceremony (Photo: VNA) Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) and wholesaler MM MegaMarket Vietnam, a subsidiary of Thailand-based TCC Group, on August 8 agreed to strengthen cooperation that willallow more Vietnamese goods to enter the firm’s retail chains, both at home and overseas.
The agreementcame following the signing of a Memorandum of Understanding (MoU) between thetwo sides in Hanoi in an effort to develop the domestic market, campaignVietnamese people to prioritise Vietnamese goods, andfacilitate Vietnamese producers to participate in foreign distributionchannels.
In his remarksat the event, Deputy Minister Do Thang Hai said the MoU aims to promote thedistribution of Vietnamese products in MM Mega Market’s retail chains inVietnam and facilitate them to access retail stores of TCC Land International(Singapore) Pte, Ltd and other firms of the TTC Group outside Vietnam.
Under thedeal, the ministry will support MM Mega Market to seek partnership withreputable Vietnamese producers, raising the rate of Vietnamese goods in theThai-owned retail chains to 90 percent.
The two sideswill also work closely together in organising Vietnamese goods weeks, seminars andtraining courses to popularise and promote the Vietnamese products to TCC Group’s foreign distributionchannels. At the same time, they will help Vietnamese businesses and producersimprove their product quality to the standards and requirements of thedistributors.
The agreementfollows the success of cooperation between the MoIT and other major foreignretailers in Vietnam, such as AEON from Japan, Central Group from Thailand andLotte from the Republic of Korea, in supporting Vietnamese manufacturersdevelop the domestic market and enter foreign ones.
The MM MegaMarket exported Vietnamese agricultural products to Thailand for the first timelast year. The products include frozen tra fish, squid, star apple, pink flesh grapefruit and dragon fruit.
The firm will join hands with the HCM City Department ofIndustry and Trade to hold a Vietnamese goods week in Thailand this October.–VNA
VNA
