Vietnam interested in joining global supply chains

Vietnam has been interested in joining the global supply chain and management governance (Illustrative image. Source: VNA)

At a workshop in Hanoi on October 6, Deputy Minister of Industry and Trade Do Thang Hai said the Ministry of Industry and Trade (MoIT) has advised the Government to build a number of projects and programmes to promote the consumption of domestic goods and help enterprises to expand markets and organise goods supply chains.

He cited the domestic market development project in association with the campaign “Vietnamese people prioritise using Vietnamese goods”; the rural trade development project in 2010-2015 with a vision until 2020; the project promoting Vietnamese firms to export to foreign distribution networks by 2020; the national trade promotion programme; the national industrial encouragement programme through 2020; and the trade development programme in mountainous, remote, sea and island regions in 2015-2020.

Deputy Director of the MoIT’s Domestic Market Department Le Viet Nga said the supply chains play an important role in supporting enterprises to operate effectively and promoting economic growth.

Global firms tend to join supply chains to increase profits and achieve sustainable development, she said, adding that the engagement in well-managed supply chains will enable them to have more opportunities to dominate the markets, gain trust from customers and expand business strategies.

Since 2013, the MoIT has approved 1,025 projects with a total cost of 511.5 billion VND (22.5 million USD), including 77 projects worth over 154 billion VND (6.7 million USD) to promote domestic trade in mountainous, border, sea and island areas.-VNA