Working with foreign retailers helps local firms boost innovation

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.
Working with foreign retailers helps local firms boost innovation ảnh 1Consumers at the food section of an AEON Mall in HCM City (Photo: VNA)

HCM City(VNA) – Thanks to their cooperation with multinational groups and foreignretailers, many Vietnamese businesses have been stepping up innovation to meetstandards in both domestic and foreign markets, Deputy Minister of Industry andTrade Do Thang Hai said.

At a workshop of AEON Vietnam’s suppliers in HoChi Minh City on June 11, Hai said promoting the presence of made-in-Vietnamproducts in modern distribution channels is now an important task of theindustry and trade sector.

The Ministry ofIndustry and Trade always creates the best possible conditions formultinational groups and retail firms, including Japanese-invested AEONVietnam, to develop in the country, he affirmed.

Hai urged AEON Vietnam to enhance coordinationwith local agencies to help improve the production and business capacity ofdomestic firms, as well as the quality of and requirements for Vietnamesegoods, which, he said, is critical for the retail market of the country.

Some market research agencies reported that inthe local retail market, consumers’ habits are being modernised whilebusinesses are adopting more methodological production and business models. Asa result, companies are gradually improving their competitiveness and furtherengaging in global supply chains.

[Vietnamese goods spotlighted in Japan’s AEON chain]

Sharing the view, Vietnamese enterprises saidboosting the purchase and export of goods through modern distribution channelscreate chances for them to change production and business models and betterintegrate into the world economy.

Through the distribution networks ofmultinational groups and foreign retailers, Vietnamese products are sold in thedomestic market as well as other potential markets where these firms havedistribution systems, they added.

Yasuo Nishitohge, General Director of AEONVietnam, said after five years since it entered the Vietnamese market, AEONVietnam has set up nine member companies operating in various fields and openedfour trade centres.

It is planning toinaugurate two other shopping malls in the capital city of Hanoi and thenorthern port city of Hai Phong and expand its shopping mall in Ho Chi MinhCity’s Tan Phu district in the time ahead, he said.

The firm is also going to open storesspecializing in certain products like bread or bicycles, he said, noting thatit wants to expand its investment and business network by cooperating with Vietnameselocalities and companies.

AEON Vietnam also hopes to enhance cooperationwith domestic and foreign suppliers to serve local consumers and increaseVietnamese exports to Japan and other Asian markets, Nishitohge added.

The workshop attracted 150 representatives of 75potential suppliers in such industries as food, garment and household appliances.-VNA
VNA

See more

Vice Chairman of the Ho Chi Minh City People’s Committee Hoang Nguyen Dinh delivers remarks at the working luncheon themed “Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC) – Vision and Investment Opportunities”. (Photo: VNA)

Ho Chi Minh City strengthens global engagement at WEF Davos 2026

Vice Chairman of the Ho Chi Minh City People’s Committee Hoang Nguyen Dinh presented the city’s strategic vision, policy orientation and development priorities for building a modern, transparent and globally connected finance – technology ecosystem, with science – technology, data, artificial intelligence and fintech identified as core pillars.

The VSS reported that total accumulated reserves across the social, health, and unemployment insurance funds now top 1.5 quadrillion VND. (Illustrative photo: VNA)

VSS pledges tighter fund management, diversified investments

The VSS will also impose stricter financial discipline in fund management, while pursuing broader diversification of investment portfolios, as guided by the principle of “safety, sustainability, and efficiency”. This approach aims to secure strong liquidity for prompt benefit payouts and support growth in Vietnam’s capital markets and overall economy.

The ceremony unveiling AFT Connect portal (Photo: nhandan.vn)

AFT Connect portal links Vietnamese clean food producers

The platform is expected to serve as shared digital backbone enabling stakeholders in the clean food sector to gradually digitise, standardise, and publicly disclose information, ultimately aiding the fight against unsafe products and protecting consumer interests.

A Vietcombank employee guides a client in biometric process (Photo: qdnd.vn)

Vietnam's biometric surge powers digital banking overhaul

As the Party identified breakthroughs in science – technology and innovation as a key driver of national progress, the mastery and adoption of biometric technologies must go hand in hand with safeguarding public trust, data security, and citizens’ interests, all aligned with the people-first philosophy guiding the country's digital agenda.

A spring fair kicks off in the central Da Nang city on January 22, 2026 (Photo: VNA)

Da Nang 2026 spring fair features 200 booths

The fair features a diverse range of products and services, focusing on items for Tet such as food and beverages, regional specialties, OCOP products, and rural and industrial goods; fashion, footwear, cosmetics, and sports equipment; health care products and beauty services; household items, interior and exterior décor, and handicrafts; as well as equipment, technology, and services in sectors like electronics, automobiles, and telecommunications.

The Ministry of Finance is working to establish a mechanism for regular and ongoing dialogue with international credit rating agencies, including Fitch, Moody’s and S&P. (Illustrative image: VNA)

Fitch Ratings upgrades Vietnam’s senior secured long-term debt rating to BBB-

The rating for Vietnam’s secured long-term debt was raised to BBB-, equivalent to investment grade, one notch higher than the country’s long-term foreign-currency rating on unsecured debt, which remains at BB+. The upgrade followed Fitch’s review under its revised Sovereign Rating Criteria issued in last September, said the Ministry of Finance.

A view of the site where the Ninh Thuan 1 Nuclear Power Plant is located in Phuoc Dinh commune, Khanh Hoa province (Photo: VNA)

Nuclear experts urge century-long commitment at 14th Party Congress

VietNuc’s executive board, including Chairman Bui Nguyen Hoang from the Électricité de France SA (EDF) (EDF), Ung Quoc Hung from Setec Nucléaire Group, and Vu Minh Ngoc from French National Radioactive Waste Management Agency Andra, hoped that the Congress would refine mechanisms and policies to better tap OV nuclear talents.

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, speaks at the seminar (Photo: VNA)

Indonesia ready to cooperate with Vietnam in halal sector

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, described Vietnam as a “potential supplier” of halal products with the capacity to play a larger role in the market, particularly in the fast-moving consumer goods (FMCG) sector. He revealed a plan to visit Vietnam next week to discuss the country’s progress in the global halal industry.