Giant groups join hands to increase consumption of domestic goods
Giant groups join hands to increase consumption of domestic goods
More than ten Vietnamese giant groups belonging to the Ministry of Industry and Trade signed a voluntary co-operation agreement yesterday stating they would use each others' products. By doing so, they hoped to boost consumption of Vietnamese goods and help each other solve business difficulties.
The groups include Vietnam National Oil and Gas Group, Vietnam Coal and Mineral Industries Group, Vietnam Garment and Textiles Group, Vietnam Paper Corporation and Vietnam Industrial Construction Corporation.
Minister Vu Huy Hoang said the strategy would contribute to the national campaign "Vietnamese people using Vietnamese goods" which was launched in 2010. Enterprises throughout the country will also be asked to co-operate with one another in the near future.
Member Council Chairman of Vietnam Electricity Hoang Quoc Vuong said this action is essential for the country's development. This Corporation will take the agreement very seriously and work with other State-owned enterprises to overcome any difficulties.
At present, EVN needs coal, fuel, power and electric facilities and looks to sell power, transformers and electric cables.
General Director of Vietnam Textiles and Garment Corporation Tran Quang Nghi said his corporation had recently made great improvements in product quality and design, and had also succeeded in using more local materials.
Two months ago, the ministry instructed enterprises nationwide to consume more domestic goods in order to solve difficulties in production and business. The ministry's enterprises would take the lead in this initiative.
The ministry has also told its branches in major cities and provinces to determine whether the enterprises could meet local demand.
The volume of inventory items remained high in comparison with the same period last year, according to the ministry. There are about 8.9 million tonnes of coal in stock, while the inventory rate of iron, steel and cast iron increased by between 30 and 45 per cent and the rate of other items such as fertiliser, plastic products, and cars and motorbikes went up by 20 per cent.
Head of the ministry's Domestic Market Department Vo Van Quyen said the enterprises' potential to consume domestic products was very high. For example, Vietnam Chemical Corporation wants to buy coal, papers, labour uniforms and sell auto and motorbike tyres and tubes, pullers, various chemicals, welding rods and fertiliser. Meanwhile Saigon Beer Alcohol Beverage Corporation requires coal, papers and various plastic packing.
Although the country still faces a shortage of materials and advanced technologies, if each enterprise increases its production capacity, domestic materials may meet demand
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