City enhances trade with southern provinces
City enhances trade with southern provinces
HCM City's process-ing plants get farm produce, seafood, food and foodstuffs from other southern cities and provinces. To ensure stable supply and keep pace with the rising demand locally and elsewhere in the country, the city has enhanced trade co-operation with 20 southern localities.
Speaking at a meeting held by the city's Department of Industry and Trade with its counterparts from 20 southern provinces and cities late last month, Le Ngoc Dao, its deputy director, said the two sides introduced their strong areas of business hoping to set up trade co-operation programmes.
The Sai Gon Trading Corporation (SATRA) has invested in seven agricultural areas in Dong Nai, Binh Duong, Lam Dong, Long An, Tien Giang, An Giang, and Dong Thap provinces.
To ensure stable supply for its processing facilities, Vissan, a subsidiary of SATRA, has invested VND600 billion (US$28.36 million) in five animal-husbandry projects in An Giang, Binh Duong, Dong Nai, Long An, and Ba Ria – Vung Tau provinces. It also supplies goods valued at VND2.4 trillion ($113.5 million) annually to these localities.
The city supplies brood animals to 13 southern provinces and invested VND192 billion in building a plant making goods for export.
Ba Huan Co has undertaken three co-operative projects with farmers in Long An, Kien Giang, and Binh Duong. It provides them with brood animals, feed, and animal husbandry techniques worth VND350 billion and sells other products worth VND500 billion per year.
Sai Gon Co.op has five projects to set up distribution networks, co-operate for production, provide funding, and to buy products worth around VND700 billion a year from these localities.
It has outlets in 19 provinces and is expected to open another one early next year, thus having Co-op Mart outlets in all 20 southern provinces that have signed co-operation deals with HCM City.
The three wholesale markets in HCM City are supplied some 8,000 tonnes of goods daily by localities across the country, especially southern provinces.
The co-operation programme has also helped HCM City-based businesses expand their retail markets and develop distribution networks across the country.
Together, they have so far opened 64 supermarkets in southern provinces.
With two new mini-marts in An Giang and Binh Phuoc, Vinatex has 19 mini-marts in 14 out of the 20 provinces.
It is also provided capital of VND25 billion a year for market stabilisation in Binh Duong and Binh Phuoc provinces.
With support from these localities, Sai Gon Co.op and Vinatex plan to open convenience stores in Dong Nai, Dong Thap, and An Giang before expanding to the other provinces.
At the meeting, the department heads agreed to enhance exchange of information, especially about demand and supply of goods, to prevent possible speculation and gouging.
They will also create favourable conditions for firms from other southern localities to access the distribution networks in HCM City.
vietnamnews
