Consumers opt for local goods

Nov 21st at 13:19
21-11-2013 13:19:41+07:00

Consumers opt for local goods

A campaign launched three years ago to encourage Vietnamese consumers to purchase locally made products is showing signs of success, according to the Ministry of Industry and Trade.

 

Up to 59 per cent of consumers have prioritised using Vietnamese goods, while 38 per cent have advised their families and friends to choose home made products and 36 per cent have stopped buying or have bought fewer imported goods, having replaced them with local goods, said Le Viet Nga, deputy director of the ministry's Department of the Domestic Market.

According to the ministry's statistics, the number of consumers who believe the quality of local products has improved has increased to 77 per cent compared with just 23 per cent before the campaign was launched.

After running the campaign for three years, locally made products accounted for 80-90 per cent of goods on shelves in supermarkets such as Big C (90 per cent), Saigon Co-op and Vinatex Mart (nearly 95 per cent).

In order to further boost Vietnamese product sales, Nga emphasised the importance of continuing to improve awareness among local consumers about locally made goods, improving the competitiveness of domestic enterprises and developing effective distribution channels.

Vu Thi Kim Hanh, president of the Business Association of High-Quality Vietnamese Goods, noted that assistance should be provided to enterprises, especially small and medium-d firms (SMEs), to ensure their products appear on supermarket shelves.

SMEs faced many difficulties when negotiating with supermarkets to stock their products and often lost out to competition from multinational companies, she added.

Under the draft project created by the ministry to develop the domestic market in line with the awareness campaign for locally made products, a database of distribution systems will be set up along with store chains to ensure the availability of products with stable prices across all 63 cities and provinces.

The draft project targetted seeing 90 per cent of Vietnamese consumers using made-in-Viet Nam products, while raising the turnover of these goods through major distribution channels nationwide to over 70 per cent by 2015.

vietnamnews



NEWS SAME CATEGORY

HCM City hosts telecoms expo

The 15th International Telecoms and Information Technology (Viet Nam Telecoms 2013) exhibition in HCM City is displaying the latest telecommunication technologies...

Petrolimex revenues drop but profits rise 50%

Even though revenue in the first nine months of this year dropped slightly by 3 percent compared to the previous year, Vietnam’s largest fuel wholesaler Petrolimex...

Trade surplus with UK puts annual goal in reach

Viet Nam saw a US$2.69 billion trade surplus with the UK over the past 10 months, according to the General Department of Customs.

Instant rice meals find eager buyers

A Vietnamese-style fast food industry could develop rapidly in the coming years as instant rice products increase their presence at different kinds of outlets in...

How much do SOEs’ managers earn?

The official statistics by the Ministry of Labor, War Invalids and Social Affairs (MOLISA) showed that the managers of state owned enterprises (SOEs) earn tens of...

MARD to source foreign partners for agriculture

Vietnam has decided to boost international co-operation to develop the agricultural sector as part of plans to guarantee national food security, create jobs and...

Vinaconex scales up efforts to foster core businesses

Vietnam’s state construction giant Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) has claimed to have met its restructuring targets...

VN-China trade fair lifts business

Nineteen contracts, worth a combined US$230 million, were signed between Vietnamese and Chinese enterprises during the 13th Viet Nam-China International Trade Fair.

Stores slash prices ahead of Teacher's Day

In the run-up to the Vietnamese Teacher's Day tomorrow, the gift market is offering diverse choices, discounts and promotions.

HCM City drives Aichi auto tie-up

HCM City is seeking support and co-operation in auto manufacturing with Japan's Aichi prefecture - a locality seen as the centre of Japan's auto industry.


MOST READ


Back To Top