Buyers back locally made goods

Jan 10th at 10:40
10-01-2014 10:40:33+07:00

Buyers back locally made goods

A remarkable 71 per cent of the people surveyed are satisfied with the high quality of goods manufactured in Viet Nam, an official from the Ministry of Industry and Trade has announced.

 

These locally produced goods account for almost 90 per cent of products stocked in supermarkets across Viet Nam.

Deputy Minister Ho Thi Kim Thoa stated the figures on Wednesday during a meeting between her ministry and the National Steering Committee on an ongoing campaign called "Prioritising Vietnamese goods among the Vietnamese."

She noted that after four years of the campaign, several positive developments could be seen, which have created a foundation for undertaking further efforts in the future.

According to a recent survey by the ministry, the proportion of domestic inputs and machines in production processes has increased by 25 per cent.

In addition, consumers in rural areas are slowly starting to favour goods produced locally.

However, the ministry pointed out that several challenges remained, including the unsustainable distribution of goods in rural areas, the use of promotions by some enterprises to sell inventories and goods that have passed their sell-by dates. The lack of sanctions against offenders is another problem.

Addressing the meeting, the President of the Viet Nam Fatherland Front's Central Committee, Nguyen Thien Nhan, who led the Steering Committee to the event, asked the ministry to collaborate with the Ministry of Science and Technology to support businesses to build trademarks, ensure regular supply of goods to disadvantaged areas and honour organisations and individuals who surpass the expectations of the campaign.

The nationwide initiative has benefited domestic enterprises and manufacturers, said a representative from the National Textile and Garment Group.

Nevertheless, firms continue to be burdened by the huge costs of transport, sales and management. To address these issues, the creation of distribution centres at major economic hubs and cities is required.

vietnamnews



NEWS SAME CATEGORY

ASEAN forecast upbeat for 2014

Business optimism in the ASEAN economies heading into 2014 is rising, and is currently up 45 per cent, according to new research from Grant Thornton's International...

Seafood firms eye supermarket sales

Local seafood businesses will seek to expand their businesses by selling fish products via supermarket channels, according to experts.

Saigontourist profits hit $128m to claim top tourist operator title

Saigontourist Holding Company reported increased revenues of VND2.7 trillion (US$128.5 million), while billing 480,000 foreign and local visitor bookings in 2013.

City development plan focuses on services

The Government has approved HCM City's socio-economic development plan for this decade, which focuses on restructuring the economy to make services the pre-eminent...

Capital targets $1.3b in FDI

Ha Noi has set a goal of attracting US$1.3 billion in foreign direct investment (FDI) in 2014, despite failing to meet its annual FDI targets over the past two...

VN toasts trade surplus with Japan

Viet Nam saw a trade surplus of nearly US$1.8 billion from exports to Japan last year, according to statistics compiled by the General Department of Customs.

Japanese-funded $440 mln factory inaugurated in Dong Nai

Japan’s Lixil Group opened its building material manufacturing plant in Dong Nai province’s Long Duc Industrial Zone.

Taiwan a promising market for Vietnamese products

Taiwan has become Vietnam’s fifth largest trading partner, according to the most recent press release of the Ministry of Trade and Industry (MoIT)’s Asia-Pacific...

Market-based reforms imperative, says minister

Minister of Planning and Investment Bui Quang Vinh, in a year-end exclusive interview with the Daily, said market-based reforms must be introduced in 2014 to spur...

New comer to trigger new battle on beverage market

Masan is just a “rookie” in the beverage market, but it is a name big enough for the experienced warriors to look out for.


MOST READ


Back To Top