High-quality Vietnamese goods, no longer just for exports

Nov 20th at 16:29
20-11-2021 16:29:06+07:00

High-quality Vietnamese goods, no longer just for exports

The Buy Vietnamese Goods campaign and a related project for domestic market development have increased the proportion of Vietnamese products in modern distribution systems to more than 80 percent. Vietnam Economic News’ Phuong Lan spoke with Le Viet Nga, Deputy Director of the Ministry of Industry and Trade’s Domestic Market Department, about these achievements.

Could you tell us about the 2014-2020 domestic market development project?

High-quality Vietnamese goods, no longer just for exports

Le Viet Nga, Deputy Director of the Ministry of Industry and Trade’s Domestic Market Department

The Buy Vietnamese Goods campaign and a related domestic market development project, which have been implemented since 2009 and 2014, respectively, have increased the proportion of Vietnamese products in modern and traditional distribution systems to more than 80 and 60 percent, helping connect producers with consumers, and businesses with state management agencies, socio-political organizations and localities. They have played a crucial role in ensuring sufficient supplies of essential goods since the first pandemic outbreak in early 2020. We highly appreciate retail businesses’ cooperation with the Ministry of Industry and Trade in implementing the campaign, the project and related activities. In the context of the pandemic, retailer businesses and their staff members are compared to “brave soldiers” on the market front, ensuring that goods reach consumers even during the hardest times. Businesses also played a pioneering role in sales of farm produce and other domestically made products that could not be exported due to the pandemic.

How has business thinking changed since the project was launched?

Enterprises have now acknowledged the importance of attracting consumers with product quality, application of science and technology, advanced management, pleasing design and after-sales services. Some export businesses have begun to pay attention to the domestic market with products meeting standards of discerning foreign markets. Many enterprises have formed a domestic distribution network or successfully connected with other distributors. Enterprises nowadays take the initiative in supply and demand connections. Better relations have been established between retailers and producers as well as between manufacturers and suppliers of raw materials and high-grade human resources. All these have helped increase the local content of Vietnamese goods. The product’s local content rate in the textile, garment, and leather and footwear industries, for example, has increased to over 50 percent and is expected to reach 60-70 percent in the years to come thanks to support industry development. Businesses are increasingly aware of the need to develop branding and protect their brands, participate in major events to introduce their products to domestic and foreign consumers, and work with state authorities to control trade fraud and unfair competition.

High-quality Vietnamese goods, no longer just for exports

Vietnamese goods have attracted a growing number of consumers

What are the project’s goals for the 2021-2025 period?

Having recognized the achievements of the project’s 2014-2020 phase, the prime minister has agreed to extend it for five more years. The 2021-2025 phase is integrated with socioeconomic policies and programs and will be implemented following the direction of Party committees and local authorities at all levels and with participation of businesses and the Vietnam Chamber of Commerce and Industry (VCCI). The “Made in Vietnam - Vietnam Quintessence” program, a promotion highlight in the next five years, will promote high quality and prestigious Vietnamese brands, including those with quality certifications. Another new feature is that the Buy Vietnamese Goods campaign will be digitalized, including development of online sales and trade promotion. The market management forces will take strong action to control counterfeit and smuggled goods in particular, and trade fraud in general, to protect Vietnamese consumers and businesses.

VietNam Economic News



NEWS SAME CATEGORY

Farm produce exports to Australia grow despite COVID-19

Despite the difficulties in international trade activities brought on by COVID-19, exports of Vietnamese agricultural products to Australia have enjoyed positive...

Ha Noi aims to develop smart agriculture

The capital city has implemented many high-tech agricultural production models, however, in order to move towards smart agriculture, the city will have to pay more...

Flower farmers do not dare grow large quantities for Tet amid COVID uncertainty

Many flower and bonsai farmers in HCM City and the Cuu Long (Mekong) Delta have reduced production for Tet (Lunar New Year) which falls early next year since they...

Digital transformation to create new growth engine for Viet Nam's agriculture

As digital transformation will help overcome most of the weaknesses faced by the local agriculture sector, it should be considered a breakthrough solution for...

Manufacturers proactive in ensuring continuity for industrial zone operations

Manufacturers are taking the initiative in building isolation areas in industrial zones as an effective solution to avoid the spread of coronavirus and evade...

Largest energy, environment technology exhibition opens in Ha Noi

The Hanoi International Exhibition of Environment and Energy Technology (ENTECH HANOI 2021) opened in the capital city on Wednesday, gathering 45 businesses with 70...

HCMC shuts down bars, karaoke parlors two days after reopening

Two days after allowing bars, clubs, massage and karaoke parlors to reopen, HCMC on Thursday ordered them to close down amid complex Covid-19 situations.

ADB, PVN establish partnership to promote green energy development in Vietnam

The partnership establishes the foundation for cooperation activities between PVN and ADB such as strategy and roadmap for the green energy transition.

The only European-managed industrial zone in Vietnam

DEEP C Industrial Zones launched its base in Hai Phong City, Vietnam in 1997 with the development project of Dinh Vu Industrial Zone (nowadays known as DEEP C Hai...

Vietnam garment exports set to hit US$38 billion in 2021

The export figure may rise up to US$43.5 billion in 2022.


MOST READ


Back To Top