Economic Sector

Last updated: Friday, March 22, 2019


Leveraging Power of Connectivity

Posted: Wednesday, October 31, 2018

Linking supply chains is considered the most effective solution to increase the competitiveness of Vietnamese exports.

Experience from the business
“Connectivity is quite inadequate. Confusing and misleading information corrodes consumer trust in goods and services that cause economic losses,” said Mr Dao Hung, Deputy Director of Petrolimex Saigon Company. He recommended linking the use of goods, technology and experience of other corporations to improve competitiveness.

Mr Mai Van Chung, Director of Business Development at Bach Khoa Investment & Development of Solar Energy Corporation (SolarBK), chose to outsource for leading brands to learn about global supply chains and develop international and domestic certificates for target markets, to build credibility and quality in outsourcing process, and to look to export under the name of the company instead of outsourcing.

Enhancing connectivity among businesses is a suitable solution in the current context of economic integration, said Ms Pham Minh Huong, CEO of Vietnam Textile and Garment Group (Vinatex), adding that Vinatex’s member companies are enhancing connectivity to exchange and distribute uniforms and labour protection costumes in their two-dimensional systems, supply products for domestic corporations, and design their own production systems to meet customer demands.

Ms Le Thi Mai Linh, Vice Executive President of External Relations and Communications of Central Group Vietnam, said, “Big C is ready to cooperate with suppliers. See us as a channel to promote local agricultural products, use modern retail distribution channels to help consumers understand goods and traceability, and inspire the campaign 'Vietnamese people use Vietnamese goods.' Farmers should be aware of regulations on food hygiene and safety, organic farming, traceability and good packaging. This will build up the trust of Vietnamese consumers.”

Sharing branding development experience, Mr Nguyen Quoc Khanh, Managing Director of Vietnam Dairy Products Joint Stock Company (Vinamilk), said, to grow and create currently sustainable connectivity, holding 60 per cent of the domestic market share and exporting its products to more than 40 countries and territories with a turnover of more than US$250 million, Vinamilk always ensures product quality and joins Vietnamese goods development priority programmes.

Mr Nguyen Van Nhat, Director of Cash Management and Trade Finance, Ho Chi Minh City Development Bank (HDBank), said that through comprehensive financial solutions for supply chains, HDBank helps connect partners in the chain, from suppliers and wholesalers to distributors, helping increase sales, reduce payment risks and receive timely financial support.

Strong policy support
Ms Le Viet Nga, Deputy Director of the Domestic Market Department under the Ministry of Industry and Trade, said, Vietnam has developed an effective legal corridor and support solutions to registration and administration of geographical indications to develop and promote locality-based specialty products, and increase product value and competitiveness on the market. Data from the Domestic Market Department showed that, by mid-2018, 60 geographical indications in 39 provinces and cities had been updated, introduced and protected, in addition to thousands of other specialties like Phu Quoc fish sauce, Vinh orange and Ly Son garlic.

She added that, the ministry supports boosting consumption of domestically made products, assisting enterprises to expand the market and organising supply chains to deliver goods to consumers, particularly supporting local specialty products made by small and medium-sized enterprises (SMEs) to enter modern and traditional distribution systems like the Domestic Market Development Project associated with the Campaign “Vietnamese people give priority to using Vietnamese goods”, the Project on “Rural Trade Development in 2010 - 2015 and to 2020” and the National Trade Promotion Programme.

Business connection policies create a business ecosystem for joint production and distribution development of competitive Vietnamese products in domestic and international markets, promote connectivity to bring locally indigenous specialties and products made by SMEs to domestic distribution systems.

Ms Nguyen Huynh Trang, Deputy Director of the Department of Industry and Trade of Ho Chi Minh City, said Ho Chi Minh City and other provinces and cities will focus on strengthening cooperation of Departments of Industry and Trade, coordinating in carrying out the Market Stabilisation Programme, investment support, investment linkage and goods distribution control.

Huong Ly

Other news

Yen sao Khanh Hoa
My Le
Vietnam Export Gateway
Sunny World Property Development Corporation
Tong cu DL