Vietnam interested in joining global supply chains
Vietnam has been interested in joining the global supply chain and management governance, which is considered an effective competitive tool for businesses to control the market, build up confidence among customers and increase profits and connectivity with global partners, said a trade official.
Vietnam has been interested in joining the global supply chain and management governance (Illustrative image. Source: VNA)
Hanoi (VNA) - Vietnam has beeninterested in joining the global supply chain and management governance, whichis considered an effective competitive tool for businesses to control themarket, build up confidence among customers and increase profits andconnectivity with global partners, said a trade official. At a workshop in Hanoi on October 6, DeputyMinister of Industry and Trade Do Thang Hai said the Ministry of Industry andTrade (MoIT) has advised the Government to build a number of projects andprogrammes to promote the consumption of domestic goods and help enterprises toexpand markets and organise goods supply chains. He cited the domestic market developmentproject in association with the campaign “Vietnamese people prioritise using Vietnamesegoods”; the rural trade development project in 2010-2015 with a vision until 2020;the project promoting Vietnamese firms to export to foreign distributionnetworks by 2020; the national trade promotion programme; the nationalindustrial encouragement programme through 2020; and the trade developmentprogramme in mountainous, remote, sea and island regions in 2015-2020. Deputy Director of the MoIT’s Domestic MarketDepartment Le Viet Nga said the supply chains play an important role insupporting enterprises to operate effectively and promoting economic growth. Global firms tend to join supply chains toincrease profits and achieve sustainable development, she said, adding that theengagement in well-managed supply chains will enable them to have moreopportunities to dominate the markets, gain trust from customers and expandbusiness strategies. Since 2013, the MoIT has approved 1,025projects with a total cost of 511.5 billion VND (22.5 million USD), including77 projects worth over 154 billion VND (6.7 million USD) to promote domestictrade in mountainous, border, sea and island areas.-VNA
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Vietnam has been interested in joining the global supply chain and management governance (Illustrative image. Source: VNA)
