MoIT assists SMEs in linking supply with demand

11:16 | 05/03/2018 Trade

(VEN) - In 2018, in the framework of the Buy Vietnamese Goods campaign, the Ministry of Industry and Trade (MoIT) will assist small and medium-sized enterprises (SMEs) in connecting supply and demand to promote the sale of Vietnamese goods, according to Deputy Minister of Industry and Trade Do Thang Hai.

moit assists smes in linking supply with demand

In 2018, the MoIT will provide SMEs with active support to enhance the competitiveness of Vietnamese goods

In 2017, the MoIT organized many supply-demand connection conferences, creating opportunities for businesses to promote the sale of agricultural and rural industrial products, focusing on high-output seasonal products of provinces such as Bac Giang, Hai Duong, Hung Yen, Quang Nam, Quang Ngai, Phu Yen, Binh Dinh and Soc Trang. Many agricultural products, such as water-melon, litchi, shallot, guava, custard-apple and dragon fruit, have entered major distribution networks, among them Saigon Co.op, Hapro, Fivimart, Lotte, AEON, Vinmart, Big C, and major wholesale markets, such as Thu Duc, Binh Dien, Hoc Mon and Dong Xuan. About 700 supply chains have been formed among 50 provinces and cities nationwide, supplying safe agricultural products, such as vegetables, fruit, tea, meat, eggs, rice and seafood.

In addition to connecting businesses with domestic distribution systems, the MoIT has organized programs to connect them with foreign invested distributors to promote the sale of Vietnamese goods abroad. Through Vietnamese Goods Week events organized annually in supermarket chains of France, Thailand and the Republic of Korea, Vietnamese agricultural, forest and aquatic products, processed food and consumer goods, have been exported directly to global retail chains, such as Big C, AEON and Lotte, with annual value amounting to billions of US dollars.

Deputy Minister Do Thang Hai said under Article 13 of the Law on Support for SMEs that took effect on January 1, 2018, ministries, departments and sectors, as well as the people’s committees of provinces and cities, are responsible for organizing distribution networks for SMEs. Therefore, one of the major tasks of the MoIT in 2018 is putting in place policies that facilitate SME access to domestic distribution channels. Distribution channels will be offered major preferences in terms of tax, fee and land rent if more than 80 percent of goods on shelves are made by domestic SMEs. This will help businesses introduce their products to consumers, increase market share and enhance the competitiveness of Vietnamese goods.

To help businesses enhance their competitiveness, the MoIT will concentrate on persuading foreign invested companies to use Vietnamese-made materials and fuels. The National Trade Promotion Program will focus on boosting Vietnamese goods sales in rural, mountainous, border and island areas, helping businesses increase sales and enabling consumers in these areas to buy high-quality Vietnamese goods.

Lan Phuong