Supply-demand connections promote agricultural sales

(VEN) - Ministries, sectors, and localities have seen initial results from their efforts to seek outlets for agricultural products through supply-demand connections. To further promote agricultural sales, however, it is necessary to tighten control over the quality of products as well as the linkage between the state, scientists, traders, and farmers.  
Supply-demand connections promote agricultural sales

Taking the initiative in connections

Litchi is one of Hai Duong Province’s major agricultural products significantly contributing to the local economy. The average output of litchis grown in Hai Duong is 50,000 tonnes per year. In 2016, the province organized five conferences aiming to promote litchi sales in Hanoi, Lao Cai, Ho Chi Minh City, and southern provinces.

Following these conferences, some supermarkets purchased large volumes of Hai Duong’s litchis, for example Co.opmart 55 tonnes, Fivimart 35 tonnes, Vinmart 30 tonnes, and Big C 25 tonnes. The province has also cooperated with foreign supermarkets, exporters, and retailers such as Kook Best, Sunny Mart, Chef Kawakami (Japan), and CJ Group (Republic of Korea), while at the same time seeking opportunities to export litchis to the US.

Binh Thuan is home to the largest dragon fruit plantations nationwide, with annual output averaging 500,000 tonnes. The province exports 80-85 percent of its annual dragon fruit output, but exports via official channels account for just two to three percent. However, Binh Thuan has seen a decline in annual litchi production output as well as exports via official channels. To improve the situation, the province has encouraged local businesses to boost exports to China and India. It has also promoted linkages between producers and distributors in order to set up new sales channels. Next year, Binh Thuan will concentrate on supporting business efforts to improve their trading capabilities and intensify trade promotion and advertising to facilitate sales.

In recent years, the Ministry of Industry and Trade (MoIT) has organized many events to connect producers and distributors of agricultural products. Within three years (2014-2016), the Agency for Regional Industry Development under the MoIT organized nine meetings nationwide with more than 250 memorandums of understanding signed.

Regarding the results of supply-demand connection activities, a representative of the Co Do Moc Chau Tea Joint Stock Company in Son La Province said that the company currently exports 95 percent of its tea output to Chinese Taipei and Japan and sells just five percent in the domestic market. In recent times, however, export prices have dropped while production costs remained high. Therefore, the company has shifted to boosting domestic sales rather than concentrating on exports. Through some events organized by the provincial Department of Industry and Trade, the company has established relations with domestic distributors to promote sales.

Tightening quality control

Supply-demand connection activities have not only promoted linkages between managers, producers, and distributors, but also contributed to the implementation of the market stabilization program.

According to a representative of the MoIT’s Domestic Market Department, however, the quality of agricultural as well as rural industrial products is unequal and their packaging remains unattractive to consumers, especially in major cities. To make their products firmly positioned in distribution networks, producers need to invest in modernizing production and use clean, environmentally friendly technologies. Along with enhancing product quality, they should pay greater attention to improving packaging. The industry and trade departments of cities and provinces need to assist businesses’ brand building and promotion efforts.

Sharing this opinion, a representative of the Quang Ninh Province Industry and Trade Department said the linkage between the state, scientists, traders, and farmers is crucial to boosting agricultural sales. It is also necessary to put in place appropriate state support policies and improve the legal framework to encourage long-term investment in agricultural value chains. Agricultural production should be organized according to the model of cooperatives to reduce production costs, increase productivity, and improve product quality.

“As memorandums of understanding signed between producers and distributors offer a good solution for selling agricultural products, its implementation should be monitored not only by its stakeholders but also by local industry and trade departments,” the representative of the Quang Ninh Province Industry and Trade Department said.

MoIT’s Domestic Market Department:

Producers need to use modern equipment and clean, environmentally friendly technologies to ensure the quality of

agricultural and rural industrial products in an effort to make them firmly positioned in distribution networks.

Viet Nga

See also

Garment, footwear exports aim to reach US$80 billion by 2025

Garment, footwear exports aim to reach US$80 billion by 2025

Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy.
Vietnam pursues green foreign trade

Vietnam pursues green foreign trade

(VEN) - Vietnam reached a record foreign trade value of an estimated US$750 billion in 2022. Vietnam Economic News’ Phuong Lan spoke with Tran Thanh Hai, Deputy Director of the Ministry of Industry and Trade’s Agency of Foreign Trade about export growth and efforts to promote green, sustainable foreign trade.
Bright future for wood pellet exports: experts

Bright future for wood pellet exports: experts

With the trend of green consumption, the demand for wood pallets will continue to rise in the future, experts said.
Vietnam posts trade surplus of 3.6 billion USD in January

Vietnam posts trade surplus of 3.6 billion USD in January

Despite decreases in both imports and exports, the country still enjoyed a trade surplus of 3.6 billion USD in the first month of 2023, according to the General Statistics Office (GSO).
Agro-forestry-fishery exports set new record in 2022

Agro-forestry-fishery exports set new record in 2022

Agro-forestry-fishery exports set a new record of over 53.22 billion USD in 2022, according to the Ministry of Agriculture and Rural Development.
Trade with UK: Record growth, untapped potential

Trade with UK: Record growth, untapped potential

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA) officially came into force on May 1, 2021. The two countries have seen bilateral trade growth despite the COVID-19 pandemic, and the UK is forecast to remain a promising export market for Vietnamese goods.

See more news

2022 foreign trade reaches a record high

2022 foreign trade reaches a record high

In 2022, Vietnam import and export turnover reached an estimated US$732.5 billion, the highest ever recorded. This is a great effort of ministries and sectors, including the Ministry of Industry and Trade in facilitating the domestic businesses to make effective use of free trade agreements (FTAs) and administrative reform, creating the most favorable conditions for import and export activities.
Garment exports expected at more than US$45 billion in 2023

Garment exports expected at more than US$45 billion in 2023

An important factor underpinning the growth of the textile and garment industry is the growth of the domestic supply of raw materials, which increases year over year.
First cargo welcomed in Hai Phong, Da Nang

First cargo welcomed in Hai Phong, Da Nang

Three terminal branches of Hai Phong Port JSC in the northern port city of Hai Phong on January 1 welcomed first cargo of 2023.
Vietnam targets textile-garment export growth

Vietnam targets textile-garment export growth

(VEN) - Free trade agreements (FTAs), especially new-generation ones, are expected to help Vietnam reach a textile and garment export value of US$45-47 billion in 2023.
The path to fostering green exports

The path to fostering green exports

(VEN) - Data from the recent Vietnam Export Promotion Forum 2022 organized by the Ministry of Industry and Trade and the European Chamber of Commerce (EuroCham) in Vietnam show that businesses in various sectors have renewed production to meet green manufacturing standards for exports, enhancing the competitiveness of Vietnamese goods in the international market. 
Agro-forestry-fishery exports to UK overcome barriers

Agro-forestry-fishery exports to UK overcome barriers

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA), effective since May 1, 2021, has created favorable conditions as well as challenges for Vietnamese agro-forestry-fishery exports to this market.
Trade promotion helps export growth

Trade promotion helps export growth

(VEN) - Trade promotion has significantly contributed to Vietnam’s export achievements. Vietnam Economic News’ Viet Nga spoke with Vu Ba Phu, Head of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE) about the agency’s work.
Trade deals: The good, bad and unpredictable

Trade deals: The good, bad and unpredictable

(VEN) -  Free Trade Agreements (FTAs) provide ample opportunities for trade. However, since many countries are constantly changing their policies with the aim of sustainable growth, businesses need to be more innovative to effectively penetrate these markets.
Vietnamese goods increase foreign presence

Vietnamese goods increase foreign presence

(VEN) - The volume of Vietnamese goods in the global trading system is on the rise, but their competitiveness remains weak. Vietnam Economic News’ Hoang Lan spoke about this issue with Deputy Director of the Ministry of Industry and Trade’s Domestic Market Department Le Viet Nga.
Global supply chains: Risks and opportunities

Global supply chains: Risks and opportunities

(VEN) - At a recent workshop on opportunities and challenges for global value chains (GVCs) held by the Ministry of Industry and Trade, domestic and foreign economists agreed that the COVID-19 pandemic has severely affected GVCs and at the same time created opportunities for them.
View more
Latest Most Read
Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

In 2023, the United Arab Emirates is taking center stage in the global efforts to address climate change and sustainability. Recently, leaders have gathered for Abu Dhabi Sustainability Week, kicking off a year of events leading up to the UAE-hosted COP28 at the end of the year.
EcoFlow introduces power and renewable energy solutions in Vietnam

EcoFlow introduces power and renewable energy solutions in Vietnam

EcoFlow – one of the leading eco-friendly energy solutions company with the vision to power a new world – today introduced a series of power and renewable energy solutions in Vietnam market. EcoFlow offers the best solution for the best possible chance to have a wonderful camping trip.
Vietnamese university up 97 places in Webometrics ranking

Vietnamese university up 97 places in Webometrics ranking

Vietnam National University (VNU) - Hanoi climbed 97 places to rank 661st in the latest Webometrics Ranking of World Universities in 2023, which was announced on February 1 by the Cybermetrics Lab, a member of the Spanish National Research Lab.
Southeast region prepares for new FDI wave

Southeast region prepares for new FDI wave

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.
Garment, footwear exports aim to reach US$80 billion by 2025

Garment, footwear exports aim to reach US$80 billion by 2025

Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy.
Vietnam plans to attract Chinese tourists

Vietnam plans to attract Chinese tourists

Vietnam's tourism industry has targeted to serve about 110 million tourists in 2023, including 8 million foreign visitors.
Dutch diplomat donates Vietnamese paintings to national museum

Dutch diplomat donates Vietnamese paintings to national museum

The ambassador collected the two lacquer paintings Kieu Hanh (Proud) and Nhung Nu Hon Tinh Yeu (Kisses of Love) when she worked in Vietnam from 1997-2001.
Key missions, solutions to socio-economic development in 2023

Key missions, solutions to socio-economic development in 2023

The Government has recently issued Resolution No. 01/NQ-CP on key missions and solutions to developing the socio-economy, improving the business climate, and enhancing national competitive capacity in 2023.
Cuc Phuong National Park among leading national parks in Asia

Cuc Phuong National Park among leading national parks in Asia

The Cuc Phuong National Park, a famous tourist destination in the northern province of Ninh Binh, has once again been named "Asia's Leading National Park".
Tet impressive in foreign ambassadors

Tet impressive in foreign ambassadors' eyes

Tet (Lunar New Year holiday) is always an interesting experience for foreigners in Vietnam. Enjoying the Tet atmosphere, foreign ambassadors have shared their feelings about the biggest traditional festival in the country.
Deputy FM highlights role of economic diplomacy in service of national development

Deputy FM highlights role of economic diplomacy in service of national development

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.
Việt Nam supports expansion of UN Security Council

Việt Nam supports expansion of UN Security Council

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.
Prime Minister assigns tasks to Deputy Prime Ministers

Prime Minister assigns tasks to Deputy Prime Ministers

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.
Taking advantage of growth opportunities: Party leader

Taking advantage of growth opportunities: Party leader

Party General Secretary Nguyen Phu Trong suggested promoting national digital transformation, digital economy and digital society in association with environmental protection while attending the teleconference between the Government and 63 provinces and cities.
Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

In 2023, the United Arab Emirates is taking center stage in the global efforts to address climate change and sustainability. Recently, leaders have gathered for Abu Dhabi Sustainability Week, kicking off a year of events leading up to the UAE-hosted COP28 at the end of the year.
Hanoi eyes 950 firms in support industries this year

Hanoi eyes 950 firms in support industries this year

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.
Vietnam to reduce environmental impact of textile-garment industry by 2030

Vietnam to reduce environmental impact of textile-garment industry by 2030

The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.
Binh Lieu mountain region powers up

Binh Lieu mountain region powers up

(VEN) - The mountainous border district of Binh Lieu in the northeastern province of Quang Ninh is changing rapidly due to investment in infrastructure of roads, electricity and schools, greatly improving the lives of the predominantly ethnic minority population.
Southeast region prepares for new FDI wave

Southeast region prepares for new FDI wave

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.
January FDI nears US$1.7 billion

January FDI nears US$1.7 billion

Vietnam attracted foreign direct investment (FDI) worth US$1.69 billion as of January 20 this year, down 19.8 percent annually, according to the General Statistics Office (GSO).
Viet Nam calls for more investment in green growth

Viet Nam calls for more investment in green growth

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.
Hanoi attracts nearly US$1.7 billion in FDI in 2022

Hanoi attracts nearly US$1.7 billion in FDI in 2022

Hanoi attracted US$1.69 billion in foreign direct investment (FDI) last year, still among the localities leading the nation in this field.
State-owned banks under capital increase pressure

State-owned banks under capital increase pressure

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.
Positive prospects for Vietnam’s stock market this year

Positive prospects for Vietnam’s stock market this year

2022 was an eventful year for the Vietnamese stock market with many records set.
Positive 2023 securities market forecasts

Positive 2023 securities market forecasts

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.
Banking sector stable, but challenges abound

Banking sector stable, but challenges abound

(VEN) - The banking sector will confront challenges in 2023 both from the international and domestic economies, requiring stabilized macroeconomic conditions and balances.
Vietnam looks ahead to 2023 climate summit

Vietnam looks ahead to 2023 climate summit

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.
Preserving nature, facilitating business

Preserving nature, facilitating business

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.
AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.
JTI Vietnam commits to net zero greenhouse gas emissions

JTI Vietnam commits to net zero greenhouse gas emissions

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.
Managed security provides IT talent gap solution for businesses in SEA

Managed security provides IT talent gap solution for businesses in SEA

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.
Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.
WHO to share mRNA vaccine technology with VietNam

WHO to share mRNA vaccine technology with VietNam

Vietnam, along with Bangladesh, Indonesia, Pakistan and Serbia will receive support from the World Health Organization (WHO)'s mRNA technology transfer hub in South Africa, announced the World Health Organization (WHO) on February 23.
Welcoming the year of digital data for Vietnam

Welcoming the year of digital data for Vietnam

(VEN) - In 2022, the government assigned more important functions and tasks in digital transformation, government, economy, society, technology, and electronic transactions to the Ministry of Information and Communications.
Vietnamese university up 97 places in Webometrics ranking

Vietnamese university up 97 places in Webometrics ranking

Vietnam National University (VNU) - Hanoi climbed 97 places to rank 661st in the latest Webometrics Ranking of World Universities in 2023, which was announced on February 1 by the Cybermetrics Lab, a member of the Spanish National Research Lab.
PM inspects national key transport projects

PM inspects national key transport projects

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.
A great chance to invest in commercial property

A great chance to invest in commercial property

Vietnam's commercial real estate sector is still in its infancy and is mostly focused on Ho Chi Minh City and Hanoi. However, industry analysts assert that the market area has a great deal of untapped potential.
Prime Minister launches New Year tree planting festival

Prime Minister launches New Year tree planting festival

Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat.
Nestlé Vietnam and the journey to sustainable development

Nestlé Vietnam and the journey to sustainable development

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.
VIMC embarks on strong recovery

VIMC embarks on strong recovery

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.
MM Mega Market launches a new modern Giá tốt business model

MM Mega Market launches a new modern Giá tốt business model

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.
PVCFC develops experts’ system

PVCFC develops experts’ system

(VEN) - The PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) recently held its annual review on accreditation of professionals and on the competency gap for experts at its headquarters in Ho Chi Minh City and Ca Mau Province.
Dutch diplomat donates Vietnamese paintings to national museum

Dutch diplomat donates Vietnamese paintings to national museum

The ambassador collected the two lacquer paintings Kieu Hanh (Proud) and Nhung Nu Hon Tinh Yeu (Kisses of Love) when she worked in Vietnam from 1997-2001.
Tet impressive in foreign ambassadors

Tet impressive in foreign ambassadors' eyes

Tet (Lunar New Year holiday) is always an interesting experience for foreigners in Vietnam. Enjoying the Tet atmosphere, foreign ambassadors have shared their feelings about the biggest traditional festival in the country.
Norwegian Ambassador experiences Vietnamese Tet traditions

Norwegian Ambassador experiences Vietnamese Tet traditions

Norwegian Ambassador to Vietnam Hilde Solbakken and her family are enjoying a lot of Vietnamese traditions during their first Tet (Lunar New Year) in the country, including “xin chu” (asking for calligraphy from scholars).
Chau Ma brocade lives on

Chau Ma brocade lives on

(VEN) - The indigenous textile products of the Chau Ma ethnic group reflect experiences, religious beliefs, skillful techniques and an enduring passion for the traditional craft practiced for generations in the Central Highlands province of Lam Dong.
Vietnam plans to attract Chinese tourists

Vietnam plans to attract Chinese tourists

Vietnam's tourism industry has targeted to serve about 110 million tourists in 2023, including 8 million foreign visitors.
The lure of Pu Luong

The lure of Pu Luong

(VEN) - Surrounded by high mountains and offering a cool climate all year round, the Pu Luong National Nature Reserve in the northern province of Thanh Hoa offers wild scenery and unique culture.
Tourism is back, big time

Tourism is back, big time

(VEN) - Although it failed to achieve the goal of welcoming five million foreign tourists in 2022, major tourism sector efforts have resulted in its strong recovery during the final months of the year, promising even more positive changes in 2023.
Trang A Chu’s unique homestay

Trang A Chu’s unique homestay

(VEN) - The A Chu Homestay in Son La Province’s Hua Tat Village welcomes as many as 3,000 foreign visitors annually, but it did not start out that way. In fact, it was on the verge of shutting down just a few years ago.
Mobile Version