Hanoi boosts nationwide trade

Hundreds of memorandums of understanding have been signed to promote socio-economic development between Hanoi and other localities nationwide.

A host of businesses from Hanoi and other cities and provinces signed MoUs at the conference

The signing was part of a recent conference aiming to promote trading and connecting supply and demand between Hanoi and other cities and provinces.

Specifically, the conference aimed to respond to the campaign “Vietnamese people giving priority to Vietnamese goods,” boosting trade and key products’ consumption between Hanoi and other localities, striving to bring farm products and foodstuff for people living in the capital at the end of the year and the 2018 Lunar New Year.

According to the Hanoi Department of Industry and Trade, with a population of 10 million people, Hanoi’s demand for agricultural products is very high. Particularly, consumption around the New Year and the Lunar New Year is expected to increase by 5-20 per cent, while the city’s enterprises only meet 30-60 per cent of the local people’s consumption demand.

Therefore, Hanoi has started promoting linkage activities, connecting supply and demand between cities and provinces across the country.

Farm produce on display

The value of goods brought in throughout the whole year of 2018 is expected to be about VND100 trillion ($4.4 billion), accounting for 40 per cent of total retail sales in Hanoi.

To date, many key goods from other cities and provinces have received supported in design and packaging, as well as quality improvement by Hanoi’s large distribution companies, enabling the products to enter modern distribution channels not only in Hanoi but also in foreign distribution chains such as Japan’s AEON, Korea’s Lotte, and Thailand’s Big C.

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By Van Anh