HCM City(VNA) – Thanks to their cooperation with multinational groups and foreignretailers, many Vietnamese businesses have been stepping up innovation to meetstandards in both domestic and foreign markets, Deputy Minister of Industry andTrade Do Thang Hai said.

At a workshop of AEON Vietnam’s suppliers in HoChi Minh City on June 11, Hai said promoting the presence of made-in-Vietnamproducts in modern distribution channels is now an important task of theindustry and trade sector.

The Ministry ofIndustry and Trade always creates the best possible conditions formultinational groups and retail firms, including Japanese-invested AEONVietnam, to develop in the country, he affirmed.

Hai urged AEON Vietnam to enhance coordinationwith local agencies to help improve the production and business capacity ofdomestic firms, as well as the quality of and requirements for Vietnamesegoods, which, he said, is critical for the retail market of the country.

Some market research agencies reported that inthe local retail market, consumers’ habits are being modernised whilebusinesses are adopting more methodological production and business models. Asa result, companies are gradually improving their competitiveness and furtherengaging in global supply chains.

✨[Vietnamese goods spotlighted in Japan’s AEON chain]

Sharing the view, Vietnamese enterprises saidboosting the purchase and export of goods through modern distribution channelscreate chances for them to change production and business models and betterintegrate into the world economy.

Through the distribution networks ofmultinational groups and foreign retailers, Vietnamese products are sold in thedomestic market as well as other potential markets where these firms havedistribution systems, they added.

Yasuo Nishitohge, General Director of AEONVietnam, said after five years since it entered the Vietnamese market, AEONVietnam has set up nine member companies operating in various fields and openedfour trade centres.

It is planning toinaugurate two other shopping malls in the capital city of Hanoi and thenorthern port city of Hai Phong and expand its shopping mall in Ho Chi MinhCity’s Tan Phu district in the time ahead, he said.

The firm is also going to open storesspecializing in certain products like bread or bicycles, he said, noting thatit wants to expand its investment and business network by cooperating with Vietnameselocalities and companies.

AEON Vietnam also hopes to enhance cooperationwith domestic and foreign suppliers to serve local consumers and increaseVietnamese exports to Japan and other Asian markets, Nishitohge added.

The workshop attracted 150 representatives of 75potential suppliers in such industries as food, garment and household appliances.-VNA