On September 7, the Ministry of Industry and Trade held an information meeting on a series of events connecting international goods supply chains - Vietnam International Sourcing 2023.

The series of events co-hosted by the Ministry of Industry and Trade in coordination with the People's Committee of Ho Chi Minh City, took place from September 13 to 15 at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City.

The event took place in the context that in recent years, Vietnam has been transforming strongly to become a major global manufacturing center with the ability to supply the world market with many diverse products at competitive prices. Painting, high quality.

Especially after the Covid-19 pandemic and recent geopolitical instability, many corporations, retail and wholesale distribution channels are promoting diversification strategies to ensure sustainable supply. And they have chosen Vietnam as a strategic location in this supply chain.

Mr. Ta Hoang Linh, Director of the European - American Market Department (Ministry of Industry and Trade), expressed: "We want to help Vietnamese businesses take advantage of that opportunity. This event will have the participation of many large corporations, such as Amazon, Boeing, AES, especially Walmart Group - a giant hypermarket chain in the world, their senior directors will come to Vietnam. This time and had a meeting with leaders of the Government, ministries and branches with the desire to create a new purchasing channel."

Mr. Tran Phu Lu, Director of Ho Chi Minh City Investment and Trade Promotion Center (ITPC), also said that in the context of general economic difficulties, the city's import-export activities also decreased. In the first 8 months of the year, the city's total import-export turnover decreased by over 20% over the same period, the export segment decreased by 15.3%.

Therefore, this series of events is expected by the city to support businesses in expanding export markets.

“This event will bring together a large number of distributors from major markets. Through understanding the business's needs, they are very excited. We expect the program not only to take place this year but to be maintained and expanded in the following years" - Mr. Lu shared.

According to information from the organizing committee, this series of events recorded the unprecedented participation of the Trade Office system and Vietnam Trade Office branches abroad. Therefore, the event is expected to have the unprecedented participation of major corporations in the world.

During the three days of the event, there will be 10 thematic seminars and business forums, trade connections with the participation of large corporations such as Aeon, Uniqlo (Japan); Walmart, Amazon, Boeing, AES (USA), Carrefour, Decathlon (France); Central Group (Thailand); Coppel (Mexico); IKEA (Sweden), LuLu (UAE)...

In addition, the organizing committee also coordinated with localities to bring purchasing teams to survey businesses in some localities.

Minh Toan