Strengthen the development of Walmart Group's supply chain in Vietnam

22/08/2023

Minister of Industry and Trade worked with Walmart Group leaders to discuss strengthening the development of Walmart's supply chain in Vietnam, as well as measures to support Vietnamese suppliers participating in the price chain Walmart's global dominance.

Within the framework of the working program in the United States, attending the APEC Trade Ministers' Meeting and the Indo-Pacific Economic Framework (IPEF) Trade Ministers' Meeting in Detroit, Michigan, United States On the afternoon of May 25, 2023, Minister of Industry and Trade Nguyen Hong Dien had a meeting with Ms. Sarah Thorn, Senior Director, in charge of global government relations of Walmart Retail Group to discuss about strengthening the development of Walmart's supply chain in Vietnam, as well as measures to support Vietnamese suppliers participating in Walmart Group's global value chain.

At the meeting, Ms. Sarah Thorn said that Vietnam is currently in the group of 5 countries that export the most goods to Walmart's system with key products including textiles, household appliances, electronics and food. processed products.

"Request that the Ministry of Industry and Trade help support the process of expanding and enhancing the stability of the supply chain of Walmart Group in Vietnam, especially in the context of the increasing risk of supply chain disruption caused by the pandemic." and global trade and geopolitical conflicts," Walmart Group Leader expressed.

Minister Nguyen Hong Dien shared and appreciated Walmart Group's strategy of diversifying and ensuring supply, thanking Walmart for choosing Vietnam as the key to developing the Group's supply chain in the future.

Minister Nguyen Hong Dien suggested that in the coming time, Walmart needs to strengthen coordination with the Ministry of Industry and Trade in training, improving business capacity, participating in investing in building supporting industries, and helping to connect with capable US businesses in the fields of supporting industries, materials, processing... to build a "clean and stable" supply of input materials.

Also on this occasion, Minister Nguyen Hong Dien directly invited and requested Walmart Group to send delegations from the United States and offices in Asia to attend the Vietnam Sourcing 2023 event organized by the Ministry of Industry and Trade. Thuong held in September in the city. Ho Chi Minh as the main guest, had a presence and a presentation introducing opportunities for Vietnamese businesses to participate in the global value chain of Walmart Group.

 

Minh Toan
 

Other news