The Ministry of Industry and Trade said that Walmart Retail Group plans to send senior personnel to participate in the event Connecting International Suppliers - Vietnam Sourcing 2023 organized by the Ministry of Industry and Trade from September 13-15. in City. Ho Chi Minh City to introduce and seek cooperation opportunities with Vietnamese businesses in Walmart's global value chain.

The Walmart delegation will be led by Mr. Avineesh Gupta, Executive Vice President in charge of sourcing textiles and fast-moving consumer goods to attend the event.

According to the European - American Market Department (Ministry of Industry and Trade), under the impact of recent global geo-economic and political fluctuations, thanks to a stable socio-economic environment, Vietnam is considered an attractive address to receive the transition of the supply chains of many of the world's leading corporations.

The main purpose of Walmart's senior leadership team coming to Vietnam this time, in addition to attending the Vietnam Sourcing 2023 event, will focus on understanding Vietnam's macro environment, supporting industry development policies, and efforts to efforts to improve labor standards, intellectual property, production conditions, and promote exported goods to other countries; Explore the potential areas that have been and are being developed in Vietnam.

On this occasion, Walmart Group wishes to connect with strategic suppliers in Vietnam with competitive prices, guaranteed quality and compliance with social and environmental responsibilities; especially focusing on the textile and food sectors; Among them, there are seafood.

Currently, Walmart wants to develop the number and quality of suppliers in Vietnam as well as seek further cooperation opportunities with local suppliers.
According to the Ministry of Industry and Trade, in recent years, exporting to the distribution systems of foreign retail corporations has truly become an effective and sustainable export channel.

Through the support of the world's leading retail distribution corporations, high quality Vietnamese products, from agricultural products and food to household appliances, furniture, textiles... have reached millions of hands. consumers through distribution systems spread around the world.

The active activities of the world's leading retail distributors such as Walmart, Aeon, Uniqlo, Decathlon, Coppel, Central Retail, Mega Market... in sourcing goods in Vietnam is a testament to the business cooperation relationship. Economy and trade are increasingly closely linked between Vietnam and partners in the United States, EU, Japan, Korea, Thailand..., thereby demonstrating the growing attractiveness of Vietnam as both a retail market, and an important source of supply for the global supply chain.

Therefore, the presence of Walmart Group at the Vietnam Sourcing 2023 event is expected to be an important push to help domestic businesses and suppliers better understand Walmart's supply development strategy; From there, we can build a suitable approach strategy and successfully participate in Walmart's global value chain./.

Minh Toan