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Official Gazette

Saturday, February 4, 2023

Domestic enterprises encouraged to join in foreign distribution networks

Updated: 08:00’ - 25/11/2022
By 2030, Vietnamese goods will appear in most traditional and online distribution chains of all countries that have concluded foreign trade agreements (FTAs) with Vietnam.

Such is highlighted in the Scheme to encourage domestic enterprises to directly join in foreign distribution networks by 2030, recently approved by the Prime Minister under Decision 1415/QD-TTg.

Accordingly, the Scheme’s overall target is to develop export and import markets, ensuring their long-term and sustainable growth, and to encourage Vietnamese enterprises to strongly participate in global production, supply and distribution chains and export their goods directly to foreign distribution networks by optimizing competitive advantages of the country’s exported goods.

In light of this, it is expected to forge strategic cooperation relations between Vietnamese producers and exporters and foreign distribution networks on both traditional and e-commerce channels. New way of thinking in production and production organization toward sustainability will help improve long-term competitiveness of domestic enterprises, thereby attracting investment in green, clean and sustainable production and processing of high-quality and high-added value Vietnamese export goods and promoting Vietnam’s image as a large-quantity and reliable goods supply source.

The Scheme sets the specific targets of providing market information to 20,000 enterprises, training and consulting support for 15,000 enterprises for improvement of their competitiveness and supply capacity, with a view to step by step joining in the global value chain, and assisting some 5,000 enterprises in participating in cross-border e-commerce activities.

One of the solutions set forth in the Scheme is to assist enterprises in getting market information, building capacity for supplying goods to foreign markets and participating in cross-border e-commerce activities, gradually transforming production processes to meet sustainable consumption needs, building and developing corporate brands, and organizing connection and commercial exchange with foreign distribution networks.

Besides, policies and mechanisms will be formulated to help foreign enterprises implement sustainable purchase strategies on the Vietnamese market and help Vietnamese enterprises actively develop their overseas distribution agents.

Enterprises will also be assisted in shifting to use green and clean energy sources saving energy and developing circular economy models toward a more rational, efficient and environmentally friendly production process, and registering their product trademarks on the international market.- (VLLF)

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