Strengthening trade between businesses in Ho Chi Minh City and Nghe An province

Realize the signed contents

Last week, Vinh city residents witnessed the 2019 Product Introduction Week of Ho Chi Minh City and Nghe An Province Enterprises. Through this activity, businesses from the two localities had the opportunity to directly introduce their goods and services to consumers in Nghe An.

Leaders of Ho Chi Minh City and Nghe An province visit the booth at the product introduction week. Photo: Quang An

Mr. Le Hong Vinh - Member of the Provincial Party Committee, Vice Chairman of Nghe An Provincial People's Committee emphasized: This is an important trade promotion event in the series of activities to implement the Socio-Economic Development Cooperation Agreement for the period 2019 - 2025 between Ho Chi Minh City and Nghe An province. This is also an opportunity to promote and introduce the achievements and economic development potential of the two localities, thereby creating conditions for units and businesses to introduce and promote their brands and products. Through these activities, it actively contributes to the implementation of the Campaign "Vietnamese people prioritize using Vietnamese goods".

Many products of Nghe An attract the attention of domestic and foreign customers. Photo: Document

On the side of Ho Chi Minh City, Mr. Le Thanh Liem - Permanent Vice Chairman of Ho Chi Minh City People's Committee shared: Nghe An is a province located in the center of the North Central region, with a convenient transportation system, connecting the North and the South. Therefore, this week is not only meaningful in introducing prestigious, quality and safe products of Ho Chi Minh City enterprises to the people of Nghe An province but also to the people of the North Central region.

Opportunities for Nghe An businesses

Within the framework of the “Week of introducing products of enterprises in Ho Chi Minh City and Nghe An province”, the Workshop “Enhancing trade between enterprises in Ho Chi Minh City and Nghe An province” also took place. Thereby, learning more about the characteristics of the distribution system of Ho Chi Minh City as well as Nghe An province, about consumer tastes to penetrate the market, expand the market share of goods consumption more effectively.

This is also an opportunity for businesses of the two localities to learn about each other's production and supply capacity, investment needs, and propose policies to encourage investment and promote production and business.

Nghe An and Ho Chi Minh City businesses brought many unique products to the product introduction week. Photo: Quang An

Ho Chi Minh City market has its own characteristics compared to other local markets, and at the same time has great potential.

Specifically, this is a market with large purchasing power and consumption, with an estimated population of 13 million people, including visitors, and the city is the connecting center of 21 southern provinces and cities with a total population of about 40 million people. The city's consumer segment is diverse (many classes of people), so the company's products and services can be suitable for many different audiences.

A representative of a Ho Chi Minh City business shared: Nghe An products are very suitable for the Ho Chi Minh City market such as fruits, specialty confectionery, agricultural products, seafood, textile products, especially the large raw material area of ​​Nghe An is very much noticed by Ho Chi Minh City businesses...

Produced at Vinatex Garment Company (Hoang Mai). Photo by Lam Tung

When bringing Nghe An products to the Ho Chi Minh City market, businesses need to grasp the quality requirements, packaging, quantity needs, and delivery methods of each distribution system. With the supermarket system, businesses pay attention to the requirements on product records, product quality, and the process of bringing products to supermarkets, especially the high and strict regulations and requirements of foreign supermarket systems in the city.

With traditional markets and wholesale markets, businesses need to conduct surveys and research the needs and characteristics of each market to choose the right form of connection and introduce appropriate products.

The results that Nghe An has achieved in recent times have had very important and effective contributions and support from the Party Committee, government, people and enterprises of Ho Chi Minh City, stemming from their responsibility and affection for Uncle Ho's homeland. Based on the special cooperative relationship between the two localities, Nghe An and Ho Chi Minh City will continue to further improve the quality and effectiveness of cooperation in the coming time, including cooperation contents for the period 2019-2025.

Secretary of Nghe An Provincial Party Committee Nguyen Dac Vinh.

The socio-economic development cooperation program between Ho Chi Minh City and Nghe An province was first officially signed and implemented in 2003. Up to now, there have been 56 investment, production and business projects of enterprises and investors from Ho Chi Minh City investing in Nghe An with a total registered capital of over VND 34,463 billion. Of which, 32 projects with a total investment capital of over VND 22,000 billion have come into operation, contributing more than VND 1,800 billion to the budget.