Strengthening linkages and effectively exploiting the market in the North Central region

Attending the conference were comrade Le Hong Vinh - Member of the Provincial Party Committee, Vice Chairman of Nghe An Provincial People's Committee; representatives of the Market Department - Ministry of Industry and Trade, leaders of the Department of Industry and Trade of 6 North Central provinces: Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri and Thua Thien - Hue.

The conference is an opportunity for localities to exchange experiences, evaluate the results of task implementation to find solutions to connect and search for markets for industrial and agricultural goods; sign emulation agreements and discuss solutions to implement industry goals and tasks in the last 6 months of the year.

Comrade Le Hong Vinh - Vice Chairman of the Provincial People's Committee spoke and suggested that the Department of Industry and Trade of the provinces should elevate the event, considering it an opportunity to connect and find markets for goods and products of each province. Photo: Nguyen Hai

Speaking at the conference, comrade Le Hong Vinh - Vice Chairman of Nghe An Provincial People's Committee, on behalf of the People's Committees of the provinces in the region, highly appreciated the significance of the trade conference connecting goods of the regional Industry and Trade sector.

Businesses and units introduced products on the sidelines of the conference to connect and find consumer markets. Photo: Nguyen Hai

In order for this activity to be in-depth and sustainable, the Vice Chairman of the Provincial People's Committee suggested that the Department of Industry and Trade of the provinces should enhance the event's role as a regional connection bridge; actively advise the Provincial People's Committee to issue policies to support industry and trade to enhance production capacity, promote connectivity, and contribute to promoting socio-economic development in each locality.

Leaders of the Department of Industry and Trade of 6 provinces in the North Central region signed a regional competition and cooperation agreement. Photo: Nguyen Hai

At the same time, strengthen links to inform and manage product quality; effectively exploit regional markets to stimulate demand for goods; create conditions for businesses to sign many large commodity contracts, gradually expand the market faster and more sustainably...

Granting the right to host the event connecting supply and demand of goods of the Industry and Trade sector of 6 provinces in the North Central region to Thanh Hoa province. Photo: Nguyen Hai

At the conference, 40 memorandums of understanding on cooperation between supermarkets and businesses and production units were signed.

Also within the framework of this conference, the Industry and Trade Department of 6 provinces organized booths to introduce potential, connect supply and demand relations of goods in the provinces and organize the signing of memorandums of understanding on exploitation and consumption of products between businesses and units in the area.

The North Central region includes 6 provinces with a total natural area of ​​nearly 96 thousand km2.², population of nearly 20 million people, accounting for 21.3% of the country's population; geographical location, economy and culture are quite similar.

In 2018, industrial production in the region continued to grow, with the total production value of the region reaching VND 257,467 billion; the first 6 months of 2019 is estimated at VND 147 trillion. The main industrial products include cement, beer, fertilizers of all kinds, iron and steel, fiber, and electricity. Some provinces have recently had a fairly high growth rate, such as Thanh Hoa 34%, Nghe An 21%, and Ha Tinh 86%...

The whole region currently has 114 industrial clusters in operation with a total area of ​​3,041 hectares, attracting 1,157 investment projects.

Regarding trade, in 2019, the total retail sales of goods and service revenue in the region reached 304,492 billion VND, up 12.5% ​​compared to 2017, the region's export turnover reached 5,797 million USD; In the first 6 months of 2019, the total retail sales of goods are estimated at 170 trillion VND, up 12.9% over the same period in 2018; up to now, the whole region has 134 supermarkets, 11 commercial markets and 1,039 markets...