Large international retailers seek partnerships in Vietnam

A Decathlon store in Royal City Mall, Thanh Xuan District, Hanoit. — VNA/VNS

HANOI: Large international retailers have been visiting Vietnam to seek partnerships in industrial, agricultural and handicrafts products, Vietnam News Agency cited industry insiders and officials on Tuesday (June 18).

Retailers like Aeon, Uniqlo, Walmart, Amazon, Safeway, Carrefour, Decathlon, Central Group and Ikea have shown their interests in the Vietnamese market.

Ta Hoang Linh, director of the European-American Market Department under Vietnam's Ministry of Industry and Trade, said Vietnam had an advantage since the signing of numerous free trade agreements, bringing down tariffs on the country's goods to many major international markets. As a result, retailers have been seeking sources for various goods in Vietnam.

This is an opportunity for Vietnamese businesses to enter additional markets around the world, he said.

It does not take Vietnamese manufacturers long to adapt as many have been supplying markets that demand high-quality products, making them ideal partners for multinational wholesale and retail corporations, said the report.

Vietnam's exports reached US$156.77 billion in the first five months of this year, an increase of 15.2 per cent compared to the same period last year, according to the country's General Statistics Office. - Xinhua

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Vietnam , retailers , international


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