MOIT VIETNAM | Opening the "Conference on Connecting Supply and Demand, Promote Economic Growth in 2020" in Hanoi.

/ News

Opening the "Conference on Connecting Supply and Demand, Promote Economic Growth in 2020" in Hanoi.

29th May 2020 post by MOIT Vietnam


On the morning of May 28, 2020 at the hall of Government Guest House No. 2 Le Thach, "Conference on connecting supply and demand, promoting economic growth by 2020" by the Department of Trade Promotion - Ministry of Industry and Trade and Department Hanoi Industry and Trade co-chaired and coordinated with Hanoi Association of Small and Medium Enterprises to organize.

This is one of the Supply-Demand Connection activities aimed at restoring economic development in the new normal period of the Trade Promotion Agency - Ministry of Industry and Trade and the Department of Industry and Trade of Hanoi in order to remove difficulties for businesses to stimulate domestic consumption demand that is an opportunity for businesses, cooperatives, production and business establishments, localities and foreign trade promotion agencies and organizations in Hanoi and neighboring areas. Approach meeting and connect the consumption of Vietnamese goods on the domestic market and towards export.
The conference attracted the participation of more than 200 exporters, distribution and trade enterprises to connect goods consumption in the domestic market as well as establish production chains towards sustainable export firm. In addition, the booth to display and introduce products of 50 enterprises in the fields of: key industries, consumer goods production, nursery, creative start-ups, handicrafts, real agricultural products, tourism, services, insurance, banking, and businesses of the Vietnam Small and Medium Enterprises Association have attracted the attention and visits of domestic and international delegates.

Attending the conference were representatives from the Embassies and Trade Affairs of the countries in Vietnam: Deputy Ambassador of Thailand to Vietnam, Deputy Ambassador of Malaysia to Vietnam, Counselor of the Embassy of China in Vietnam. , Trade Counselors of India, Belgium, Indonesia, Bulgaria, Belarus, ... and foreign trade promotion organizations in Vietnam: KOTRA, USABC, EUCHAM, LinkSME, ... On the side of Vietnamese agencies with the participation of leaders of the People's Committee of Hanoi, Vietnam Fatherland Front Committee of Hanoi, Department of Trade Promotion - Ministry of Industry and Trade, Department of Industry and Trade of Hanoi, and many representatives from the Ministry of Industry and Trade, Ministry of Culture, Sports and Tourism, Ministry of Agriculture and Rural Development and representatives from departments, districts of Hanoi city.

Member of the City Party Committee, Standing Vice Chairman of Hanoi People's Committee said: `` This is one of the activities to restore economic development. In the new epidemic prevention period of Hanoi City, in order to remove difficulties for businesses, stimulate domestic consumption demand, connect Vietnamese consumption in the domestic market and export ”. Hanoi People's Committee hopes businesses will join hands to overcome difficulties, accompany and support each other for mutual development ”. In the coming time, Hanoi City will assign the Department of Industry and Trade, Tourism, Agriculture and Rural Development, the City Center for Trade and Investment Promotion to implement many programs to stimulate domestic demand, promote exports, contribute to restarting, promoting economic growth in 2020 to strive to achieve the economic growth target set by the City.

Exchanging and sharing information with delegates and businesses, Mr. Vu Ba Phu - Director of the Department of Trade Promotion, Ministry of Industry and Trade said: The Covid-19 translation has had a negative impact on many products. It is essential that many businesses face difficulties not only in the domestic trade market but also has a great impact on the export market of Vietnamese goods. In April 2020, export goods markets with major partner countries of Vietnam declined compared to the previous month. In which, the ASEAN market decreased by 20% compared to March 2020; China decreased by 2.9%; Japan down 9.3%, South Korea down 13.7%, EU 28.6%, the United States down 24.1% ... To quickly support businesses in the new situation, the Ministry of Industry Trade - directly, the Steering Committee for the prevention of epidemics Covid-19 of the Ministry followed closely the epidemic situation and closely directed the units to carry out the prevention of epidemics and remove difficulties for production. business. Under the close guidance of the Ministry of Industry and Trade, the Department of Trade Promotion in recent years has actively coordinated with the embassies, trade deals and trade promotion organizations to effectively implement direct trade activities. The route helps businesses resume export activities and find new markets and customers.


At the speech session, Mr. Ho Ta Cam - Counselor of the Chinese Embassy in Vietnam highly appreciated Vietnam's ability to control the epidemic situation, committed to promote and strengthen communication activities. trade between Vietnamese and Chinese enterprises, especially proposing solutions to relevant agencies in China to help Vietnamese goods, especially agricultural products, clear the border quickly to keep are quality products.

Ms. Duong Thi Kim Lien, Vice Project Director of USAID LINKSME informed on the results of the implementation of connections with international buyers from the beginning of the year until now with more than 150 items requested to find suppliers, 81 orders were placed with a total value of nearly 250 million USD, of which 41 completed orders with a total value of more than 1.8 million USD. At the same time, she introduces specific process solutions to support SMEs joining the global value chain as well as post-Covid19 Enterprise support options.

At the conference, there was a ceremony to hand over a memorandum of understanding between distribution systems, supermarkets and manufacturing enterprises: MM Mega Market Vietnam Co., Ltd. signed with 17 enterprises and BRG Retail Co., Ltd. already signed the Agreement with 8 businesses to supply products to the distribution system of 2 companies such as: confectionery of all kinds, coffee, cashew nuts, dry food, bottled water, household appliances, kitchen, spicy food, thermos bulbs, textiles, all kinds of clothes… ./.