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VietNamNews

Local products target overseas supermarkets

Update: January, 16/2012 - 09:56

HA NOI — The Ministry of Industry and Trade has set an ambitious plan to help locally – made products penetrate overseas supermarkets.

This move was conducted as part of the ministry's export strategy for 2012.

Dang Hoang Hai, an official from the ministry, said helping locally-made products in global retail and supermarket chains would be integral for the country's export plan. This strategy was designed to gradually generate opportunity for domestic export activity, especially for major exports like farm produce, fish, food, garment and textiles, and handicraft products.

Although, export has always been important to the economy, experts noted that the country's exports were not sustainable and failed to reach their potential. Domestic products are mostly exported through middlemen.

The increasing presence of Vietnamese products in overseas supermarkets not only limit the cost for intermediate stages but also raise product value and stabilise exports to avoid risks. Strict requirements for exporters serve to enhance product quality and help them integrate into a global distribution network, said Hai.

In addition, Nguyen Canh Cuong, Viet Nam's trade counsellor in France said that although the European market was a large one, across it were many similarities and common standards for product quality. Therefore, if Vietnamese products entered hyper supermarkets like Metro or Casino, it would be a "passport" allowing them into other global supermarket chains.

According to experts, Viet Nam is emerging as a prestigious exporter in place of Chinese exports thanks to products like coffee, tea, pepper, fruits, fisheries and handicraft products. Some said if taken at full advantage, these products will become more valuable to importers globally.

However, the major problem posed to exporters who wanted to penetrate global supermarket chains was the maintenance of stability in both quantity and quality.

Hai said global supermarket chains often made large orders which Vietnamese businesses did not satisfy. Domestic exporters would always export a first round of good quality and sufficient quantity, but they could not maintain it in their next batches.

Many companies made every effort to sign orders with foreign partners but their contracts were cancelled after they failed to meet the importers' quality and quantity requirements. — VNS

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