AEON wants to shift its material zones from China to several Southeast Asian countries like Cambodia, Myanmar and Vietnam which offer lower prices, he said, adding that the corporation is planning to expand production of instant noodle, fried buns, and products made of chickens and salmons.

Illustrative image.

He stressed that the conference helps realise the Memorandum of Understanding on supporting the export of Vietnamese products to the Japanese market through the distribution system of AEON inked between the Ministry of Industry and Trade (MoIT) and AEON. Under the MoU, AEON committed to raising Vietnam’s export turnover to US$500 million in 2020 and US$1 billion in 2025.

According to Nguyen Thi Mai Anh, Vice Director of the Hanoi Investment, Trade and Tourism Promotion Centre, the centre has accompanied the MoIT in a project to enhance the engagement of Vietnamese firms in the foreign distribution system by 2020.

Only six Vietnamese products were introduced at AEON supermarkets at the AEON good week event in Japan last year, however, they brought home nearly VND6 billion (US$258,700) in revenue, she said, adding that AEON, the MoIT and her centre will organise the same event in June this year at AEON’s 40 supermarkets, targeting VND10 billion (US$431,000) in earning.

Vietnamese firms should be well prepared before breaking in Japan - a choosy market that has strict requirements for product quality and competitive prices, she added.

At the conference, AEON experts gave consultations to the Vietnamese suppliers on technical standards and product quality with specific goods so that they can enter AEON’s supply chain.

Bac Giang establishes safe lychee supply chain

(BGO) – The People’s Committee in the northern province of Bac Giang has assigned the Department of Science and Technology to consult, propose and order the provincial level science and technology task. 

 

Hanoi hosts consumer goods festival

The 2019 Consumer Products Festival kicked off at Big C Thang Long Supermarket in Hanoi on April 19.

 

Roadmap to eliminate and reduce tariff barriers on Vietnamese goods

 

 

Over 540 enterprises produce high quality goods

Products of 542 businesses were certified as ‘high-quality Vietnamese goods’ as part of a 2019 nationwide survey conducted by the Business Association of High-Quality Vietnamese Goods.

 

Middle East, Africa as potential destinations for Vietnamese goods

Vietnamese enterprises should engage more in trade promotion activities in the Middle East and Africa, particularly as its traditional export markets are becoming oversaturated.

 

Source: NDO