Project III (EU-Vietnam MUTRAP III) co-organised a seminar on good
trading activities by foreign-invested businesses in Vietnam in
Hanoi on August 24.
According to experts,
Vietnam ’s distribution network is mainly through traditional retail
channels. Modern retail channels have been slowly developed and are yet
to change local consumers’ habits.
They stressed the need to encourage and create favourable conditions for businesses to develop modern retail channels.
Hoang Thi Tuyet Hoa, Deputy Head of the Planning Department under the
Ministry of Industry and Trade, said that to help the retail market
effectively operate, Vietnam has put distribution on the list of
conditional investments applied to foreign investors.
Since it joined the World Trade Organisation (WTO), Vietnam has
step by step allowed foreign investors to export, import and distribute
goods in order to ensure the adaptability and harmonious development of
the domestic market.
By the end of 2009, there
were 445 supermarkets operating in Vietnam , up 62 compared with
2008. Domestic enterprises opened 60 of these new supermarkets and
foreign businesses established two./.
