Vice Chairman of Hanoi People’s Committee Nguyen Van Suu said with over 10 million people, Hanoi continues to be a major market with one of Vietnam’s most modern distribution network.
However, current supply capability of Hanoi only meets 5 - 35% of the local demand, so the remaining would come from other provinces/cities or via import. Such demand is expected to be even higher during the Lunar New Year period, Suu noted.
In order to meet growing demand of Hanoi’s market and realize its role as the main distributor of goods and products for domestic consumption and export, Hanoi has signed memorandums of understanding with 44 out of 63 provinces/cities.
Additionally, the municipal Department of Industry and Trade, the Department of Agricultural and Rural Development, along with others, are promoting trade and inter-provincial linkages with over 50 provinces/cities.
Since 2019, Hanoi has been cooperating with other provinces/cities in hosting 17 Goods supply - demand connection events, 22 Fruits and Agricultural Products Weeks, as well as expanding 786 supply chains for agricultural products. As a result, over 400 new products have been included in Hanoi’s distribution networks.
During the Covid-19 pandemic, Hanoi considers the domestic market as key to sustain the economy, for which the city has been pushing for cooperation with other provinces/cities in organizing 20 trade promotion programs; supporting enterprises from other provinces/cities in promoting their products in Hanoi; among others.
In 2020, new products from southern provinces such as Dong Thap, Soc Trang, among others have been brought to Hanoi and helped promote specialties across the country in the city.
Suu noted in the coming time, the city would continue to support local enterprises to boost cooperation and trade with their peers in Hanoi for sustainable distribution of goods and products.
Vice Minister of Industry and Trade Cao Quoc Hung said through the event, the Ministry of Industry and Trade expects Hanoi to continue to be the main hub for trade and distribution of goods and production in Vietnam.
Additionally, the Ministry would support the city in boosting its linkage with other provinces/cities in the coming time.
At the event, speakers said the Covid-19 pandemic has driven online shopping up and the development of e-commerce.
In the future, e-commerce platforms should support and create conditions for farmers and small business households to take their products on online shops, in turn supporting the development of e-commerce in Hanoi in particular, and of Vietnam in general.