‘Made in Vietnam’ label popular in RoK, Singapore

(VOV) - Lotte and Saigon Co.op have announced plans to substantially increase the stock of Vietnamese goods on the shelves of their stores in the RoK and Singapore during the upcoming year.

During a recent conference, Le Ngoc Dao, deputy director of the HCM City Department of Industry and Trade, emphasized that the 2015 price stabilization program will also provide support for local businesses to increase exports.

This year, banks will provide loans of VND 11.850 billion to the price stabilization program at interest rates ranging from 0.5% to 2%. Notably, banks will also provide supplementary credit packages of VND 900 billion to support businesses.

Hong Won Sik, Lotte Mart Vietnam General Director said it also began to stock the shelves of its stores with Vietnamese goods in the RoK, which generated revenue of US$250,000 last year.

Saigon Co.op Deputy Director Nguyen Thanh Nhan said his supermarket also exported Vietnamese goods to the Fairprice supermarket chain in the RoK, which he said spawned revenue of VND15 billion.

Michael Wiedmann, Metro Vice President - Group Director Public Policy said he believes that several Vietnamese goods like tra and basa fish will secure a firm foothold in the German and European markets  in the future.