Walmart to seek business opportunities in Vietnam

Avineesh Gupta, vice president in charge of general merchandise and apparel sourcing at Walmart, is expected to lead a delegation to the HCM City exhibition to introduce and seek business opportunities with Vietnamese partners in Walmart’s global value chain, according to sources from the Ministry of Industry and Trade.

They will explore Vietnam’s macro-economic environment, supporting industry development policies, labour standards, intellectual property rights, production conditions, and import-export conditions, as well as potential areas for development in the country, said the sources.

They expect to connect with strategic suppliers of textiles and food, including seafood, in Vietnam with competitive prices and guaranteed quality meeting social and environmental responsibilities.

The Ministry of Industry and Trade reported that exporting products to the distribution system of foreign retail groups has become an effective and sustainable export channel in recent times.

Through these distribution channels, high quality Vietnamese products, including farm products, food, home appliances, furniture, footwear and textiles have reached out to millions of consumers worldwide.

The presence of the world’s leading retail distributors such as Aeon, Uniqlo, Decathlon, Coppel, Central Retail, Mega Market, and Walmart in the Vietnamese market testifies to the growing business cooperation between Vietnam and its partners, nameely the United States, the European Union, Japan, the Republic of Korea, Thailand and others.

The trend also shows the increasing attractiveness of Vietnam in the role as both a retail market and an important source of supply for the global supply chain.

Vietnam International Sourcing 2023 will be held in Ho Chi Minh City from September 13 to 15 to bring together big distributors in Vietnam, as well as those in the region and the world at large.