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BUSINESS REPORT

Key part to play PHOTO: VIET TUAN

Vietnam has found itself very well positioned to become
a destination within global commodity supply chains.
| By AN CHI

uring discussions with Minister of activities in household utensils, electronics, and the Ho Chi Minh City People’s Com-
Industry and Trade Nguyen Hong and various types of toys.” mittee, with a view to making Vietnam
D Dien in San Francisco on November part of their global supply chains.
14, within the framework of the Asia- ATTRACTING GIANTS Mr. Lionel Adenot, General Director of
Pacific Economic Cooperation (APEC) Elsewhere, at the Southeast Asia Forum Decathlon Vietnam, said at the expo that
2023 Summit Week, Ms. Andrea Albright, held in Paris on December 4, Mr. Patrick in the context of the world facing many
Executive Vice President of Sourcing at Lasfargues, Vice President of the Carrefour difficulties and abnormalities, Vietnam is
Walmart, said the US retail giant envisions Group, said at discussions with Minister becoming a new destination in global supply
transforming Vietnam into a central hub Dien that in addition to purchasing, Car- chains. For Decathlon, the country’s textile
for goods supply in Asia. “Vietnam is cur- refour is cooperating with a number of and garment industry can become a major
rently in the group of five countries that manufacturers in Vietnam to export to its part of the international sports goods supply
export the most goods to Walmart’s global network in Europe and expects to promote chain. “Decathlon is looking for suppliers
system, extending its influence not only in this export model in the future. that are autonomous and capable of increas-
the US but also in other markets such as Major corporations such as Aeon and ing productivity,” he added.
China, Canada, and Mexico,” she went on. Uniqlo from Japan, Walmart, Amazon, Boeing, meanwhile, has had a represen-
“Walmart annually procures billions of Boeing, and AES from the US, Carrefour tative office in Hanoi since July 2021, focusing
dollars in goods from Vietnam, but is still and Decathlon from France, and others on developing supply chains in Vietnam.
focusing largely on items such as garments attended the Vietnam International Sourc- Notably, at the corporation’s headquarters
and textiles, leather and footwear, and ing Expo held in Ho Chi Minh City by the are specialized departments and positions
food. It will focus on expanding purchasing Ministry of Industry and Trade (MoIT) to support partners in Vietnam. Boeing’s

26 | VIETNAM ECONOMIC TIMES | JANUARY 2024 en.vneconomy.vn