HCMC – As Vietnam’s economic hub, HCMC has supported other cities and provinces through a range of trade promotion programs, solidifying its cooperation with these localities and boosting the growth of production and business.
HCMC possesses great strength in production and processing, while other localities offer advantages in the agriculture sector and have abundant sources of materials and local specialties, Nguoi Lao Dong Online reported.
Nguyen Huynh Trang, deputy director of the HCMC Department of industry and Trade, said that over the past five years, the trade cooperation program aimed at expanding supply chains and stabilizing the market between HCMC and other localities in the southeastern and southwestern regions has produced positive results. The program, therefore, has elevated the cooperation ties.
Since early 2020, when the country was fighting the coronavirus outbreak, HCMC has effectively collaborated with many provinces and cities to create favorable conditions for the transportation of goods and balance supply and demand to avoid a shortage of goods in the market.
Through the trade cooperation program, a number of distributors in HCMC have cooperated with prestigious suppliers of various high-quality products in these localities, making HCMC-based firms major consumers of farm produce and smoothing the path toward global markets.
Besides, these localities have introduced multiple support policies and opened the door for HCMC firms to invest in projects there. Up to now, 28 enterprises joining the city’s market stabilization program have invested in 47 factories and production facilities and 63 farms in the regions with a total investment of over VND18 trillion.
Long An Province appreciates the cooperation measures adopted by HCMC, expecting the city to continue its role in guiding the market and deploying a program to build a connection chain of farm produce, production and consumption as soon as possible, said Chau Thi Le, deputy director of the Long An Department of Industry and Trade.
Long An Province and other localities will cooperate with HCMC to effectively implement this project, she added.
The Ben Tre Department of Industry and Trade also expected HCMC to create favorable conditions for goods and products in the province and others to be consumed in the city
A conference to review the trade cooperation program in the 2016-2020 period and the supply-demand connection between HCMC and other provinces in 2020 is taking place from September 24 to 27 in HCMC, attracting over 598 firms from 41 provinces and cities.