Walmart extends hand to greet Vietnamese products The Vietnamese dream of bringing Vietnamese products into the  Ignacio Lopez, Vice President of Walmart Group, who is in charge of looking for the global supply sources, said Walmart can see the business opportunities from collecting goods in He said so at the meetings with the high ranking officials of the Vietnamese government and relevant agencies last week, during his working visit to The senior executive said Walmart set up an office in He said that Walmart trusts in Vietnamese manufacturers, and that the group has the interests in the supply sources which can offer products at competitive prices, the manufacturers who follow the principles for sustainable development. Though the visit did not aim to seek investment opportunities, while the office in However, the Minister of Planning and Investment Bui Quang Vinh, showed that he was even delighted to receive Lopez more than receiving an investor. “In a market economy, the market is the most important factor. Once there is a market, there will be production,” Vinh said. According to Kevin Gardner, a senior executive of Walmart, a This was exactly the reason why Vinh rejoiced when hearing that Walmart wanted to buy goods from “Walmart may consider collecting more processed farm produce. This would help develop the Vietnamese farm produce processing industry,” Vinh said. The news about the visit to A Vietnamese textile and garment company reportedly has given up cooperating with Walmart just after three deliveries. In order to sell products at Walmart, manufacturers have to offer low prices, fulfill big orders and satisfy strict requirements. Meanwhile, the company could not show its name on the products. The company finally “gave up the game” after realizing that it could not make profits when dealing with Walmart, and should not expect the opportunities to polish its image in the Nguyen Van Le, Deputy General Director of Dong Hung Industry JSC, also noted that the Walmart’s policy on only buying goods at low prices will be a big barrier for Vietnamese businesses to access the distribution chain. However, the power that Walmart has is so big that every enterprise dreams of having the opportunities to cooperate with it. Le, for example, said his company is moving ahead with the plan to do business with Walmart through its representative office in DNSG |
↧
Article 6
↧