Opening up new opportunities for cooperation.

With hundreds of products across industrial, agricultural , and handicraft sectors, Thanh Hoa is making significant efforts to connect and enhance production and expand its distribution and business networks. The northern provinces, with their vast consumer markets and convenient inter-regional connectivity, are identified by Thanh Hoa as potential partners in the future.

A memorandum of understanding was signed between a business from Thanh Hoa province and a business from Hanoi .

Rarely does a locality boast such a convergence of products, ranging from those with the most complex production processes in the region and the world to those steeped in centuries-old traditions. Among the projects operating in the Nghi Son Economic Zone are world-leading companies such as: Idemitsu Kosan Corporation; Marubeni Corporation, Mitsui Chemicals; Taiheiyo Cement Corporation (Japan); Kepko Corporation (South Korea); SK Engineering & Construction (South Korea); Kuwait Petroleum International (Kuwait); Musim Mas Corporation (Singapore)... The operation of these national and international-scale factories has elevated the prestige and standing of Thanh Hoa's products, not only domestically but also internationally.

Along with industry, Thanh Hoa's agriculture is not only abundant but also successful with high-quality supply chains involving many well-known businesses. Thanh Hoa is also famous for its traditional craft villages that have endured over time, and notably boasts 522 OCOP products, ranking second nationwide.

With convenient connectivity and trade routes including road, rail, river, sea, and air, especially the Nghi Son deep-water port, Thanh Hoa has a particular advantage in strengthening exchanges, connections, and promoting consumption activities to a wider market.

Building a "stepping stone" for connections at the national, regional, and local levels, creating opportunities for producers, distributors, and consumers to meet, interact, and transfer production technologies, Thanh Hoa province has continuously organized many networking programs recently. Through these activities, it is hoped that genuine collaborations will be made to realize many sustainable relationships in the future.

At the 2024 Conference connecting businesses involved in manufacturing, importing, exporting, and distributing industrial, handicraft, and agricultural products in Thanh Hoa province with provinces and cities in the Northern region, Ms. Nguyen Thi Dung, General Director of Vietnam International Trade and Investment Promotion Joint Stock Company (Hanoi), expressed: “It has been a long time since I returned to Thanh Hoa, but I was extremely surprised to learn about and be introduced to the diverse, unique, and distinctive products of Thanh Hoa. I am also particularly impressed with the approach of Thanh Hoa province, where the local authorities and relevant agencies always create many opportunities for businesses to access everything from production technology to meeting trade partners, establishing and promoting sales activities. As a business connecting and bringing the best of Vietnam to the world, I will explore and introduce reputable Thanh Hoa products to new markets in the future.”

Thanh Hoa currently has 300 businesses operating in the textile and garment sector. With the entry into new-generation free trade agreements, businesses in the industry have many opportunities to benefit from preferential tariff policies. However, Thanh Hoa's garment industry has not yet accessed many of these policies due to its dependence on raw materials and components from China. Expressing his expectations for connecting with businesses that have invested in and are participating in the supply of raw materials and accessories for the textile and garment industry, Mr. Trinh Xuan Luong, General Director of Tien Son Group Joint Stock Company, said: “Our company has 10 factories with more than 10,000 employees. We always prioritize maximizing the use of domestic raw materials and accessories in the composition of our products. This conference is an opportunity for us to exchange and connect with businesses that have invested in and are participating in the supply of raw materials and accessories for the textile and garment industry. This is also the direction of our company in proactively securing raw materials, reducing dependence on foreign markets; and at the same time increasing the proportion of production using the ODM method (self-design, procurement of fabric and raw materials, cutting, sewing, finishing, packaging and shipping), gradually reducing the proportion of garment processing, and increasing profit efficiency for the company.”

Along with activities such as introducing, exchanging, and sharing experiences in production and business, showcasing products, production capacity, and production scale; the production and business situation of the province's key products, supply capacity and consumption demand, and business linkages and cooperation, the side activities of the conference, including exhibition spaces for industrial, handicraft, and agricultural products from Thanh Hoa province and other northern provinces and cities in 2024, also created opportunities for businesses to introduce products to customers and distributors, experience them, and form cooperative relationships. Memorandums of understanding and cooperation agreements were also signed to connect the production and consumption of reputable products from Thanh Hoa.

Long Hai Trading, Transportation and Processing Joint Stock Company is currently ranked among the top 5 out of 45 domestic enterprises favored by markets such as South Korea, China, Malaysia, Japan, and Russia, with its flagship product being Surimi. Recently, the company launched a new product line called "Long Hai Seafood Fish Cake," targeting the domestic market. Company General Director Trinh Thi Cuc stated: “Currently, all of our products are processed on modern technological lines, applying a quality management system according to HACCP standards and international certifications as required by various markets. At this exhibition, not only do we have the opportunity to introduce our products, but customers and distributors can also experience them firsthand, thereby providing feedback and suggestions on products that suit Vietnamese tastes.”

Experience the products at the exhibition space showcasing industrial, handicraft, and agricultural products from Thanh Hoa province and other northern provinces and cities in 2024.

The issue of "supply exceeding demand" or "bumper harvest, low prices" remains one of the hottest topics in consumer goods today. In Thanh Hoa, while initial results have been achieved in consumption activities, according to the statement of the Standing Vice Chairman of the Provincial People's Committee, Nguyen Van Thi, at the conference connecting businesses involved in the production, import, export, and distribution of industrial, handicraft, and agricultural products in Thanh Hoa province with provinces and cities in the Northern region in 2024: “The proportion of goods distributed through the value chain linkage system between production and consumption is still low; large-scale and stable supply and distribution chains have not yet been formed, limiting the expansion of production, business markets, and exports... These limitations require all levels and sectors to work alongside businesses to understand the current situation and research solutions to overcome them. In particular, more attention should be paid to the exchange and connection activities between manufacturing businesses in the province and businesses distributing and consuming products and goods to key markets.”

According to Phan Van Chinh, Director of the Domestic Market Department (Ministry of Industry and Trade), based on the positive production results, Thanh Hoa needs to focus more on establishing distribution channels in a regional linkage direction. With its special advantages in transportation, especially sea transport with the Nghi Son deep-water port system, Thanh Hoa can connect deeply with regional consumption and import-export chains in the North, which have already been professionally formed and developed. This will increase consumption activities for businesses in all sectors; and at the same time, develop logistics services commensurate with these advantages.

Text and photos: Tung Lam

Source: https://baothanhhoa.vn/mo-ra-co-hoi-hop-tac-moi-222418.htm