The Vietnam International Sourcing Expo 2024 opened in Ho Chi Minh City on June 6.

Export forum 2024 is held in the framework of the Vietnam International Sourcing Expo 2024. (Photo: VNA)

Deputy Minister of Industry and Trade Phan Thi Thang said the event aims at helping enterprises better integrate into global production and supply chains, as well as promoting foreign distributors' and importers' connectivity with domestic producers and exporters.

It is held in the context that Vietnam is making strong moves to become a global production hub able to supply various kinds of quality goods at competitive prices for the world, she said, adding as many groups, retailers and wholesalers are pushing ahead with their business diversification strategies, Vietnam is seen as a strategic destination in their global supply chains.

As many as 600 Vietnamese enterprises are showcasing their export-qualified products at the event, including processed food, garments and textiles, fashion accessories, sportswear and equipment, household goods, home décor, and products of supporting industries.

The three-day event draws an unprecedentedly large number of leading global distribution and import companies such as Aeon and Uniqlo (Japan), Walmart, Amazon and Safeway (the US), Falabella (Chile), Carrefour and Decathlon (France), Central Group (Thailand), Lotte (the Republic of Korea), Coppel (Mexico), Miniso (China), IKEA (Sweden), and LuLu (the UAE).

Various business-to-business activities and field trips have been arranged to create favourable conditions for participants to seek partners and sign contracts.

Forums and conferences are also scheduled on the sidelines of the event, helping enterprises improve capacity and develop sustainably when they move to reach global markets.