The ongoing Vietnamese Goods Fair hosted by Singaporean retail giant NTUC FairPrice Group is practical and effective to Ho Chi Minh City’s trade promotion, the city People’s Committee Deputy Chairwoman Nguyen Thi Hong has said.
The Vietnamese Goods Fair is being held by the distributor with aiming to promote Vietnamese products to Singapore market, said Hong.
The Group and Vietnam’s leading retailer Co.opMart supermarket chain in 2013 cooperated with Singapore's distributors to open large supermarket modals in HCMC like Co.opXtra and Co.opXtraPlus.
NTUC FairPrice has increased the volume of goods imported from Vietnam by 30 percent since last year, taking the tally to 400 in their supermarkets, said the group chairman Ng Ser Miang.
Saigon Co.op-FairPrice joint venture will continue to supplement more items in the list of Vietnamese goods in Singapore, ensuring 10-20 percent export growth rates, said Nguyen Thi Hanh, director general of Saigon Co.op supermarkets.
Ninety percent of consumption goods in Singapore are imported. NTUC distributes commodities from 70 countries and territories in the world at their 270 supermarkets and convenient stores.
Vietnamese Goods Fair has been opened at 107 NTUC FairPrice supermarkets in Singapore since May 29.
Singaporean retail giant showcases Vietnamese products