Vietnam ranks among top exporters to global supply chain of Walmart

May 29, 2023 | 14:47
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Vietnam's pivotal role as one of the leading exporters to Walmart's global supply chain is poised to strengthen, as discussions with senior executives highlight the potential for enhanced collaboration and increased participation of Vietnamese suppliers.
Vietnam ranks among top exporters to global supply chain of Walmart

During Minister of Industry and Trade Nguyen Hong Dien's participation in the APEC Ministerial Meeting and the Indian Ocean-Pacific Economic Framework Ministerial Meeting in the United States, a meeting took place with Sarah Thorn, senior director of Global Government Affairs at Walmart.

Discussions revolved around reinforcing Walmart's supply chain development in Vietnam and facilitating the integration of Vietnamese suppliers into the esteemed retail conglomerate's expansive global value chain.

Thorn divulged that Vietnam presently ranks among the top five nations contributing significantly to Walmart's extensive system, showcasing a remarkable range of exports encompassing key sectors such as textiles, household goods, electronics, and processed food.

“Given the mounting risks of supply chain disruptions stemming from pandemics and global trade and geopolitical conflicts, Walmart is seeking the unwavering support of the Ministry of Industry and Trade to fortify and expand the resilience of Walmart's supply chain within Vietnam,” Thorn noted.

In response, Minister Dien recommended a strategic partnership between Walmart and the ministry to facilitate training programmes and bolster the capacity of Vietnamese enterprises.

Additionally, fostering collaborations with US enterprises proficient in supporting industries, materials, and processing will solidify an environmentally sustainable and dependable stream of raw materials.

Recognising the mutual benefits for both parties, Minister Dien extended an invitation for Walmart to deploy business delegations from the US and its regional Asian offices to partake in the prestigious Vietnam Sourcing 2023 event.

This gathering, organised by the MoIT in September and held in Ho Chi Minh City, will serve as an ideal platform for exploring lucrative business opportunities and establishing fruitful partnerships, empowering Vietnamese businesses to seamlessly integrate into Walmart's global value chain.

This robust trade engagement and enhanced connectivity between enterprises from both nations will effectively actualise Walmart's diversified strategic approach while simultaneously ensuring a reliable and uninterrupted supply for the renowned retail titan.

“Vietnam's prominent position as one of Walmart's top five primary exporters firmly establishes its pivotal role within the company's intricate supply chain dynamics, ushering in a prosperous relationship for the future,” Minister Dien said.

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