Businesses from the southern province of Dong Nai will get opportunities to join the supply chain of leading American retail corporations such as Costco, Target and Walmart.
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Businesses from the southern province of Dong Nai will get opportunities to join the supply chain of leading American retail corporations such as Costco, Target and Walmart.
This follows a memorandum of understanding on trade promotion and co-operation signed between the provincial authorities and the state of Arkansas of the United States on June 29.
It is expected to help boost the province's export turnover, which accounts for nine to 10 per cent of Viet Nam's total export turnover each year, with the United States being among the country's key markets.
A state-owned business from Dong Nai – the Tin Nghia Corporation – opened its representative office in Bentonville of Arkansas on June 30.
The representative office will initially focus on buying Arkansas commodities, such as soybeans, corn, cotton and timber for processing in Viet Nam.
It will also work to boost trade and investment promotion activities and tourism promotion, and boost linkages between businesses of the two countries.
Tin Nghia plans to open a furniture assembly plant in Arkansas in the coming years, and will seek opportunities to build a coffee processing facility in the future.
Chairman of the People's Committee of Dong Nai Dinh Quoc Thai highly appreciated the signing of the MoU and the opening of the representative office of Tin Nghia Corporation in Arkansas.
He affirmed that the United States was a strategic market of Dong Nai.
Tin Nghia Corp, established in 1989, owns 11 subsidiaries. It operates mainly in agricultural products, oil and gas production, building materials, industrial park management and real estate.
(Source: VNS)
