Vietnam, through its economic reforms, has positioned itself as one of the key actors in terms of global value chains, influencing regional and global economic dynamics, according to Red Lantern Analytica, an international affairs observer group based out of New Delhi, India.
A programme to promote cross-border trade connectivity between India and countries in the Greater Mekong Sub region (GMS) was jointly held by trade promotion agencies of Vietnam, India, Thailand and Cambodia on August 19.
A workshop entitled “Turning Adversity into Opportunity: ASEAN’s Participation in Global Value Chains in a-Post COVID World” took place via videoconference on May 5, drawing representatives of 21 ASEAN bodies from the ASEAN Economic and Socio-Cultural Communities.
Farming households in the Cuu Long (Mekong) Delta need to apply high-tech practices to develop value-added agricultural products that can enter global value chains, Lê Minh Hoan, deputy minister of Agriculture and Rural Development, has said.
Vietnamese enterprises should dig into new technologies to improve product quality and brands so as to better engage in the global value chains, Minister of Industry and Trade Tran Tuan Anh has said.
Companies in the supporting industry will get an interest rate subsidy from next year in an effort to promote the development of the part-supply industry, said Pham Tuan Anh, Deputy Director of the Industry Agency under the Ministry of Industry and Trade.
Vietnam has taken measures to improve the capacity of its supporting industries to make domestic enterprises effectively participate in global value chains.
Vietnamese multi-business group THACO on June 1, 2020 exported to the US market another 36 semi-trailers manufactured at its Special Vehicles Manufacturing Limited Company, or THACO SV, in THACO Chu Lai Industrial Park, Quang Nam province.
There is a rising wave of converting rubber plantations into industrial land as developers eye spots for industrial zones to capture opportunities from global value chains.
The COVID-19 pandemic has had a serious impact on Vietnam’s economy but it’s also believed to create the conditions to attract more foreign direct investment (FDI) as there have been signs of a switch in capital flows away from China and to ASEAN member countries.
Information and technology (IT) firms will lead the country’s digital transformation in all sectors, said Phan Tam, Deputy Minister of Information and Communications (MIC).
Opportunities and challenges facing small- and medium-sized enterprises (SMEs) in getting involved in the Fourth Industrial Revolution and global value chains were discussed at a workshop in northern Hai Phong city on November 21.
Vietnam holds aspirations to become a country with prosperous development, inferior to no other countries’ in the world, Prime Minister Nguyen Xuan Phuc said at the Vietnam Business Summit in Hanoi on September 13.
More than 240 business leaders and senior executives of multi-industry small- and medium-sized enterprises (SMEs) are gathering at a workshop in the Mekong Delta city of Can Tho to gain knowledge and practical training on becoming an integral part of global value chains and regional e-commerce.
Sustainable development should be put at the core of enterprises’ business strategy if they want to integrate into and rise higher in the global value chains, said General Secretary of the Vietnam Chamber of Commerce and industry (VCCI) Nguyen Quang Vinh.
