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.
The website Vietnam Briefing run by Dezan Shira & Associates on March 30 posted an article spotlighting Vietnam’s integration into the global value chains (GVCs) and the differences between the supply chain of Vietnam and those of other countries, as well as an overview of the country’s electronics sector.
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.
Though Vietnam has done exceptionally well in quickly containing COVID-19, the pandemic has taken unprecedented toll on its economy. However, it is notable room for the country to further accelerate reforms and climb up global value chain to meet its long-term development goals, heard at a forum on September 29.
The European Union-Vietnam Free Trade Agreement (EVFTA) officially took effect on August 1, ushering in a new chapter in economic and trade relations between the two sides.
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).
The conclusion of the EU – Vietnam Free Trade Agreement (EVFTA) marked the end of an arduous journey with three years of negotiations and another three years for preparation to reach the signing, according to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.
Participating in global value chains is an inevitable step towards building and developing brands, as well as gaining a firm foothold on the world market, said Le Hoang Tai, deputy head of the Trade Promotion Agency, at an investment promotion workshop in Hanoi on April 11.
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.
Better supplier-buyer relations with multinationals located in Vietnam would help small- and medium-sized enterprises (SMEs) gain access to electronics global value chains, experts have said.
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