The abundant foreign direct investment (FDI) capital has given Việt Nam a new image on the global trade map but has not been able to pull the economy up a higher value ladder.
The Multilateral Stakeholder Forum (MSF) 2022, themed "Improving Viet Nam''s position in the global value chain: Multilateral cooperation in capacity building and traceability responsibility", was held in Ha Noi on Wednesday.
Viet Nam, like many other East and Southeast Asian countries, is further climbing up the global value chain (GVC) thanks to the positive effect of the utilisation of foreign direct investment (FDI), according to the latest report by Hinrich Foundation.
Vietnamese enterprises’ ability to take part in the global value chain will depend on the quality of their products and a willingness to use advanced technology, speakers said yesterday at the Viet Nam Export Forum 2018 held in HCM City.
The textile and garment industry was anticipated to continue facing with challenges in 2019 as the industry was in the midst of a transition period which required breakthroughs to shift its position in the global value chain.
Viet Nam is striving for sustainable development on the basis of improving growth quality and taking advantage of the Fourth Industrial Revolution to increase labour productivity and competitiveness to move up in the global value chain.
Viet Nam’s mechanical engineering industry is striving to apply advanced technology, produce high-quality products meeting international standards and join the global value chain by 2035.
According to the latest report from the World Bank (WB), Viet Nam has successfully integrated into the global value chain, improved national economic progress and productivity, through creativity in policy making for the transportation, service, border control and regional cooperation...
Vietnamese enterprises have a big opportunity to enter the global value
chain with several investors entering the country, Nguyen Mai, chairman
of Viet Nam Association of Foreign Invested Enterprises said.