Associate Professor, Dr Nguyễn Anh Thu, Vice Rector of the University of Economics - Vietnam National University, Hà Nội, spoke to Vietnam News Agency about opportunities and challenges of moving supply chains to Việt Nam.
The diversification of global supply chains is creating significant opportunities for Việt Nam to engage more deeply in international production networks.
Viet Nam will remain an important link in global supply chains and a destination favoured by many businesses, said Tim Leelahaphan, Standard Chartered''s economist for Thailand and Việt Nam, on Tuesday.
The circular economy would serve businesses well by enabling the efficient use of resources and facilitating their deeper involvement in the global supply chains.
Deputy Minister of Industry and Trade Do Thang Hai said at present, the MoIT is promoting the implementation of solutions to ensure the balance of supply and demand and stabilise the market of essential goods for the Lunar New Year...
Firms socially accountable to their stakeholders and the public are more likely to be resilient during crises as they gain more support from their customers, partners, and employees.
The World Bank''s research (2022) forecast that Viet Nam''s GDP would increase by about 4.9 per cent and exports would increase by 11.4 per cent by 2030.
The two sides agreed on measures to strengthen regional and global supply chains, improve industrial competitiveness, promote cooperation in energy transformation towards carbon neutrality, and accelerate the progress of a number of important energy projects.
Cold storage facilities is a highly profitable segment in the logistics industry, but exploiting its potential is not easy for domestic or foreign investors.
Supply chains in HCM City and the southern provinces are at great risk of snapping because many businesses have been forced to stop operating or sharply reduce production to comply with the COVID-19 prevention regime.
The COVID-19 pandemic was highlighting the urgent need for promoting the development of the part-supply industries which would enable enterprises to more resilient against any global shocks or disruptions of supply chains.
Asia-Pacific Economic Cooperation (APEC) economies needs to continue promoting free and open trade and investment, undertake initiatives to ensure regional supply chains to function smoothly and efficiently, and facilitate the movements of essential goods.
The disruption of the global supply chain has caused many foreign businesses to source goods from Vietnamese enterprises, which has increased export opportunities for the country.