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.
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 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.
Getting access to information, strengthening market linkages and joining supply chains will help Vietnamese small and medium-sized enterprises in supporting industries recover from the disruptions caused by the COVID-19 pandemic, experts have said.
Viet Nam needs to diversify global supply chains in order to achieve inclusive growth and attract investment after the pandemic ends, speakers said on Nov 18 at a meeting in HCM City.
Vietnamese companies need to meet the requirements of foreign firms if they want to participate in global supply chains from mid-2021 when the Covid-19 pandemic is expected to be under control.
Samsung Viet Nam, in collaboration with the Ministry of Industry and Trade (MoIT), on Tuesday launched a training programme for fostering Vietnamese consultants to improve the production efficiency of local enterprises in 2019, thus gradually meeting the requirements of global...
Viet Nam would continue encouraging foreign investments in the long term, with focus on high-tech projects and modern governance in a move to expand export markets, join global supply chains and enhance competitiveness.
Businesses involved in complex ecosystems of global supply chains are looking to sustainability to unlock new financial benefits, according to an HSBC survey.
Only 15 per cent of around 8,000 manufacturing companies in HCM City are capable of joining global supply chains but authorities are trying to increase the number.