Vietnam has recently received many large global groups, led by US technology firms, that have brought production chains with capital of up to billions of dollars.

A key strength in Vietnam’s business environment is the country’s proliferating membership of free-trade agreements.

While Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners.

Among the countries running a race to attract foreign direct investment (FDI), Vietnam is a destination with promised great potential.

Industrialization requires high-quality foreign direct investment (FDI). Many issues must be addressed, including how to developed a skilled workforce.

While highly appreciating the solutions and policies set forth in the government’s Resolution No.115/NQ-CP on the development of supporting industries, Truong Thi Chi Binh, 

Foreign investors are considering relocating their production bases out of China, but this doesn’t mean that all of them will flock to Vietnam.

There is a new FDI capital flow heading for Southeast Asian countries, but analysts say it is not easy for Vietnam to grab the opportunities.

Vietnam hopes US firms with potential in technology, professionalism, and capital will continue to select the country as an attractive and safe destination for relocating business and supply chains, 

Vietnam’s wooden furniture industry was expected to have a prosperous year in 2020 after the US-China trade war broke out in 2019. But hopes have been dashed by Covid-19.

Vietnamese consumers are some of the most optimistic in Asia during the COVID-19 pandemic, according to American management consulting firm McKinsey’s recent consumer survey.

While gaining advantage in the first quarter of 2020 amid the coronavirus outbreak, Vietnamese drug giants are predicted to face challenges in the upcoming months due to faults in the global ingredient supply chain.

More and more foreign invested enterprises (FIEs) in Vietnam have begun exporting woodwork products as Vietnamese enterprises increasingly lose market share.

In early February, in the minds of most of us, COVID-19 was still a China-specific problem. Yet, the strict lockdown imposed early in China generated rapidly unprecedented chaos in global supply chains. 

From demand for orange juice to vegetables left unpicked, our usual supply chains have been upended.

Management agencies have put in place drastic steps in a bid to support businesses as they actively seek out sources of raw materials to be used in production whilst boosting trade promotion activities.

The difficulties in the global pandemic are opportunities for Vietnam to expand its role in the global supply chain.

As the coronavirus outbreak shows no sign of slowing down, supply chain leaders are urged to mitigate instant disruption and plan for their short- and long-term performance.

Adopting advanced technology and improving the localisation ratio of materials and accessories are textile and garment enterprises’ best chance.

A fair and efficient supply chain plays an important role in the development of any sector.