Fig.1: Exports & Imports of countries (%), August 2018-February 2121. Source: Haver Analytics.

Vietnam needs improved marketing strategy

The global outbreak of the Covid-19 pandemic has made the world realize the limitations in the current supply chain, which shows an over reliance on just one link, which is a plausible reason for the collapse of the system. 
Dairy products of Vietnam Dairy Products Joint Stock Company (Vinamilk) are exported to many fastidious markets around the world. (Photo: SGGP)

Opportunities opened for food processing industry

According to Vietnamese trade counselors, in 2021, Vietnamese goods, in general, have a great opportunity to export to Europe, Northern Europe, the US, the Eurasian Economic Union, Japan, South Korea, and China.
   Producing high quality plastic to provide supporting products for local and foreign firms. (Photo: SGGP)

Vietnam short of supporting enterprises

Although participating in global value chain will help businesses increase their values, approach global market and get high profits, only 20 percent of Vietnamese enterprises are able to join in the global value chain.
 Illustrative photo (Photo: VNA)

CPTPP – opportunity for Vietnam to join global value chain

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to be submitted to the 14th National Assembly for approval on November 2, is expected to help Vietnam expand exports and join the global value chain more deeply.