Under the theme, “Opportunity to Join Global Value Chains,” the event provided participating investors with information relating investment opportunities in Vietnam and their possible benefits when joining global value chains. International experts and investors also offered recommendations to policies and programs supporting industrial investors in Vietnam.

According to a representative of the Vietnam Trade Promotion Agency, international trade has seen the establishment of global value chains with the active participation of developed and developing countries and emerging economies.

Photo: kinhtedothi.vn

Global value chains are especially important for developing countries like Vietnam. The country’s joining global value chains means it participates in stages of the global production network and takes advantage of trade, contributing to accelerating its industrialization process. Moreover, the country’s joining global value chains will help businesses build and strengthen their trademarks, so as to raise their positions in the world market.

According to the General Statistics Office, last year the processing and manufacturing sector attracted highest record high of foreign direct investment with newly-registered capital of US$ 9.06 billion, accounting for 50.5% of the total newly-registered capital.

The figures have also proved that Vietnam has made positive changes in industrial investment and export of industrial products. Investors in Vietnam can now take advantages of reasonable production costs, taxes, and an open market to join global supply chains. As a result, domestic and international businesses could become suppliers of support products to businesses.

It can be said that this is the right time for domestic and foreign investors to invest in the industrial sector in Vietnam.

Translated by Tran Hoai