Dec 23, 2019 / 13:23

Three solutions for Vietnam firms to boost integration in global supply chains

In the 2011 – 2019 period, Vietnam’s exports grew at an average of 15% annually, and are on track to contribute to an all-time high turnover of US$500 billion in mid-December.

Ten years after joining the World Trade Organization (WTO), Vietnam now ranks 22nd globally in terms of exports, however, more solutions are needed for Vietnamese enterprises to further integrate into the global supply chains, particularly given the growing uncertain global trade environment, according to the Ministry of Industry and Trade (MoIT).

 Illustrative photo.

In the 2011 – 2019 period, Vietnam’s exports grew at an average of 15% annually, and are on track to contribute to an all-time high foreign trade of US$500 billion in the mid of December.

According to the MoIT, Vietnam could record a trade surplus