Vietnam at a Crossroads : Engaging in the Next Generation of Global Value Chains

Vietnam is at a crossroads. It can grow as an export platform for GVCs, specializing in low value-added assembly functions with industrialization occurring in enclaves with little connection to the broader economy or society; or it can leverage the current wave of growth, enabled and accelerated by...

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Main Authors:	Hollweg, Claire H., Smith, Tanya, Taglioni, Daria
Format:	Book
Language:	English en_US
Published:	Washington, DC: World Bank 2017
Subjects:	GLOBAL VALUE CHAINS GVC STRUCTURAL TRANSFORMATION UPGRADING TRANS-PACIFIC PARTNERSHIP TEXTILE AND APPAREL AUTOMOTIVE CONNECTIVITY FIRM-LEVEL PRODUCTIVITY COMPRESSED DEVELOPMENT SERVICE PARTICIPATION preferential trade agreements textiles apparel sector motor vehicles agribusiness
Online Access:	http://hdl.handle.net/10986/26215

id	okr-10986-26215
recordtype	oai_dc
spelling	okr-10986-262152021-04-23T14:04:34Z Vietnam at a Crossroads : Engaging in the Next Generation of Global Value Chains Hollweg, Claire H. Smith, Tanya Taglioni, Daria GLOBAL VALUE CHAINS GVC STRUCTURAL TRANSFORMATION UPGRADING TRANS-PACIFIC PARTNERSHIP TEXTILE AND APPAREL AUTOMOTIVE CONNECTIVITY FIRM-LEVEL PRODUCTIVITY COMPRESSED DEVELOPMENT SERVICE PARTICIPATION preferential trade agreements textiles apparel sector motor vehicles agribusiness Vietnam is at a crossroads. It can grow as an export platform for GVCs, specializing in low value-added assembly functions with industrialization occurring in enclaves with little connection to the broader economy or society; or it can leverage the current wave of growth, enabled and accelerated by its successful participation in GVCs, to diversify and move up the chain into higher value-added functions. Success will require Vietnam’s policymakers to view the processes of development differently, and to take new realities of the global economy more fully into account. The purpose of this volume is to support Vietnam’s path to economic prosperity by identifying policies and targeted interventions that will drive development through leveraging GVC participation that take major shifts in trade policy and rapid technological advances in ICT into account. The volume is based on a compilation of studies completed by World Bank staff and external consultants in 2015 supporting the “Enabling Economic Modernization and Private Sector Development” chapter of the Vietnam 2035 report. The objective of these studies was to diagnose Vietnam’s current participation in GVCs, visualize where Vietnam could be by 2035 in the context of a changing global environment, and identify the policy actions needed to get there. The studies also supported topics related more broadly to export competitiveness, including firm-level productivity, services, and connectivity. It then identifies targeted strategies and policy interventions that will help overcome challenges, minimize risks, and maximize opportunities. Readers will gain a strong understanding of Vietnam’s current and potential engagement with GVCs—and will learn about strategic GVC policy tools that can help developing countries achieve economic prosperity in the context of compressed development. 2017-03-07T15:26:04Z 2017-03-07T15:26:04Z 2017-03-07 Book 978-1-4648-0996-5 http://hdl.handle.net/10986/26215 English en_US Directions in Development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication East Asia and Pacific Vietnam
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	GLOBAL VALUE CHAINS GVC STRUCTURAL TRANSFORMATION UPGRADING TRANS-PACIFIC PARTNERSHIP TEXTILE AND APPAREL AUTOMOTIVE CONNECTIVITY FIRM-LEVEL PRODUCTIVITY COMPRESSED DEVELOPMENT SERVICE PARTICIPATION preferential trade agreements textiles apparel sector motor vehicles agribusiness
spellingShingle	GLOBAL VALUE CHAINS GVC STRUCTURAL TRANSFORMATION UPGRADING TRANS-PACIFIC PARTNERSHIP TEXTILE AND APPAREL AUTOMOTIVE CONNECTIVITY FIRM-LEVEL PRODUCTIVITY COMPRESSED DEVELOPMENT SERVICE PARTICIPATION preferential trade agreements textiles apparel sector motor vehicles agribusiness Hollweg, Claire H. Smith, Tanya Taglioni, Daria Vietnam at a Crossroads : Engaging in the Next Generation of Global Value Chains
geographic_facet	East Asia and Pacific Vietnam
relation	Directions in Development;
description	Vietnam is at a crossroads. It can grow as an export platform for GVCs, specializing in low value-added assembly functions with industrialization occurring in enclaves with little connection to the broader economy or society; or it can leverage the current wave of growth, enabled and accelerated by its successful participation in GVCs, to diversify and move up the chain into higher value-added functions. Success will require Vietnam’s policymakers to view the processes of development differently, and to take new realities of the global economy more fully into account. The purpose of this volume is to support Vietnam’s path to economic prosperity by identifying policies and targeted interventions that will drive development through leveraging GVC participation that take major shifts in trade policy and rapid technological advances in ICT into account. The volume is based on a compilation of studies completed by World Bank staff and external consultants in 2015 supporting the “Enabling Economic Modernization and Private Sector Development” chapter of the Vietnam 2035 report. The objective of these studies was to diagnose Vietnam’s current participation in GVCs, visualize where Vietnam could be by 2035 in the context of a changing global environment, and identify the policy actions needed to get there. The studies also supported topics related more broadly to export competitiveness, including firm-level productivity, services, and connectivity. It then identifies targeted strategies and policy interventions that will help overcome challenges, minimize risks, and maximize opportunities. Readers will gain a strong understanding of Vietnam’s current and potential engagement with GVCs—and will learn about strategic GVC policy tools that can help developing countries achieve economic prosperity in the context of compressed development.
format	Book
author	Hollweg, Claire H. Smith, Tanya Taglioni, Daria
author_facet	Hollweg, Claire H. Smith, Tanya Taglioni, Daria
author_sort	Hollweg, Claire H.
title	Vietnam at a Crossroads : Engaging in the Next Generation of Global Value Chains
title_short	Vietnam at a Crossroads : Engaging in the Next Generation of Global Value Chains
title_full	Vietnam at a Crossroads : Engaging in the Next Generation of Global Value Chains
title_fullStr	Vietnam at a Crossroads : Engaging in the Next Generation of Global Value Chains
title_full_unstemmed	Vietnam at a Crossroads : Engaging in the Next Generation of Global Value Chains
title_sort	vietnam at a crossroads : engaging in the next generation of global value chains
publisher	Washington, DC: World Bank
publishDate	2017
url	http://hdl.handle.net/10986/26215
_version_	1764461164574539776

Vietnam at a Crossroads : Engaging in the Next Generation of Global Value Chains

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