Vietnam : Connecting Value Chains for Trade Competitiveness
Vietnam's export-led growth strategy and global integration are among the key factors behind thecountry's remarkable achievements in growth and poverty reduction over the last two and a halfdecades. During this period, Vietnam's per...
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World Bank, Hanoi
2020
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| Online Access: | http://documents.worldbank.org/curated/en/338961578925176972/Vietnam-Connecting-Value-Chains-for-Trade-Competitiveness http://hdl.handle.net/10986/33219 |
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okr-10986-332192021-05-25T09:31:54Z Vietnam : Connecting Value Chains for Trade Competitiveness Pham, Duc Minh Hollweg, Claire Honore Mtonya, Brian Winkler, Deborah Elisabeth Nguyen, Thuy CONNECTIVITY TRADE POLICY VALUE CHAIN TRADE GATEWAYS REGIONAL SPECIALIZATION LAGGING REGION INDUSTRIAL ZONE SPECIAL ECONOMIC ZONE COMPETITIVENESS TRANSPORT INVESTMENT TEXTILES AND APPAREL FOOTWEAR INDUSTRY AUTOMOTIVE INDUSTRY ELECTRONICS INDUSTRY WOOD PRODUCTS PROCESSING RUBBER INDUSTRY RICE COFFEE FRUIT AND VEGETABLES Vietnam's export-led growth strategy and global integration are among the key factors behind thecountry's remarkable achievements in growth and poverty reduction over the last two and a halfdecades. During this period, Vietnam's per capita income increased nearly fourfold and povertywas reduced from around 53 percent in 1992 to 2 percent in 2016. Vietnam has become one of themost open economies in the world with a trade-to-GDP ratio of 187.52 percent in 2018. Merchandiseexport growth averaged more than 15 percent per annum in the last ten years; nearly five times theglobal export growth. The country's export basket has improved in its technological content and hasdiversified in both its geographic destination and its product mix. There are nevertheless challenges that continue to confront Vietnam’s export performance. Many of Vietnam's manufacturing exports have low domestic value addition, where Vietnam performs primarily assembly functions. Trade costs remain high compared to the average regional level. Domestic firms' participation in key global value chains (GVCs) is limited, and instead, export performance is largely driven by the foreign direct investment (FDI) sector, accounting for more than 70 percent of total exports. Vietnam will likely be able to maintain its high export performance even if these challenges are not addressed, but there is scope for Vietnam to benefit even more from trade. 2020-01-22T16:58:10Z 2020-01-22T16:58:10Z 2019-12 Working Paper http://documents.worldbank.org/curated/en/338961578925176972/Vietnam-Connecting-Value-Chains-for-Trade-Competitiveness http://hdl.handle.net/10986/33219 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Hanoi Publications & Research Publications & Research :: Working Paper 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 |
| topic |
CONNECTIVITY TRADE POLICY VALUE CHAIN TRADE GATEWAYS REGIONAL SPECIALIZATION LAGGING REGION INDUSTRIAL ZONE SPECIAL ECONOMIC ZONE COMPETITIVENESS TRANSPORT INVESTMENT TEXTILES AND APPAREL FOOTWEAR INDUSTRY AUTOMOTIVE INDUSTRY ELECTRONICS INDUSTRY WOOD PRODUCTS PROCESSING RUBBER INDUSTRY RICE COFFEE FRUIT AND VEGETABLES |
| spellingShingle |
CONNECTIVITY TRADE POLICY VALUE CHAIN TRADE GATEWAYS REGIONAL SPECIALIZATION LAGGING REGION INDUSTRIAL ZONE SPECIAL ECONOMIC ZONE COMPETITIVENESS TRANSPORT INVESTMENT TEXTILES AND APPAREL FOOTWEAR INDUSTRY AUTOMOTIVE INDUSTRY ELECTRONICS INDUSTRY WOOD PRODUCTS PROCESSING RUBBER INDUSTRY RICE COFFEE FRUIT AND VEGETABLES Pham, Duc Minh Hollweg, Claire Honore Mtonya, Brian Winkler, Deborah Elisabeth Nguyen, Thuy Vietnam : Connecting Value Chains for Trade Competitiveness |
| geographic_facet |
East Asia and Pacific Vietnam |
| description |
Vietnam's export-led growth
strategy and global integration are among the key factors
behind thecountry's remarkable achievements in growth
and poverty reduction over the last two and a halfdecades.
During this period, Vietnam's per capita income
increased nearly fourfold and povertywas reduced from around
53 percent in 1992 to 2 percent in 2016. Vietnam has become
one of themost open economies in the world with a
trade-to-GDP ratio of 187.52 percent in 2018.
Merchandiseexport growth averaged more than 15 percent per
annum in the last ten years; nearly five times theglobal
export growth. The country's export basket has improved
in its technological content and hasdiversified in both its
geographic destination and its product mix. There are
nevertheless challenges that continue to confront Vietnam’s
export performance. Many of Vietnam's manufacturing
exports have low domestic value addition, where Vietnam
performs primarily assembly functions. Trade costs remain
high compared to the average regional level. Domestic
firms' participation in key global value chains (GVCs)
is limited, and instead, export performance is largely
driven by the foreign direct investment (FDI) sector,
accounting for more than 70 percent of total exports.
Vietnam will likely be able to maintain its high export
performance even if these challenges are not addressed, but
there is scope for Vietnam to benefit even more from trade. |
| format |
Working Paper |
| author |
Pham, Duc Minh Hollweg, Claire Honore Mtonya, Brian Winkler, Deborah Elisabeth Nguyen, Thuy |
| author_facet |
Pham, Duc Minh Hollweg, Claire Honore Mtonya, Brian Winkler, Deborah Elisabeth Nguyen, Thuy |
| author_sort |
Pham, Duc Minh |
| title |
Vietnam : Connecting Value Chains for Trade Competitiveness |
| title_short |
Vietnam : Connecting Value Chains for Trade Competitiveness |
| title_full |
Vietnam : Connecting Value Chains for Trade Competitiveness |
| title_fullStr |
Vietnam : Connecting Value Chains for Trade Competitiveness |
| title_full_unstemmed |
Vietnam : Connecting Value Chains for Trade Competitiveness |
| title_sort |
vietnam : connecting value chains for trade competitiveness |
| publisher |
World Bank, Hanoi |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/338961578925176972/Vietnam-Connecting-Value-Chains-for-Trade-Competitiveness http://hdl.handle.net/10986/33219 |
| _version_ |
1764478250667474944 |