global value chain

Vietnam is looking into developing an ecosystem to enhance connections between Vietnamese enterprises and other countries in order to further take advantage of free trade agreements (FTAs), including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), participants heard in a seminar in Hanoi on October 2.

Vietnam, like many other East and Southeast Asian countries, is further climbing up the global value chain (GVC) thanks to the positive effect of the utilisation of foreign direct investment (FDI), according to the latest report by Hinrich Foundation.