Vietnam is an important partner of India's supply chain diversification strategy, according to the Chairman of India’s Electronics and Computer Software Export Promotion Council.
Though Vietnam’s textile and garment industry ranks fourth in export turnover, its trade surplus is always the highest. However, the “3rd National Scientific Conference on Textiles and Footwear” on October 20 heard that technological innovation in the industry remains at a low level due to policy factors hindering the development of technology for it to better take part in global supply chains.
The Ministry of Industry and Trade has worked with APEC members to hold the “APEC Workshop on Opportunities and Challenges for GVCs [global value chains] during the Covid-19 Pandemic and Post-Pandemic Economic Recovery” on October 13 and 14 in Hanoi. Analysts have proposed a range of solutions to overcome the risks from supply chain disruptions.
The first vessel of ZIM Integrated Shipping Services on the new China - Hai Phong Express (CHX) transport service has arrived in Hai Phong Port. This is a good step in reconnecting broken supply chains between Vietnam and the world via Hai Phong. The CHX route is from Shanghai - Ningbo - Hai Phong - Xiamen - Shanghai.
Speaking at the Vietnam - Japan cooperation seminar on technology innovation, digital transformation, and supply chain diversification on May 1, Japanese Prime Minister Kishida Fumio, who visited Vietnam from April 30 to May 1, said that Vietnam holds an increasingly important position in the global supply chain. Out of a total of 92 projects to diversify supply chains supported by Japan in ASEAN, Vietnam ranks first with 39 projects. He also emphasized that the possibility of cooperation between Vietnam and Japan is unlimited.
Mr. Nguyen Duy Minh, General Secretary of the Vietnam Logistics Business Association, told the “Urgent & long-term solutions to prevent supply chain disruptions” seminar organized by VnEconomy that support is needed for logistics businesses and technology must be applied in goods distribution. It is also necessary to create a priority flow for international freight. Many localities with international border gates have been focusing recently on fighting the pandemic, and this has hindered domestic and international supply chains.
