(CPV) -The increasing dominance of global value chains (GVCs) in world trade gives developing countries the opportunity to increase their "value capture" - that is, to harvest greater profits, wages, and retained investment - as goods make ever-more-complex international journeys from raw materials to finished products, UNCTAD's World Investment Report 20131 says. The report, which is subtitled Global Value Chains: Investment and Trade for Development, was issued on June 26th 2013. This year's report has a special focus on GVCs, building on the UNCTAD report entitled Global Value Chains and Development that was issued in February. Key findings of the report: The development contribution of GVCs can be significant. In developing countries, value-added trade contributes nearly 30 per cent to countries' GDP on average, as compared with 18 per cent for developed countries. And there is a positive correlation between participation in GVCs and GDP per capita growth rates. GVCs have a … [Read more...] about Report proposes smart government strategies to make value chains work for development
(VEN) - Mrs.Christine Busser Mauron, Deputy Head of Mission, Head of Economic Affairs of the Swiss Embassy in Vietnam talked with Vietnam Economic News' Nguyen Huong on trade promotion and capacity building to increase the international competitiveness of Vietnamese small and medium enterprises (SMEs). The bilateral agreement for a four-year program on "Decentralized Trade Support Services for Strengthening the International Competitiveness of Vietnamese Small and Medium-sized Enterprises" reflects the effort of Swiss Government in helping Vietnamese SMEs. What are the purposes of this program? What will Vietnamese SMEs get from it? The new technical assistance program aims at enhancing the export competitiveness of SMEs by strengthening the skills and capacities of the trade promotion offices and trade support institutions in three regions of Vietnam (Hai Phong, Da Nang and Can Tho and neighboring provinces). This decentralized approach as well as the support of local structures … [Read more...] about SMEs need to move up the value chain
A Betrothal For The Agro-Food Value Chain Reported by Quang TuanJapan’s Marubeni Corp. and Vietnam’s Dong Nai Food Industry Corp. (Dofico) last week signed a Memorandum of Understanding on cooperating in feeding, producing and trading in agro-products in Vietnam. On this occasion, Mr. Wakabayashi Satoshi, Chief Operating Officer of Marubeni’s Food Materials Division, and Ms. Nguyen Thi Le Hong, Chairwoman and General Director of Dofico, spoke with the Weekly about the partnership. Q: What are you heading for with this partnership? Mr. Wakabayashi: We always want to take the leading position in the market that we invest in. We are now seen as the leader in this sector in Japan. We also want to be in the same position in Vietnam. This is the reason why we partnered with Dofico, one of the leading agro-products companies here. To make it come true, we have a lot of things to do to develop the partnership from trading in agricultural materials and feeding products to … [Read more...] about A Betrothal For The Agro-Food Value Chain
Vietnam is well known as one of the most powerful exporters of agricultural products in the world. However, Vietnamese farmers and Vietnamese enterprises cannot pocket enough money from their exports. H'Nu is sitting by the loom in her house in Don Village in EaWer commune, Buon Don District in Dak Lak province. When she does not have to go to the rice field, she stays at home to weave blockade products to sell to tourists. Forty kilometers far away from her house, the Buon Ma Thuot Coffee Transaction Centre is operating, where people trade coffee and earn money from the coffee beans H'Nu and her husband harvest. However, she is neither aware or concerned with this. The only thing H'Nu knows is that her husband sold coffee at 30,000 dong per kilo. H'Nu's coffee Daklak, the most fertile land of the Central Highlands, is reputable for endless coffee fields. However, for many years local farmers have experienced difficulties. Sometimes they suffer from the failures of the coffee crop … [Read more...] about Where are Vietnamese goods in the global value chain?
While significant progress has been made in improving logistics infrastructure and services, there is still ample room for further improvement. Vietnam’s ranking in the Logistics Performance Index dropped from 48 in 2014 to 64 in 2016. Mr Ousmane Dione, World Bank Country Director in Vietnam, said effective and efficient logistics and connectivity are key to Vietnam’s regional and global competitiveness. Logistics performance is particularly important for an economy like Vietnam that is highly dependent on participation in global value chains and exports. This will translate into productivity gain which Vietnam needs to achieve its ambitious development objectives. The country’s consistent policy of openness and export-led growth has paid off. The economic reforms undertaken since the 1990s helped spur growth and reduced poverty. Over the past 20 years, Vietnam has signed more FTAs than any other country in the region, making it one of the most integrated … [Read more...] about Seeking Solutions to Foster Connectivity to Global Value Chains