Vietnamese enterprises limited in global supply chain
Vietnamese enterprises currently have limited participation in the global supply chain, and are not deeply involved in the value chain of multinational corporations in Vietnam.
A production line at Toyota in the northern province of Vinh Phuc. (Photo: VNA)
Hanoi (VNS/VNA) - Vietnamese enterprises currentlyhave limited participation in the global supply chain, and are not deeplyinvolved in the value chain of multinational corporations in Vietnam.
Pham Tuan Anh, Deputy Director of the Industry Agency at theMinistry of Industry and Trade, said that Vietnam currently had about 5,000processing and manufacturing enterprises engaged in providing spare parts forthe automotive and mechanical industries.
In which 70% of enterprises supply domestic manufacturers, 8%supply exporters and 17% are involved in providing both.
Only about 30% of supporting industry enterprises have joined theglobal supply chain and value chain.
This linkage is loose for many reasons, the main one being thelimited internal resources of the industry, said Anh.
Do Thi Thuy Huong, Vice President of the Vietnam Association forSupporting Industries, said that the specificity of the industry requiredcapital and technology, which were two weaknesses of Vietnamese enterprises.
Besides, the linkage between enterprises in Vietnam is stilllimited and can be said to be weak. They have not fully been aware of the greatbenefits of linking into the domestic business community or between domesticand foreign enterprises.
Anh also acknowledged that Vietnam currently did not have aleading business in the industry.
The level of enterprises and the quality of human resources werestill limited. Research and development work and new product development hadnot been paid attention and there was a lack of investment capital, said Anh.
Meanwhile, he added that the allocation of resources to implementpolicies to support the development of the supporting industry was stillineffective due to the overlapping conflicts of other laws.
“We must strengthen linkages between domestic enterprises, the FDIsector and the global market to take advantage of opportunities from free tradeagreements from the fourth industrial revolution to bring industrialenterprises in the country to participate more deeply in the global valuechain,” Anh told Cong Thuong (Industryand Trade) newspaper./.
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A production line at Toyota in the northern province of Vinh Phuc. (Photo: VNA) 
