Subsequent, Vietnam must develop world-class corporations. Presently, the nation’s main companies are in conventional upstream sectors like oil and electrical energy, or in major industries like meals and paper; a lot of the particular manufacturing is finished by international corporations. Constructing higher corporations in export sectors like electronics would permit Vietnam not solely to seize an even bigger share of the worth of world provide chains (by means of branding and advertising and marketing), however to raised soak up international expertise as properly. As writer Joe Studwell illustrates in his ebook “How Asia Works,” the instance of South Korea’s Hyundai Motor Co. exhibits how producers might be very efficient autos for studying international methods of creating issues and doing enterprise. Vietnam ought to goal to create related champions.
https://www.washingtonpost.com/enterprise/how-to-make-vietnam-a-powerful-trade-ally-for-the-us/2021/08/29/a5c67604-091d-11ec-a7c8-61bb7b3bf628_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Tips on how to Make Vietnam a Highly effective Commerce Ally for the U.S.