Vietnamese enterprises should dig into new technologies to improve product quality and brands so as to better engage in the global value chains, Minister of Industry and Trade Tran Tuan Anh has said.

Deeper integration into the global value chain while developing an increasingly independent and self-controlled economy are both a requirement and a solution to help Vietnam overcome the challenges to realise its goal of rapid and sustainable development, according to Party Central Committee and Minister of Industry and Trade Tran Tuan Anh.

The ratio of Vietnamese goods imported and used as input materials by foreign countries is decreasing, while the ratio of Vietnam’s import of input materials to produce goods for end-consumption is increasing.

VOV.VN - The Government should provide additional assistance in reducing costs and simplifying administrative procedures to help local firms get more involved in the global value chain and therefore make the most of the EU-Vietnam Free Trade Agreement.

VOV.VN - Policy clarification and adjustment are the best methods in which the nation can further integrate into global value chains, according to Ambassador of the EU to Vietnam Giorgio Aliberti.

VOV.VN - Both Vietnam and the EU will launch a broad range of practical activities to effectively implement the European Union-Vietnam Free Trade Agreement (EVFTA) from August, with a forum on trade and industry co-operation with EU partners.

VOV.VN - Thailand’s trade office in Ho Chi Minh City hosted a trade exchange programme on July 14 to seek ways for local businesses to join regional supply chains and seize cooperation opportunities that exist between Vietnam and Thailand.