Vietnams Global Value Chains Participation And Policy Implications For South Korea Vietnam Economic Cooperation

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Vietnam's Global Value Chains Participation and Policy Implications for South Korea-Vietnam Economic Cooperation

Author : Hoan Quang Truong
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Vietnam's Global Value Chains Participation and Policy Implications for South Korea-Vietnam Economic Cooperation by : Hoan Quang Truong

Download or read book Vietnam's Global Value Chains Participation and Policy Implications for South Korea-Vietnam Economic Cooperation written by Hoan Quang Truong and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term “value chain” refers to the whole production process of a good or service from the design and raw material processing to manufacturing and market services for the final customers. A global value chain (GVC) indicates production across multiple countries (Simola 2021). Wang et al. (2017) distinguish between simple and complex GVC activities and classify GVC participation in the following four activities: (i) export its domestic value added in intermediate exports used by a direct importing country to produce products for the importing country's final consumption (simple GVC); (ii) export its domestic value added in intermediate exports used by a direct importing country to produce products for importing countries' exports to third countries (complex GVC forward participation); (iii) importing foreign value added in intermediate imports to produce products for domestic use (simple GVC); (iv) importing foreign value-added in intermediate imports to produce products for its gross exports (complex GVC backward participation).Trade and foreign direct investment (FDI) are considered to be the main driving factors of Vietnam's economic growth. However, Vietnam's growth rates became substantially lower in the first decade of the 21st century and even lower after 2008, putting the country in high danger of falling into a middle-income trap (Nguyen and Truong 2022). Overcoming this huge challenge will require Vietnam to make greater progress in GVC participation, which can only be obtained by implementing the appropriate policy reforms and adjustments, particularly in FDI, trade, and industrial and institutional areas. In this regard, assistance and cooperation from Korea - an advanced economy, especially a top trade and FDI partner of Vietnam - would play a significant role in improving Vietnam's GVCs participation.Against this backdrop, this study aims to examine Vietnam's GVC participation. It then assesses the major challenges faced by Vietnam's GVC participation. Based on this, the research draws relevant policy implications for Vietnam-South Korea (hereafter Korea) economic cooperation to improve Vietnam's GVC participation in the following years.

Vietnam at a Crossroads

Author : Claire Hollweg
Publisher : World Bank Publications
ISBN 13 : 1464809828
Total Pages : 260 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Vietnam at a Crossroads by : Claire Hollweg

Download or read book Vietnam at a Crossroads written by Claire Hollweg and published by World Bank Publications. This book was released on 2017-03-15 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vietnam is at a crossroads. It can grow as an export platform for GVCs, specializing in low value-added assembly functions with industrialization occurring in enclaves with little connection to the broader economy or society; or it can leverage the current wave of growth, enabled and accelerated by its successful participation in GVCs, to diversify and move up the chain into higher value-added functions. Success will require Vietnam’s policymakers to view the processes of development differently, and to take new realities of the global economy more fully into account. The purpose of this volume is to support Vietnam’s path to economic prosperity by identifying policies and targeted interventions that will drive development through leveraging GVC participation that take major shifts in trade policy and rapid technological advances in ICT into account. The volume is based on a compilation of studies completed by World Bank staff and external consultants in 2015 supporting the “Enabling Economic Modernization and Private Sector Development†? chapter of the Vietnam 2035 report. The objective of these studies was to diagnose Vietnam’s current participation in GVCs, visualize where Vietnam could be by 2035 in the context of a changing global environment, and identify the policy actions needed to get there. The studies also supported topics related more broadly to export competitiveness, including firm-level productivity, services, and connectivity. It then identifies targeted strategies and policy interventions that will help overcome challenges, minimize risks, and maximize opportunities. Readers will gain a strong understanding of Vietnam’s current and potential engagement with GVCs—and will learn about strategic GVC policy tools that can help developing countries achieve economic prosperity in the context of compressed development.

Korea's Participation in Global Value Chains and Policy Implications

Author : Sunghoon Chung
Publisher :
ISBN 13 :
Total Pages : 11 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Korea's Participation in Global Value Chains and Policy Implications by : Sunghoon Chung

Download or read book Korea's Participation in Global Value Chains and Policy Implications written by Sunghoon Chung and published by . This book was released on 2016 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The expansion of global value chains during the past 20 years has widened the gap between export value and domestic value added, diminishing the per-unit contribution of exports to the country's economic growth. Thus, policies now need to target creating value added rather than increasing gross exports and focus on enhancing the competitiveness of input and production activities. In particular, regulatory reform must take place in the service sector to eliminate unnecessary obstacles to competitiveness. Moreover, to utilize global value chains more effectively, efforts should be made to enhance the efficiency of offshoring and attract production to the country's shores in order to create more domestic valued added and jobs.

World Development Report 2020

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464814953
Total Pages : 511 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis World Development Report 2020 by : World Bank

Download or read book World Development Report 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-19 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.

Vietnam at a Crossroads

Author : Claire H. Hollweg
Publisher : Directions in Development
ISBN 13 : 9781464809965
Total Pages : 0 pages
Book Rating : 4.8/5 (99 download)

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Book Synopsis Vietnam at a Crossroads by : Claire H. Hollweg

Download or read book Vietnam at a Crossroads written by Claire H. Hollweg and published by Directions in Development. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume supports Vietnam's path to economic prosperity by identifying policies and targeted interventions that will drive development through leveraging GVC participation that take major shifts in trade policy and rapid technological advances in ICT into account

Global Value Chain Development Report 2021

Author : Banque asiatique de développement
Publisher :
ISBN 13 : 9789287054296
Total Pages : 0 pages
Book Rating : 4.0/5 (542 download)

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Book Synopsis Global Value Chain Development Report 2021 by : Banque asiatique de développement

Download or read book Global Value Chain Development Report 2021 written by Banque asiatique de développement and published by . This book was released on 2022-01-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A radical shift is underway in global value chains as they increasingly move beyond traditional manufacturing processes to services and other intangible assets. Digitization is a leading factor in this transformation, which is being accelerated by the coronavirus disease (COVID-19) pandemic. The Global Value Chain Development Report, the third of a biennial series, explores this shift beyond production. The report shows how the rise of services value chains offers a new path to development and how protectionism and geopolitical tensions, environmental risks, and pandemics are undermining the stability of global value chains and forcing their reorganization geographically. It is co-published by the WTO, the Asian Development Bank, the Research Institute for Global Value Chains at the University of International Business and Economics, the Institute of Developing Economies, and the China Development Research Foundation.

China's Changing Trade and the Implications for the CLMV

Author : Mr.Koshy Mathai
Publisher : International Monetary Fund
ISBN 13 : 1475531710
Total Pages : 84 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis China's Changing Trade and the Implications for the CLMV by : Mr.Koshy Mathai

Download or read book China's Changing Trade and the Implications for the CLMV written by Mr.Koshy Mathai and published by International Monetary Fund. This book was released on 2016-09-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s trade patterns are evolving. While it started in light manufacturing and the assembly of more sophisticated products as part of global supply chains, China is now moving up the value chain, “onshoring” the production of higher-value-added upstream products and moving into more sophisticated downstream products as well. At the same time, with its wages rising, it has started to exit some lower-end, more labor-intensive sectors. These changes are taking place in the broader context of China’s rebalancing—away from exports and toward domestic demand, and within the latter, away from investment and toward consumption—and as a consequence, demand for some commodity imports is slowing, while consumption imports are slowly rising. The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage, low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items. Labor costs, however, are only part of the story. The CLMV will need to strengthen their infrastructure, education, governance, and trade regimes, and also run sound macro policies in order to capitalize fully on the opportunities presented by China’s transformation. With such policy efforts, the CLMV could see their trade and integration with global supply chains grow dramatically in the coming years.

Global Value Chains in a Postcrisis World

Author : Olivier Cattaneo
Publisher : World Bank Publications
ISBN 13 : 0821384996
Total Pages : 420 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Global Value Chains in a Postcrisis World by : Olivier Cattaneo

Download or read book Global Value Chains in a Postcrisis World written by Olivier Cattaneo and published by World Bank Publications. This book was released on 2010 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book looks to address the following questions in a post-crisis world: How have lead firms responded to the crisis? Have they changed their traditional supply chain strategy and relocated and/or outsourced part of their production? How will those changes affect developing countries? What should be the policy responses to these changes?

Global Value Chains in a Changing World

Author : Deborah Kay Elms
Publisher :
ISBN 13 : 9789287038821
Total Pages : 409 pages
Book Rating : 4.0/5 (388 download)

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Book Synopsis Global Value Chains in a Changing World by : Deborah Kay Elms

Download or read book Global Value Chains in a Changing World written by Deborah Kay Elms and published by . This book was released on 2013 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of papers by some of the world's leading specialists on global value chains (GVCs). It examines how GVCs have evolved and the challenges they face in a rapidly changing world. The approach is multi-disciplinary, with contributions from economists, political scientists, supply chain management specialists, practitioners and policy-makers. Co-published with the Fung Global Institute and the Temasek

Skilling Up Vietnam

Author : Christian Bodewig
Publisher : World Bank Publications
ISBN 13 : 1464802319
Total Pages : 193 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Skilling Up Vietnam by : Christian Bodewig

Download or read book Skilling Up Vietnam written by Christian Bodewig and published by World Bank Publications. This book was released on 2014-07-02 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demand for workforce skills is changing in Vietnam’s dynamic economy. In addition to job-specific skills, Vietnamese employers value cognitive skills, like problem solving, and behavioral skills, like team work. This book presents an agenda of change for Vietnam’s education system to prepare workers to succeed in Vietnam’s modernizing economy.

Vietnam 2035

Author : World Bank Group;Ministry of Planning and Investment of Vietnam
Publisher : World Bank Publications
ISBN 13 : 1464808252
Total Pages : 596 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Vietnam 2035 by : World Bank Group;Ministry of Planning and Investment of Vietnam

Download or read book Vietnam 2035 written by World Bank Group;Ministry of Planning and Investment of Vietnam and published by World Bank Publications. This book was released on 2016-11-07 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirty years of Ä?á»•i Má»›i (economic renovation) reforms have catapulted Vietnam from the ranks of the world’s poorest countries to one of its great development success stories. Critical ingredients have been visionary leaders, a sense of shared societal purpose, and a focus on the future. Starting in the late 1980s, these elements were successfully fused with the embrace of markets and the global economy. Economic growth since then has been rapid, stable, and inclusive, translating into strong welfare gains for the vast majority of the population. But three decades of success from reforms raises expectations for the future, as aptly captured in the Vietnamese constitution, which sets the goal of “a prosperous people and a strong, democratic, equitable, and civilized country.†? There is a firm aspiration that by 2035, Vietnam will be a modern and industrialized nation moving toward becoming a prosperous, creative, equitable, and democratic society. The Vietnam 2035 report, a joint undertaking of the Government of Vietnam and the World Bank Group, seeks to better comprehend the challenges and opportunities that lie ahead. It shows that the country’s aspirations and the supporting policy and institutional agenda stand on three pillars: balancing economic prosperity with environmental sustainability; promoting equity and social inclusion to develop a harmonious middle- class society; and enhancing the capacity and accountability of the state to establish a rule of law state and a democratic society. Vietnam 2035 further argues that the rapid growth needed to achieve the bold aspirations will be sustained only if it stands on faster productivity growth and reflects the costs of environmental degradation. Productivity growth, in turn, will benefit from measures to enhance the competitiveness of domestic enterprises, scale up the benefits of urban agglomeration, and build national technological and innovative capacity. Maintaining the record on equity and social inclusion will require lifting marginalized groups and delivering services to an aging and urbanizing middle-class society. And to fulfill the country’s aspirations, the institutions of governance will need to become modern, transparent, and fully rooted in the rule of law.

Vietnam

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 : 1498326803
Total Pages : 94 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Vietnam by : International Monetary Fund. Asia and Pacific Dept

Download or read book Vietnam written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-07-16 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Vietnam highlights that gradual fiscal consolidation, strict limits on government guarantees and robust growth in recent years have led to declining government debt, expected to continue under current policies. But while there is some fiscal space, fiscal needs are large, for infrastructure, social spending and to deal with population aging. The tightening of credit growth continued in 2018; however, liquidity remained ample, aided by the strong balance of payments and tight fiscal policies. The State Bank of Vietnam has initiated plans to modernize its monetary framework with IMF technical support. The authorities’ efforts to improve economic institutions and governance continue and the fight against grand corruption has resulted in significant sentences in recent high-profile cases. Improvements in transparency and statistical systems are underway, with support from the IMF and the Financial Action Task Force’s Asia Pacific Group.

Applying General Equilibrium

Author : John B. Shoven
Publisher : Cambridge University Press
ISBN 13 : 9780521319867
Total Pages : 316 pages
Book Rating : 4.3/5 (198 download)

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Book Synopsis Applying General Equilibrium by : John B. Shoven

Download or read book Applying General Equilibrium written by John B. Shoven and published by Cambridge University Press. This book was released on 1992-05-29 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.

ASEAN Centrality and the ASEAN-US Economic Relationship

Author : Peter A. Petri
Publisher :
ISBN 13 : 9780866382465
Total Pages : 75 pages
Book Rating : 4.3/5 (824 download)

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Book Synopsis ASEAN Centrality and the ASEAN-US Economic Relationship by : Peter A. Petri

Download or read book ASEAN Centrality and the ASEAN-US Economic Relationship written by Peter A. Petri and published by . This book was released on 2014-02-21 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Association of Southeast Asian Nations (ASEAN) is strategically significant because of its size, dynamism, and role in the Asian economic and security architectures. This paper examines how ASEAN seeks to strengthen these assets through "centrality" in intraregional and external policy decisions. It recommends a two-speed approach toward centrality in order to maximize regional incomes and benefit all member economies: first, selective engagement by ASEAN members in productive external partnerships and, second, vigorous policies to share gains across the region. This strategy has solid underpinnings in the Kemp-Wan theorem on trade agreements. It would warrant, for example, a Trans-Pacific Partnership (TPP) agreement with incomplete ASEAN membership, complemented with policies to extend gains across the region. The United States could support this framework by pursuing deep relations with some ASEAN members, while broadly assisting the region's development.

Global Value Chain Development Report 2019

Author : World Tourism Organization
Publisher : World Trade Organization
ISBN 13 : 9789287049674
Total Pages : 184 pages
Book Rating : 4.0/5 (496 download)

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Book Synopsis Global Value Chain Development Report 2019 by : World Tourism Organization

Download or read book Global Value Chain Development Report 2019 written by World Tourism Organization and published by World Trade Organization. This book was released on 2019-06-04 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) are evolving in light of technological developments, such as robotics, big data and the Internet of Things. These technologies are reshaping GVCs and effecting changes on labor markets in developed and developing economies and on supply chain management. This report discusses how technological developments are creating new opportunities for the participation of small and medium-sized enterprises in global value chains and reviews issues related to GVC measurement. The report is a follow-up to the first Global Value Chain Development Report, which revealed the changing nature of international trade when analyzed in terms of value chains and value-added trade. This report is co-published by the World Trade Organization, the Institute of Developing Economies (IDE-JETRO), the Organization for Economic Cooperation and Development, the Research Center of Global Value Chains headquartered at the University of International Business and Economics (RCGVC-UIBE), the World Bank Group, and the China Development Research Foundation.

Geopolitics, Supply Chains, and International Relations in East Asia

Author : Etel Solingen
Publisher : Cambridge University Press
ISBN 13 : 110883356X
Total Pages : 321 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Geopolitics, Supply Chains, and International Relations in East Asia by : Etel Solingen

Download or read book Geopolitics, Supply Chains, and International Relations in East Asia written by Etel Solingen and published by Cambridge University Press. This book was released on 2021-05-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible overview of political, economic, and strategic dimensions of global supply chains in a changing global political economy.

Vietnam-China Agricultural Trade

Author : Le Hai Binh
Publisher : ISEAS-Yusof Ishak Institute
ISBN 13 : 9814951587
Total Pages : 42 pages
Book Rating : 4.8/5 (149 download)

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Book Synopsis Vietnam-China Agricultural Trade by : Le Hai Binh

Download or read book Vietnam-China Agricultural Trade written by Le Hai Binh and published by ISEAS-Yusof Ishak Institute. This book was released on 2021-03-18 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural products are one of Vietnam’s most important exports, contributing considerably to the overall export turnover of the country. Vietnam’s agricultural exports are easily affected by external factors. It is overly dependent on the Chinese market, and its agricultural products do not as yet meet strict global standards. Challenges facing Vietnam’s export of fruits and vegetables to the Chinese market include technical barriers, long risk assessment periods, restrictions on products exported through official quotas to the Chinese market, and frequent changes in China’s policy on border crossings. The ongoing COVID-19 pandemic has underscored the importance of market diversification to this sector. To further develop its agricultural export sector, Vietnam needs to gather and consolidate information on import standards and guide its farmers on product quality requirements. Besides, efforts to gradually diversify its markets are essential for it to avoid being dependent on a small number of partners and markets. Vietnam’s participation in international organizations such as ASEAN, APEC, WTO, and AEC exemplifies its increasingly active efforts at seeking new development opportunities. The seventeen bilateral and multilateral free trade agreements which have been signed by Vietnam partly demonstrates efforts at achieving market diversification.