With robust export growth anticipated this year, Vietnam is well-positioned to capitalise on the ongoing changes in global supply chains, according to Carol Lau, a senior executive of a Hong Kong business.
She reported that Vietnamese exports reached US $ 31.11 billion in February, a phenomenal 25.7 per cent year-over-year rise. Lau noted that key sectors like textiles, garments, and footwear are delivering exceptional performance.
The nation has emerged as a top choice for international corporations seeking to lower the risks involved with low-end manufacturing in the face of persistent trade disputes worldwide.
Vietnamese exporters have established a solid presence in labour-intensive sectors, especially electronics assembly and textiles.
Lau claims that despite these encouraging advancements, Vietnamese exporters still face several obstacles. Concerns about market concentration, technical reliance, and compliance continue to exist.
