2025 marks a profound and strong transition phase in the global supply chain, stemming from factors such as geopolitical tensions, climate change, inflation and the US counterpart tax policy.
According to Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, the main trends of global supply chain restructuring that are taking place can be mentioned such as: Diversifying suppliers, shifting production closer to the consumption market or to the country, integrating digital technology and AI, strengthening the sustainability and recovery of the supply chain...
It can be said that restructuring the global supply chain is a process that requires long-term preparation and strategy. This has and is opening up both opportunities and challenges for Vietnam, especially in international integration, import and export development and attracting foreign investment" - the Deputy Minister emphasized.
In that context, the Ministry of Industry and Trade determined that it is necessary to closely follow Resolution No. 59-NQ/TW of the Politburo on international integration in the new situation and Resolution No. 153/NQ-CP of the Government to take advantage of opportunities from global supply chain restructuring.
First, Vietnam is a new production center of the world, continuing to receive much attention and investment from large corporations and businesses around the world to restructure the supply chain of these corporations and businesses themselves.
The Ministry of Industry and Trade will continue to monitor and closely follow the shifts as well as the needs of the world to call for and select quality foreign investors that are suitable for the country's orientation. At the same time, consolidate and develop the supply chain, helping Vietnam become an important link deeply participating in the global supply chain.
At the same time, promote the improvement of the investment environment (from administrative procedures, logistics to green energy infrastructure) to create the most favorable conditions for strategic investors, while linking financial incentives with requirements for technology/localization content" - the Deputy Minister said.
Second, continue to promote the implementation, propaganda and dissemination to the business community to deeply exploit the existing 17 bilateral and multilateral FTA systems (such as CPTPP, EVFTA, UKVFTA, RCEP, VKFTA... ). At the same time, promote negotiations, towards signing free trade agreements, trade agreements with new partners...
Thereby, both deeply exploiting and opening up more market space for export businesses, and supporting businesses to make good use of tariff preferences and rules of origin stipulated in FTAs, are factors for major countries to pay more attention to Vietnam in investment, enhancing Vietnam's position in the global value chain.
Third, continue to organize many in-depth trade promotion programs, international supply-demand connection events to directly connect manufacturing enterprises with importers and global distribution chains.
Fourth, proactively organize programs to promote cross-border e-commerce and digitize export processes to help small and medium-sized enterprises increase their ability to effectively meet transnational orders.
Finally, promote linkages between domestic enterprises and international corporations.
