Financial solutions for the global supply chain in Vietnam
- 147
- Business
- 16:10 01/04/2024
DNHN - The import and export of goods have played an important role in connecting Vietnam with the global economy. To ensure effective connectivity in the global supply chain, the application of financial solutions is essential.

Financial solutions play an important role
To facilitate global production and supply, Vietnam needs to increase investment in financial infrastructure. This includes developing banks, exchanges and other financial infrastructure to support trading, payment and security activities.
To enhance the competitiveness of businesses in the global supply chain, the government and financial institutions can provide financial support policies. This could include providing preferential capital, tax and interest rate reductions for businesses involved in export and import.
Vietnam can strengthen the development of its financial market to attract investment capital and create conditions for financial activities to develop. This can be achieved by expanding the stock market, developing the bond market and strengthening cooperation with international financial institutions.
To effectively implement financial solutions, Vietnam needs to invest in training and improving the financial capacity of staff and experts in this field. This helps to improve financial management knowledge and skills, thereby creating professionalism and reliability in financial operations.
Vietnam can strengthen cooperation with financial institutions and international partners to share experience, knowledge and financial resources. This can be done by establishing links with international financial institutions, participating in international financial forums and conferences, and learning from countries with experience in developing global supply chains.
In summary, to enhance Vietnam’s competitiveness in the global supply chain, financial solutions play an important role. By investing in financial infrastructure, providing financial support for businesses, developing financial markets, training and improving financial capacity, building an effective financial management system and strengthening international cooperation, Vietnam can create a favourable financial environment that encourages the sustainable development of the global supply chain in the country.
A rather “difficult” problem for Vietnamese businesses
Experts say that building an effective financial management system is an important factor in ensuring the stability and sustainability of the global supply chain. This includes applying international financial management standards, improving accounting and financial reporting processes, and ensuring compliance with international financial regulations and rules.
Sharing about this issue, Mr Luu Van Dai - Director of Metal Heat Vietnam Joint Stock Company, a unit specialising in heat treatment of automotive, motorcycle and machine parts, said that finding a way to participate in the global supply chain of large corporations is a problem that many Vietnamese mechanical businesses are “struggling” to find a solution for. Because businesses see a lot of opportunities but do not have capital, so they do not dare to invest and do not have the ability to invest.
According to Mr Dai, the products that businesses participate in the supply chain of large corporations must meet at least 2 criteria, which are quality and price. This requires businesses to have good technology and find the optimal production method to reduce production costs, thereby reducing product prices. China is a “kingdom of cheap prices”, but when it comes to products in the chain, even the prices that Japanese companies sell are very reasonable. This is more or less related to the technology that Japanese businesses are applying.
Mr Dai said that advanced technology will optimise production, and create product lines with good quality and reasonable prices. Accessing advanced technology in the world or studying advanced technology is not a difficult thing for Vietnamese businesses.
“But capital is the biggest problem that domestic mechanical businesses are very weak in” - Mr Dai affirmed and said that investing in new technology requires a lot of money, and a small business is very difficult to have enough financial potential to invest in modern technologies, start-up businesses are even more difficult in accessing this technology.
Nhan Ha Phan
Related news
- Hanoi receives two million visitors during the four-day National Day holidays
- Multiple MoUs signed in Da Nang to boost semiconductor development
- UNDP Resident Representative hails Vietnam as an emerging economic powerhouse
- How the UAE Transformed from Oil Wealth to AI Leadership?
- Success in business is always a human story
- Mr. Le Viet Thang, CEO of 1Office: "Don’t use old solutions for new ai challenges"
- VinFast: a strategic pivot amid the green industry storm?
- 127 high-value projects post-merger: Ho Chi Minh City rolls out the red carpet for strategic investors
- Pakistani Ambassador to Vietnam: “Peace and unity are the strength to build the future.”
- Vietnam's Semiconductor Leap: Five Strategic Policies to Reach 2027 Goal
- What’s Vietnam’s game plan as President Trump pressures the Fed?
- SK Innovation and HD Hyundai (South Korea) step up cooperation with Khánh Hòa Province (Vietnam)
- Quang Tri attracts $96.5 mln in new projects in July
- A trade fair organizer surprises by joining the ranks of top-earning listed companies
- HDBank secures USD 215 million syndicated loan from JICA, SMBC, and FinDev Canada
- Samsung Electronics Vietnam inaugurates its first rooftop solar project at Bac Ninh Factory
- Promoting market development for science and technology products
- Sao Mai Group’s pangasius export segment embraces new opportunities
- Energy transition in Vietnam: Opportunities and challenges from coal power to renewables
- Renewable energy: Steering in the right direction of the times
Đọc thêm Business
Multiple MoUs signed in Da Nang to boost semiconductor development
The agreements inked within the framework of the Da Nang Finance and Tech Week 2025.
Grand celebration of Vietnam’s 80th National Day deeply moves international friends
HANOI, September 2, 2025 – On this historic morning, the capital of Vietnam was bathed in vibrant red and gold as A80 – the 80th National Day Military Parade captivated the entire nation and left a lasting impression on foreigners living and working
Vietnam’s 80th National Day through the eyes of the international media
Hanoi, September 2, 2025 – Vietnam marked the 80th anniversary of its National Day in a festive atmosphere that spread across the streets and into the hearts of millions. At historic Ba Dinh Square, a large-scale military and civilian parade stirred
Success in business is always a human story
Those were the insights shared by Ms. Lirone Glikman, a global expert in strategic networking, in her conversation with Enterprise and Integration Magazine during her Asia tour and the launch of her book The Super Connector’s Playbook in Vietnam.
VinFast: a strategic pivot amid the green industry storm?
As the global auto industry accelerates its transition to electric mobility, VinFast faces its toughest test yet: soaring financial pressure, heated debates on phasing out combustion engines, and mounting global competition.
127 high-value projects post-merger: Ho Chi Minh City rolls out the red carpet for strategic investors
Ho Chi Minh City has unveiled a portfolio of 127 strategic projects as part of a major investment restructuring effort post-boundary expansion, signaling a shift toward selective and high-impact investment in technology, finance, and logistics.
Vietnam's Semiconductor Leap: Five Strategic Policies to Reach 2027 Goal
Vietnam has set an ambitious target: to manufacture "Make in Vietnam" semiconductor chips by 2027. This bold commitment marks a defining moment in the country’s high-tech trajectory, positioning Vietnam as a rising contender in the global chip race.
What’s Vietnam’s game plan as President Trump pressures the Fed?
In a move that rattled political circles and financial markets worldwide, U.S. President Donald Trump declared he would sue Federal Reserve Chairman Jerome Powell for “stifling growth” with high interest rates.
Quang Tri attracts $96.5 mln in new projects in July
The provincial authorities approved investment policy for 13 projects in the month of July.
Samsung Electronics Vietnam inaugurates its first rooftop solar project at Bac Ninh Factory
July 31, 2025, Samsung Electronics Vietnam (SEV) officially inaugurated the rooftop solar power project at the SEV factory in Yen Phong Industrial Park, Bac Ninh.