- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
Logistics firms are pinning high hopes on the recovery of Vietnam's supply chains, following their scheme to scale up business activities.
Creating a favorable environment for enterprises to participate in the global supply chain not only generates economic benefits but also contributes to the sustainable development and prosperity of the country.
The supporting industry plays a crucial role in promoting development and enhancing competitiveness. To develop this sector robustly, it is necessary to remove policy "bottlenecks" and increase connectivity within the industry.
In its recent study titled Vietnam – Recovery to gain momentum Quarter 2, Standard Chartered maintains its GDP growth forecast for Vietnam at 6.7 per cent, as the bounce in economic indicators has become broader.
To participate in the supply chain, textile enterprises must change their production strategies through process improvements, innovation in machinery and equipment, technology updates and greening of production stages to enhance quality.