KUALA LUMPUR: Vietnam has created little value added from exports (US$69 billion in 2019), that is equivalent to only one quarter of nominal value of exports of goods and services (US$260 billion), posing many strategic challenges to its development.
This is according to the recently released study by the Asean-Japan Centre on Global Value Chains in Asean: Vietnam.
Although gross exports of Viet Nam are growing, the contribution of domestic value added exports to the national economy is small, accounting for only 12 per cent of GDP, compared with the Asean average of 33%. Global value chains of Viet Nam indicate the extent to which the country is involved in world and regional production networks.
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