COVID-19 pandemic improves Vietnam’s chance to enter global supply chain: ILO expert
The effective handling by the Vietnamese Government of the COVID-19 crisis has created a very big opportunity for local suppliers to attract more businesses and investment from other countries, thus entering the global supply chain, according to an ILO expert.
Stephan Ulrich, SCORE Regional Programme Manager speaks at the conference (Photo: VNA)
Hanoi (VNA) 🌃– The effective handling by the VietnameseGovernment of the COVID-19 crisis has created a very big opportunity for localsuppliers to attract more businesses and investment from other countries, thusentering the global supply chain, according to an ILO expert.
The Vietnamese industry could operate quite normally for many months incomparison with other countries where they apply longer lockdown amid theCOVID-19 pandemic, and this makes Vietnam become quite famous for good handlingof the sitation. It also helps the domestic companies keep producing, saidStephan Ulrich, Regional Programme Manager of the Sustaining Competitive andResponsible Enterprises (SCORE) Programme of the International LabourOrganisation (ILO).
“I think that Vietnam’s successful handling of the COVID-19 crisis has shownto many international buyers looking for places to produce or suppliers thatVietnam is really a place to do business,” he said in an interview with the Vietnam News Agency on the sidelines of theBusiness Matchmaking Conference for Automotive, Electronics, MechanicalIndustry 2020 in Hanoi on November 25.
🙈 The expert spoke highly of Vietnam’s investment climate and workforce, whichare important factors for attracting international manufacturers and forexport.
“From the eye of ILO, I believe good work conditions are more important forentering key markets."
He also suggests Vietnamese enterprises update modern technology and improveproduction quality and speed of delivery, while investing in quality staff,implementing and producing consistent quality products to take full advantagesof the opportunity to enter the global supply chain.
ꦕ The conference was jointly held by the Industrial Development Centre underthe Vietnam Industry Agency of the Ministry of Industry and Trade, the ILO and the World Bank, with theparticipation of over 100 Vietnamese suppliers in the automotive, electronicand mechanical industry. The event aims to connect domestic small- andmedium-sized manufacturers with multinational groups, thus enhancingopportunities for them to become the groups’ suppliers.
Representatives from the automotive groups Honda Vietnam and Toyota, and theelectronic manufacturer Samsung shared the groups' localisation strategies and training programmes targeted capable Vietnamesesuppliers, faciliting their approach to the groups’ supply chain. They also put forth recommendations for the Government in terms ofpolicy-making and offering incentives to encourage and increase thelocalisation rate among international groups in Vietnam./.
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Stephan Ulrich, SCORE Regional Programme Manager speaks at the conference (Photo: VNA) 
