Vietnam needs to diversify global supply chains in order to achieve inclusive growth and attract investment after the pandemic ends, speakers said yesterday (Nov 18) at a meeting in HCM City.

Vietnam holds a number of advantages against other countries at a time when investors are looking to exit China, according to experts.

The COVID-19 pandemic has had a serious impact on Vietnam’s economy but it’s also believed to create the conditions to attract more FDI as there have been signs of a switch in capital flows away from China and to ASEAN member countries.

Information and technology (IT) firms will lead the country’s digital transformation in all sectors, said Phan Tam, Deputy Minister of Information and Communications (MIC).

As Vietnam attempts to transform its economy into something fit for the digital world, one of the most important things is to develop its supply chains in line with international practices.

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