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Update news global value chains
Vietnamese small and medium-sized enterprises are embracing digital technologies, automation and new business models to move beyond cheap labour, boost competitiveness and strengthen their position in global supply chains under Resolution No. 57.
Vietnam wants to move beyond attracting foreign investment to become a trusted partner in research, innovation and technology development, Prime Minister Le Minh Hung told an international economic forum in Ho Chi Minh City.
Despite its strong position in global agricultural and forestry exports, Vietnam faces pressure to move beyond raw materials and low-value manufacturing by investing in technology, branding and higher-value production.