An Analysis of Vietnamese Footwear Manufacturers’ Participation in the Global Value Chain: Where They Are and Where They Should Proceed?
Recently, Global Value Chain (GVC) is considered as a key factor impacting on strategies of international firms of all sizes.
Tác giả: Hoang Thi Phuong Lan, Pham Thi Thanh Hong
In trong: Chuyên san Kinh tế và Kinh doanh
Số: Tập 32, Số 5, 2016, tr. 55-65
Ngôn ngữ: Tiếng Anh
Từ khóa: Global value chain, upgrading, value added, comparative advantage
Tóm tắt: Recently, Global Value Chain (GVC) is considered as a key factor impacting on strategies of international firms of all sizes. As firms are considering international trade as an opportunity to increase their sales abroad, some companies actually participate in a GVC in order to gain more added value. In the state of world top 3 footwear manufacturers, Vietnamese footwear producers still face difficulties in capturing more value from GVCs. This paper analyzes the competitiveness of these firms and the ability to capture more added-values from GVCs. The paper reveals that the comparative advantage of low-cost labor is not sustainable. Thus, for sustain growth and prosperity, Vietnamese footwear manufacturers should find other advantages in
manufacturing.
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