Vietnam favoured destination for export-processing production, says Asean-Japan centre

A vendor sells durian along a street in Hanoi on Monday (May 18). Massive foreign direct investment (FDI), in particular export-processing FDI in Vietnam means that the country has become a favoured destination for export-processing production. - AFP

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.