Asian supply chains are evolving from a focus on efficiency to an emphasis on balancing efficiency and resilience. Simultaneously, there is an ongoing push to “green” supply chains as part of a global effort to fight climate change.
In the wake of the U.S.-China trade conflict and the COVID-19 pandemic, there has been a notable shift in rhetoric toward supply chain independence and security, consequently challenging China's position as the leading global exporter. Across ASEAN, Vietnam appears to have benefited the most from the rearrangement of global export markets.
AMRO Senior Economist Wanwisa May Vorranikulkij talked to Vietnam Investment Review about the economic outlook for Vietnam.