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Original Research

RESEARCH ON THE GLOBAL SUPPLY CHAIN SHIFT IN VIETNAM

NGUYEN TIEN MINH 1, and HA VAN HOI 2.

Vol 18, No 12 ( 2023 )   |  DOI: 10.5281/zenodo.10360545   |   Author Affiliation: VNU University of Economics and Business, Hanoi, Vietnam 1; VNU University of Economics and Business, Hanoi, Vietnam 2.   |   Licensing: CC 4.0   |   Pg no: 509-531   |   Published on: 12-12-2023

Abstract

Globalization and international economic integration are taking place strongly around the world, promoting integration and interdependence between countries with a focus on economic openness, creating conditions for effective combination of domestic and foreign resources, and expanding development space. Globalization and international economic integration are both objective requirements and internal needs in the process of economic development of countries. In the process of globalization and international economic integration, the global supply chain plays an important role, is an indispensable method, and is referred to as the "lifeline" of the global economy. When the Covid-19 pandemic broke out, the global supply chain was disrupted, causing economic and social disruption in countries. The causes of the disruption of the global supply chain include complex interwoven factors such as: extreme weather events; natural disasters; pandemics; lack of supply and labor; logistics bottlenecks and low port efficiency; trade wars; geopolitical conflicts... The Vietnamese economy has a high degree of openness and relies heavily on imported raw materials and energy. Therefore, the global supply chain plays an important role in the Vietnamese economy. Disruptions and changes in the global supply chain all have an impact, causing significant consequences to the country's development process.


Keywords

Shift, Global Supply Chain, Vietnam